Forbes named North Carolina Bank and Trust's parent company SCBT Financial Corporation (NASDAQ: SCBT) one of the Top 100 Most Trustworthy Companies in the U.S. in a study conducted by Audit Integrity.
Known for its conservative management, SCBT Financial Corporation's philosophy of soundness, profitability and growth and always putting the customer first established the foundation for this 75-year old company's success.
"This study is a credit to our employees and reaffirms the fundamental values of honesty and integrity that have been a part of our corporate culture since our founding," said Robert R. Hill, Jr., CEO, SCBT Financial Corporation. "For more than 75 years, our management team has been committed to maintaining the confidence and trust of our shareholders and customers. We are extremely honored to be ranked as one of the most trusted companies in America."
Based on an annual study, the Top 100 Most Trustworthy Companies list ranks companies that have consistently demonstrated transparent, conservative accounting, solid corporate governance, and responsible leadership. The study, which is published by Forbes magazine, evaluates over 8,000 companies nationwide.
"In this current economic environment, it is an honor to be ranked in the 95th percentile and to be acknowledged as a company that is truly worthy of public trust," said John Pollok, CFO, SCBT Financial Corporation.
According to Forbes, "Audit Integrity finds that its 100 Most Trustworthy Companies have consistently shown transparent and conservative accounting practices and solid corporate governance and management. These companies do not play games with revenue and expense recognition, or with asset valuation."
Audit Integrity is an independent financial analytics company based in Los Angeles that looks beyond the raw data on income statements and balance sheets to assess the true quality of corporate accounting and management practices.
North Carolina Bank and Trust (NCBT) operates four locations in Mecklenburg County in North Carolina. Serving the financial needs of the Charlotte market since 1998, NCBT operates offices in Myers Park, South Park, Cotswold and Mint Hill. NCBT is a division of SCBT, N.A., a subsidiary of SCBT Financial Corporation, which has assets of approximately $2.8 billion and its stock is traded under the symbol SCBT in the NASDAQ Global Select Market. More information can be found at http://www.ncbtonline.com/.
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