Financial Services >> CEO Interviews >> March 9, 2009

Hugh C. Lane Jr. – Bank Of South Carolina Corporation (bksc)

HUGH C. LANE JR., President/CEO of Bank of South Carolina Corporation, is a 61- year-old, fourth generation banker and a native of Charleston, South Carolina. Mr. Lane was graduated from the Choate School in Wallingford, Connecticut, and, in 1970, earned a BA in Economics from the University of Pennsylvania. Upon graduation, he entered the U.S. Navy with the rank of Ensign. After receiving an honorable discharge, he began his banking career in 1972 at C&S National Bank of Georgia in Atlanta. In 1973, he accepted a position with Chemical Bank, New York, and worked in the Bond, Leasing, and International Departments. In 1974, he returned to South Carolina to accept a position with C&S Bank of South Carolina as City Executive of the Sumter, South Carolina, office. He served on the C&S Bank of South Carolina Board of Directors for 14 years. In 1976, Mr. Lane returned to his hometown of Charleston to serve as Executive Vice President, heading the C&S Bank's Southern Region Credit, with responsibility for approximately 300 employees. In 1986, when the C&S Bank of South Carolina was acquired by C&S Bank of Georgia, Mr. Lane resigned to head a group of local business and community leaders who shared his antipathy for interstate banking, and organized The Bank of South Carolina. In addition to his responsibilities at The Bank of South Carolina, Mr. Lane has served as a member of the Advisory Committee for the ACE Basin National Estuarine Research Reserve System and is currently a member of the Charleston County Conservation Bank Board. He is past Chairman of the Board of Trustees for the Belle W. Baruch Foundation; Trustee and Vice Chairman of the Board at Wofford College; Trustee and past Chairman of the South Carolina Independent Colleges & Universities; Trustee and past President of the Charleston Museum; past co-Chairman of the Community Relations Committee; past member of the Advisory Committee for the Storm Eye Institute of the Medical University of South Carolina; member of the Trident Chamber of Commerce; and past member of the Board of Trident Urban League. Mr. Lane is the recipient of Honorary Doctorates from Charleston Southern University and The Citadel. He was the 1997 recipient of the "Distinguished Citizen Award" from Wofford College National Alumni Council, as well as the 1997 recipient of the Avery Citizenship Award for outstanding community service, presented by the Avery Research Center. The Chamber of Commerce presented Mr. Lane with the 2004 Joseph P. Riley Leadership Award. In 2008, Mr. Lane was awarded the Order of the Palmetto by Governor Mark Sanford. Profile
TWST: Would you begin with a brief historical sketch of The Bank of South

Carolina and a picture of the things you're doing now?

Mr. Lane: Today is actually the 22nd anniversary of us opening