SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 27, 1995
Name of Registrant: First Financial Holdings, Inc.
State of Incorporation: Delaware
Commission File Number: 0-17122
IRS Employer ID Number: 57-0866076
Address: 34 Broad Street, Charleston, South Carolina 29401
Telephone Number: 803-529-5800
Item 5. OTHER EVENTS
On January 27, 1995 First Financial Holdings, Inc. announced that A. L.
Hutchinson, Jr. was named Vice Chairman of First Financial Holdings and its
subsidiary First Federal Savings and Loan Association of Charleston. He will
also remain President and Chief Executive Officer of First Financial Holdings,
Inc.
A. Thomas Hood was named Executive Vice President and Chief Operating
Officer of First Financial Holdings and President and Chief Executive Officer
of First Federal of Charleston. He will continue to serve as Chief Financial
Officer and Treasurer of First Financial.
Hutchinson formerly served as President and Chief Executive Officer of
First Federal in addition to his position at First Financial. The Vice
Chairman and Chief Operating Officer positions are newly created positions.
All of the announced changes are effective February 1, 1995.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit (1). Press release dated January 27, 1995
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
FIRST FINANCIAL HOLDINGS, INC.
/S/ A. L. Hutchinson, Jr.
A. L. Hutchinson, Jr.
President and Chief Executive Officer
Exhibit 1
Press release dated January 27, 1995
Contact: Marilyn C. Shokes
Vice President
803-529-5931
FIRST FINANCIAL HOLDINGS, INC.
ANNOUNCES EXECUTIVE CHANGES
Charleston, South Carolina (January 27, 1995) -- First Financial Holdings,
Inc., today announced executive changes effective February 1, 1995. A. L.
Hutchinson, Jr. has been elected Vice Chairman of First Financial Holdings,
Inc. and its subsidiary, First Federal Savings and Loan Association of
Charleston. He will also continue to serve as President and Chief Executive
Officer of First Financial Holdings, Inc.
A. Thomas Hood has been named Executive Vice President and Chief Operating
Officer of First Financial Holdings, Inc. and President and Chief Executive
Officer of First Federal of Charleston. He will also continue in his postion
as Chief Financial Officer and Treasurer of First Financial.
A Citadel graduate, Hutchinson joined First Federal in 1961, was named
Senior Vice President, Lending in 1973, Executive Vice President, Production
Division in 1979, and was elected to the Board of Directors in 1985. He
became President and Chief Executive Officer of First Financial Holdings and
First Federal of Charleston in 1988. He serves on the Board of the College
of Charleston Foundation, the Executive Advisory Board of Charleston Southern
University and is past Chairman of the Trident Technical College Foundation
Board. He is Vice President and member of the Board of the Coastal Carolina
Council of the Boy Scounts of America and a member of the Board of Directors of
the Star Gospel Mission.
Hood began his career with First Federal in 1975 as Internal Auditor. He
was named Senior Vice President of Financial Services in 1983 and was promoted
to Executive Vice President, Services Division, Treasurer and Chief Financial
Officer in 1984. He was elected to the Board of Directors in 1987. A graduate
of the Citadel and licensed Certified Public Accountant, he has served as
Chairman of the Financial Institutions Accounting Committee and President of the
SUMIT/Systematic Users Group and Coastal Chapter of CPAs. He presently serves
as Chairman of the Advisory Board of the Charleston Area Salvation Army and as
member of the Board of Directors of the Business Development Corporation of
South Carolina and the Board of Trustees of the Charleston Museum.
D. Van Smith, Chairman of the Board of Directors, stated "Mr. Hutchinson
and Mr. Hood have been instrumental in the successful growth of this Company and
I am sure that their work as a team will continue to greatly benefit the
Company and its stockholders. These organizational changes are part of the
process of planning for the future in order to facilitate the most efficient
operations of the Company and to take advantage of opportunities which may
occur in the future."
Also named to new positions at First Financial Holdings were: R. Bruce
Copeland, Jr., Vice President of Marketing; Jerry P. Gazes, Vice President of
Human Resources; and Richard H. Stoughton, Vice President of Planning and
Development. They will assume responsibilities in their respective positions
for the entire holding company which they had previously held at First Federal
of Charleston. Copeland joined the Company in 1985 and is a graduate of the
University of South Carolina. A graduate of Charleston Southern University,
Gazes has been employed by the Company since 1977. Stoughton is a graduate
of the Citadel and joined the Company in 1973.
First Financial Holdings, Inc. is a multiple thrift holding company with
First Federal Savings and Loan Association of Charleston and Peoples Federal
Savings and Loan Association in Conway, as subsidiaries. The Associations have
a total of 31 offices in South Carolina located in the Charleston Metropolitan
area and Horry, Georgetown and Florence Counties and a loan origination office
in coastal North Carolina.
The common stock of First Financial Holdings, Inc. is traded on the Nasdaq
Stock Market under the symbol FFCH.
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