Columbia bank gets new name

COLUMBIA, S.C. (AP) — A Columbia bank is getting a new name

The State newspaper reported (http://bit.ly/1j7JLtA) that SCBT changed its name to South State Bank on Monday.

The company started in Orangeburg and has moved and grown from a $2 billion asset bank in 2009 to $8 billion last year. It has operations in South Carolina, North Carolina and Georgia as it has purchased a half-dozen banks. The company has used five different operating names.

Chief Executive Robert Hill said the company hopes to become the preferred consolidator of small banks in the Southeast.

Most branches will get the new name June 30.

Bank cards and checks will be re-issued as they come up for renewal.

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Information from: The State, http://www.thestate.com