Heritage Trust FCU Pulls Out Of Columbia Market

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CHARLESTON, S.C. -- Heritage Trust FCU said it abandoned its efforts to expand into the Columbia market and sold its two branches in the city to South Carolina FCU. "Things just haven't worked out the way we wanted to," Bill Hicks, chief of marketing for the $345 million credit union, told The Credit Union Journal. Instead, Heritage Trust FCU will concentrate its efforts on its core operations at the main offices and 11 branches in the state's 'Lowcountry,' he said. Under the unusual deal, the $1.1 billion South Carolina Federal will assume all deposits and loans at the two Columbia branches.

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