Columbia, S.C.-Area Banks See Wachovia Merger Benefits.

Publication: The State (Columbia, South Carolina) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2001 The State

Byline: Kevin Dietrich

May 16--Community bankers say it doesn't matter whether First Union or SunTrust eventually lands Wachovia; they'll still come out winners.

"The perception will be there's somebody new in the market, with new rules and new fees, and that means opportunity for us," said Wayne Pearson, president of Southcoast Community Bank in Mount Pleasant.

"People are creatures of habit, and when there's a merger, change happens, which is something they don't like," he added.

Monday, SunTrust...

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