C. John Hipp 3d, the president and chief executive officer of SCBT Financial Corp. of Columbia, S.C., has resigned, saying he did so for personal reasons.
Robert R. Hill Jr., the president and chief operating officer of the company's South Carolina Bank and Trust, took over as CEO.
Mr. Hipp, 52, had been the chief executive of the $1.3 billion-asset company for a decade, in which it quadrupled its assets to become the fourth-largest banking company based in South Carolina. It posted strong earnings of $3.9 million for the third quarter, when it opened two loan production offices.
In a press release issued Thursday, Mr. Hipp said he plans to consider "future business challenges and opportunities."
