Keefe, Bruyette & Woods Comments On SCBT Financial (SCBT)

Keefe, Bruyette & Woods provided color on SCBT Financial SCBT in a research report published today. In the report, Keefe, Bruyette & Woods states, "SCBT picks up Habersham Bank from the FDIC, a $388 million bank headquartered in Cornelia, GA. The deal fits in exactly with SCBT's gameplan as it adds to its GA franchise, and brings a 100+ year old business and customer base. We believe the deal is accretive (even with the capital raise) to earnings and tangible book value." Shares of SCBT Financial closed last Friday at $32.51, reflecting no change from last Thursday's market close.