Heritage Trust FCU Pulls Out Of ColumbiaMarket

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CHARLESTON, S.C. - (07/25/06) -- Heritage Trust FCU said it abandonedits efforts to expand into the Columbia market and sold its twobranches in the city to South Carolina FCU. "Things just haven'tworked out the way we wanted to," Bill Hicks, chief of marketingfor the $345 million credit union, told The Credit Union JournalMonday. Instead, Heritage Trust FCU will concentrate its efforts onits core operations at the main offices and 11 branches in thestate's 'Lowcountry,' he said. Under the unusual deal, the $1.1billion South Carolina Federal will assume all deposits and loansat the two Columbia branches.

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