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December 22, 2008

Allen Hay, Jr. to Retire from SCBT

ORANGEBURG, SC  - South Carolina Bank and Trust announces that Allen Hay, Jr. executive vice president, will retire on December 31, 2008.

"Allen has led our Human Resources, General Services, Facilities and Security functions during the highest growth period in our company's 75 year history," said Robert R. Hill, Jr., CEO, SCBT.  "His experience and leadership have helped us build the strong management team that we have today.  Allen has always been a person on whom I have relied and has been a trusted advisor.  He will always tell you the truth and will tell you what he thinks is best.  Allen is a guy who cares deeply about our employees, whether you have been with the company forty years or forty days.  I will greatly miss his council and leadership."

Hay started his career in banking in April of 1981 as manager of the Human Resources area.   In 1986, he established and managed the Training function until 2004.    Other areas that Hay managed during his tenure include Marketing, Customer Care Center and Operations.   When Hay started his career, SCBT employed approximately 120 employees.  Today, the company employs close to 800 people in two states.

"Things have really changed since I started in banking.  When I joined the bank, we were using manual teller machines and no one would have believed you could walk up to a machine, pop in a card and get money," said Hay. "The only way to make deposits or get cash was to visit the bank.  Now, you can walk up to an ATM, put your card in and get cash 24/7.  Or you can do your banking electronically on your computer from the comfort of your home.  Back in 1981, that would have seemed like something from the twilight zone.”

When asked what has changed the most, Hay responded "I can tell you what hasn't changed and that is our core values of soundness, profitability and growth.  SCBT is rather conservative - which has proven to be a benefit during this turbulent period in the banking industry.  The one thing that has changed is our size.  We had ten offices in five counties when I started and now we have 50 offices in 2 states."

His advice to be successful in a Human Resources or Management career is to "be fair and consistent in what you do, always establish goals and hold associates accountable for their actions.” 

What will he miss?  "The thing that I will miss the most is building relationships with the employees," said Hay.  "The one thing that I have always enjoyed is teaching and coaching leadership skills to our management group."

Hay's first job as a teenager was bagging groceries at Piggly Wiggly 52 years ago.  When asked from whom he learned the most, Hay said "W. J. (Billy) Colvin, Jr., one of the owners of Holly Hill Lumber Co. where he worked as personnel director for nearly ten years.   He was the first to recognize my ability to interact with employees and influence them in a positive way.  He supported my growth and development, and shaped the foundation of the sound business principles and sense of fairness that I have today."

His advice to the employees of SCBT - "Many employees don't fully appreciate the company that we work for. The quality of the company and the management team is evident by our recent performance in the stock market. Our share value has held up while other businesses are slumping.  You've got a great job with a great company.  Maximize your opportunity to learn and develop your career skills."

"We wish Allen the best as he embarks on the next era in his life," said John Pollok, chief administrative officer and chief financial officer, SCBT.  "We will definitely miss his positive, jovial attitude, but I know he'll be enjoying some well-deserved time doing the things he enjoys - like playing golf and following the activities of his grandchildren."

SCBT Financial Corporation, Columbia, South Carolina is a registered bank holding company incorporated under the laws of South Carolina.  The Company consists of SCBT, N.A., the fourth largest bank headquartered in South Carolina and NCBT, a Division of SCBT, N.A.   Providing financial services for nearly 75 years, SCBT Financial Corporation operates 50 financial centers in 16 South Carolina counties and Mecklenburg County in North Carolina.   SCBT Financial Corporation has assets of approximately $2.8 billion and its stock is traded under the symbol SCBT in the NASDAQ Global Select Market.  More information can be found at www.SCBTonline.com.

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