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The Columbia Star
Columbia, South Carolina
March 27, 2009     The Columbia Star
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March 27, 2009

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2 MARCH 2/. 20Q~ - Business THE C o L U M BIA STAR S C Rick Todd of the S.C. By John Temple Ligon Founded in Greenville in 1932, the South Carolina Motor Car- ders Association was incor- porated in 1933, when it changed its name to the Motor Transportation Asso- ciation of S.C., Inc. Since then, the S. C. Trucking Association. has grown to more than 700 trucking companies with more than 100,000 trucks on the roads across the country. I. Richards Todd has been president of the S.C.T.A. since 1988. Rick Todd was born in Columbia's Providence _Hospital about the time his father finished law school at USC. His father retired as assistant director of the Legislative Council. Todd has an older sis- ter, Polly Laffitte, who is an art curator for the Universi- ty of Tennessee in Knoxville where her husband runs the student affairs office. His younger sister Ruth Todd is a Clemson architecture graduate. She is an assistant principal for a San Francisco architec- ture firm, Page & Turnbull. Todd's younger brother Steve is in con- struction full time, but he also takes guitar gigs on the side. Todd attended Miss Lola's Kindergarten near Triangle City in ,West Columbia. After Saluda River Elementary and Northside Middle School (the former Lakeview High School), Todd graduated from Brookland-Cayce High School. At B-C, Todd played basketball and founded the golf team. He appealed to Bob Montgomery, the school's athletic director, who then appointed the track coach to take on the responsibilities of the golf team. Todd worked on his golf game in the summers while he also worked as a lifeguar6 at the Country Club of Lexington, Also in his off-time during his secondary school years, Todd mowed lawns, cleaned buildings, sold Cokes at Williams- Brice and worked at Reynold's Florist Shop on Meeting Street. In college at USC, Todd graduated in four years with l/is degree in journalism. In evenings and on weekends he worked as a bell hop at the Holiday Inn on Assembly, what is now the Courtyard by Marriott. Even though Trucking Association he met his commitments discussions on the future at the Holiday Inn while he of the Port of Charleston, took 18 credit hours in col- the feasibility of a new port lege courses per semester, on the Jasper County side Todd also managed a job of the Savannah River (a as a page in the S.C. Legis- joint venture with the port lature, authority of Ga.), the port Todd later met his possibilities for Daniel wife Susan at the State Island, and the profound House when she was a East Coast impact of an page. Susan is a enlarged Panama Canal for third-grade teacher at both trucking and rail, dis- Hammond School. They cussed together especially have adaughter, MaryHol- when considering con- land, who will be five in tainerized shipping. two months. In the local discus- While Todd was con-sions about the Port of sidering career options, to Charleston is its future as a include law school, he public or private facility. As heard from Sam Boyiston, a public facility it contin- the general manager of ues with its common-user what is now the S.C. Truck- gates in competition with ing Ass'n. Boyiston offered Southeast ports in lack- Todd the position of assis- sonville, Fla., Savannah, tant general manager, Ga., Wilmington, N.C. and which he accepted in 1979. Norfolk-Hampton Roads, Less than 10 years later, Va. Boylston retired, and Todd As a private facility, took over. the threat of more union- In 1980, under Presi- ization and more opera- dent RonaldReagan, truck- tions costs is feared by ing was deregulated at the many S.C.P.A. regulars federal level, and in the such as former S.C. Sec. of early'90s, S.C. effectuated Commerce Bob Royall, intrastate deregulation, who is campaigning for a As the president ofmore competitive port. the S.C.T.A., Todd is the And there's always CEO and chief lobbyist. He the voice of the South of oversees a half-dozen peo- Broad wannabes who pre- ple at their headquarters fer to de-industrialize on Devine Street, across Charleston, downplaying from Dianne's. the importance of the port One of the major and leaving the jobs offer- milestones of Todd's term ings dominated by waiting at the S.C.T.A. is the explo- tables, tending bar and sion in the use of con- changing sheets. tainerized shipping, which Real wealth, however, essentially made the is created by trade, and Wando/Welch terminal at trade makes its final desti- the Port of Charleston. nation on trucks. The S.C. POrt Author- ity is looking for a new CEO while it entertains Unlimited Marketing Solutions has been award- ed four ADDY Awards at the American Advertising Federation of The Mid- lands ADDY Gala. The Silver Crescent Foun- dation Board of Directors has elected new officers for 2009. Gary Foster, president and chief execu- tive officer of Automation Engineering Corporation in Greenville, was elected chairman; Mike Rose, who recently retired as plant manager of Bridgestone Firestone in Aiken, was elected vice chair; and George Lockwood, presi- dent of CPM Federal Cred- it Union, was elected sec- retary/treasurer. The Board has also recognized Oscar Prioleau, retired information technology consultant in Columbia. The University of South Carolina will honor A. Marvin Quattlebaum Jr. with its distinguished Compleat Lawyer award. RIGGS has