South Carolina Bankers Association
  • About
    • About SCBA
    • Directory
    • SCBA Staff
    • Boards and Committees
      • Board of Directors
      • SC Bankers School Board
      • Young Bankers Division Board
      • Community Bankers Division Board
      • Committees
    • Become a Member
    • My SCBA
  • Government
    • State
    • Federal
    • Regulatory
    • Grassroots
    • SCBA BankPAC
  • Education & Events
    • Education & Events
    • All Online Training Opportunities
    • Sponsorships & Exhibitors
    • Annual Meeting & Trade Show
    • South Carolina Bankers School
    • 2023 Young Bankers Division Conference
    • Photo Gallery
  • Products & Services
    • Preferred Vendors
    • Bank Robbery Posters
  • Communications
    • Advertising
    • Palmetto Banker
    • SC Emergency Preparedness
    • Social Community
  • Young Bankers
    • About Young Bankers Division
    • Palmetto Scholarship
    • Financial Literacy Resources
    • 2023 Young Bankers Division Conference

LOGIN TO MY SCBA     MEMBER DIRECTORY

September 1, 2020

First Citizens’ Bennett Begins Term as S.C. Bankers Association Chairman

COLUMBIA, S.C. – James Bennett, Mid-South area executive for First Citizens Bank, began a one-year term as chairman of the South Carolina Bankers Association on July 1. Bennett, the first African-American to hold the chairman’s position, was elected by a vote of SCBA members.

Bennett has spent 36 years in banking, including 26 years with First Citizens. He began his career with Bankers Trust of South Carolina and has also worked for Republic National Bank and South Carolina Community Bank. At the latter, he was chief executive officer.

With First Citizens, Bennett is the area leader for a 30-branch region that stretches from Camden to Augusta, Ga., and has $2 billion in deposits and $1 billion in loans.

In 1998, Bennett was recognized as South Carolina’s Outstanding Young Banker, the highest honor bestowed by the SCBA. He is the only African-American state banking association chairman in the country at present and one of just a handful in the history of the industry.

“It’s a heavy load. Much is expected of those to whom much is given, but it’s a great honor,” Bennett said. “There’s no doubt South Carolina banks – and all banks – continue to face numerous challenges these days, including:

  • Increasing competition from non-traditional financial services companies;
  • A continued transition to digital banking;
  • Ongoing regulatory compliance;
  • Rising customer expectations;
  • Keeping up with new technology;
  • Ensuring the safety and security of customer accounts; and
  • Developing the next generation of bankers – to name a few.”

Bennett, a native of Cheraw and graduate of the University of South Carolina, began his career at Bankers Trust of South Carolina. He later moved to Republic National Bank and First Citizens. In 2000, he was named CEO of South Carolina Community Bank, South Carolina’s only minority-owned institution, and spent two years at the Columbia bank before returning to First Citizens.

“I’ve known James since his time at Republic and have admired his personal and professional accomplishments,” SCBA President and CEO Fred Green said. “He will be a great leader of our banking industry in South Carolina during this chaotic time.”

Bennett succeeds Sam Erwin, South Carolina regional president for First Horizon Bank of Memphis, Tenn.

Bennett has been active on boards across the state. He currently serves on the board of Dominion Energy, Prisma Health and the Columbia Urban League, and is vice chair of USC Education Foundation the Midlands Business Leadership Group. He has also served on the boards of Claflin University and SCANA Corp.

Bennett, 59, lives in Columbia, and he and his wife Cynthia have two sons.

The South Carolina Bankers Association is the professional trade association organized to effectively represent the common interest and welfare of the banking industry in South Carolina and to promote the professional development of its members and their employees. The South Carolina Bankers Association’s mission is to serve as a reliable and responsible source of information and education about areas of importance to the industry, and to be the key advocate in helping our member institutions in legislative, regulatory, educational and value-added services. You can learn more at www.scbankers.org.

###

SC Banks Close $5.7 Billion in PPP Loans, Protect more than 650,000 Jobs Past Carolina Bank General Counsel and Board Member, Governor David Beasley accepted the 2020 Nobel Peace Prize as Executive Director for the World Food Programme

Related Posts

Press Releases

Past Carolina Bank General Counsel and Board Member, Governor David Beasley accepted the 2020 Nobel Peace Prize as Executive Director for the World Food Programme

Press Releases

SC Banks Close $5.7 Billion in PPP Loans, Protect more than 650,000 Jobs

Press Releases

South Carolina Banks help launch small business lending program


 

2009 Park Street
Columbia, SC 29201

PO Box 1483
Columbia, SC 29202

Main  803.779.0850
Fax  803.779.0890

info@scbankers.org

© 2022 South Carolina Bankers Association | Site by Octagon