Founded in 1934, First Financial operates First Federal Bank, which has 66 locations in the Carolinas and is the third largest financial institution headquartered in South Carolina, ranking 8th in deposit market share. Upon completion of the transaction, the combined company will have approximately $8.3 billion in total assets and will rank 5th in deposit market share in South Carolina. Together the two companies operate a network of 148 branches in the Carolinas and generate more than $2 billion in mortgage loans, ranking 4th in mortgage market share. First Financial’s Wealth Management Division, when combined with SCBT’s Wealth Management Group, will have total assets under management of approximately $2.35 billion.

Under the terms of the agreement, SCBT Financial Corporation will add five First Financial board members to the combined company’s board. First Financial’s President and CEO of First Financial will be named President of SCBT Financial Corporation and the current chair of First Financial’s board will assume the role of vice chair of the board of the combined company.

Under the terms of the agreement, shareholders of First Financial will receive 0.4237 shares of SCBT common stock for each share of FFCH common stock. The stock issuance is valued at approximately $302.4 million in the aggregate.

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Banking and financial services for servicers and lenders
Represents servicers and lenders in post-origination loan modifications, loan assumptions, and loan defeasances. more
Real estate investment and development for an international hotel company
Represented an international hotel company in negotiation of long term ground lease for new-build hotel to be connected to major regional retail more
Regulatory action defense for a global leader in information solutions
Represented a global leader in information solutions and its subsidiary in connection with an Federal Trade Commission investigation into possible more
Benefits counseling services for a non-profit health organization
Assisted a nationwide community-based health organization with the review and updating of their broad-based qualified plans and executive benefit more