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South Carolina Bank and Trust to Join Edens & Avant's Lexington Pavilion

    COLUMBIA, S.C., March 16 /PRNewswire/ -- Edens & Avant, one of the
nation's leading retail real estate companies, is pleased to announce South
Carolina Bank and Trust (SCBT) will open a branch location at Lexington
Pavilion, a 230,000-square foot, Target-anchored center in development in
Lexington, South Carolina. The opening of SCBT is planned for July 2007 and
will coincide with the Target, PetSmart and Best Buy openings at the
center.
    "The South Carolina Bank and Trust announcement is an example of the
anticipation and excitement the retailer roster at Lexington Pavilion is
generating," said Lyle Darnall, Edens & Avant Vice President of
Development, "and it fulfills our goal of bringing on a quality bank for
the center, further enhancing our offerings here."
    At 4,800 square feet, the SCBT will be a full-service location with
four drive-thru lanes and a drive-thru ATM, services not currently
available at the existing SCBT location in Lexington.
    "We are very excited to be a part of the growth and development of
Lexington," said Brent Mackie, SCBT city executive, Lexington County. "As
one of the fastest growing counties in the state, it is the natural next
step in building out our statewide banking network. We look forward to
serving the residents here and making banking with SCBT more convenient for
our loyal customers."
    South Carolina Bank and Trust, the fourth largest bank headquartered in
South Carolina, is a subsidiary of SCBT Financial Corporation (Nasdaq:
SCBT). Serving the financial needs of South Carolinians for over 73 years,
SCBT Financial Corporation operates 45 financial centers in 16 South
Carolina counties and has assets exceeding $2 billion.
    Edens & Avant develops, owns and operates neighborhood shopping places
in primary markets throughout the East Coast. Focusing on innovative
development and redevelopment together with key acquisitions in urban
areas, the Company has a portfolio of more than 150 retail centers in 18
states. Edens & Avant has Regional Headquarters in Boston, Washington, DC,
Atlanta, Miami and Columbia, SC (Corporate Office). For additional
information about the Company and its retail real estate portfolio, please
visit http://www.edensandavant.com.


SOURCE Edens & Avant




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    CONTACT:
    Julie Culbreath of Edens & Avant, Director of
    Advertising and Public Relations, +1-803-744-2446,
    jculbreath@edensandavant.com