received Best of Show and Best of Broadcast at the 2008 ADDY Awards. The Midlands Authority for Conventions, Sports & Tourism (MACST) has been selected as a Gold Addy co-recipient for its Famously Hot Sales Kit. Jeanne Porter Ashley has joined H&S Real Estate Solutions as the broker In charge. Bill McCrary Bill McCrary, founder and CEO of Strategic Partner, a Wanda Long has been Columbia-based profes- president of Prioleau Steel, promoted from branch sional services firm that for his longstanding serv- manager to vice president specializes in leadership ice to the Foundation and and branch manager for and sales force develop- presented him with a reso- First Citizens. ment, has been awarded lution bestowing him the 2009 David H. Sandier Honorary Emeritus boardBrett Frantz, director of Award by Sandier Training, status. Corporate Real Estate for formerly known as Sandier First Citizens, has joined Sales Institute, of Owings J. Alexander Hay has the Board of Directors forMills, Md. Only 12 awards joined Atlantic Executive City Center Partnership. have been given in the his- Consulting Group as an toryofthe company. S.C. banks are part of thesolution By Sterling J.U. Laffitte, chairman, S.C. Bankers Association and presi- dent, Palmetto State Bank Misconceptions about banking in South Carolina dominate media headlines. The South Car- olina Bankers Association wishes to address some important realities about the health of our industry, both on a statewide level Sterling J.U. Laffitte, and in the global econo- chairman, S.C. my. Bankers Association Tradition banks did and president, not cause the economic crisis. South Carolina's Palmetto State Bank banking industry offers traditional banking servic- es that have by and large holdings such as Fannie avoided risky subprime Mae and Freddie Mac pre- lending in favor of safe ferred stock. More impor- and sound loan under- tantly, they are dealing writing and conservative with irresponsible media banking practices, reports citing private The South Carolina"lists" of problem banks banking industry is com- that in no way reflect the prised of approximately strength of their ability to 100 banks, employing over get through this crisis. 13,000 employees in their These lists are dan- 1328 branches and offices, gerous and confusing for That includes $56 billion the public. Few people in assets, all of which outside the industry know keeps businesses open, that the 14 South Carolina families above water, and banks who've applied for the state's commerce run- CPP money are actually ning smoothly. South Car- healthy institutions who olina's banks have always are selling senior pre- operated under the ferred stock shares to the strictest regulatory over- government. sight and have persevered The reality is that the throughout the genera- credit is readily available tions, to our citizens from S.C. The constant stream banks. These banks have of negative news wrongly bridged the gap caused by implies that the banking the evaporation of credit industry is responsible for in auto lending, credit the worldwide economic cards and with the col- crisis. The media still uses lapse of the secondary the over simplistic word market for mortgages. "bailout" when referring Thirty years ago, banks to government programs provided 60% of all credit such as the Capital Put- -today, traditi6flal chase Program (CPP). This lending provides less than recklessness is beginning 30%. But that number is ,, to take its toll on the S.C. growing as banks strive to families, business men meet the credit needs of and women, employees customers seeking auto and shareholders who loans, home mortgages make banking part of their and expanding business everyday life. needs. Now, that's not to say The members of the they haven't felt the same South Carolina Bankers economic woes that Association appreciate the everyone else is experi- recent concern over these encing. Our banks are unique economic conflu- dealing with the deterio- ences, and we stand ready rating market conditions to answer all your ques- that are challenging their tions about the CPP recip- ability to attract new capi- ients, bank lending, and tal and deposits. They are the need for clarity in indeed dealing with public oversight and poli- "mark-to-market" issues cy. in previously reliable asset Support your local community newspaper. Advertise in The Columbia Star... your newspaper for 46 years Contributed by recession lasts longer than South Carolina, Inc., and First Citizens expected and would pro- Merchants and Farmers vide more flexibility in its Bank of Comer, Ga. Columbia-based lending activities. After First Citizens Bank First Citizens Bancorpora- careful consideration, First offers services in commer- tion, Inc applied for a mini- Citizens Bank concluded cial and retail banking mal level of capital under the program's cost out- through its 183 offices in the U.S. Department of weighed its benefits for our South Carolina and Geor- Treasury's Capital Purchase high performing and gia. As of Dec. 31, 2008, Program and was approved well-capitalized bank." said First Citizens Bancorpora- without conditions but chief financial officer Craig tion, Inc. had total consoli- declined to participate in Nix dated assets of $7.02 bib the program. First Citizens Bancor- lion. "First Citizens initial- potation, Inc., is the parent For more informa- ly perceived that the addi- company of First Citizens tion, visit the First Citizens tional capital would beBank and Trust Company, web site at www.firstciti- beneficial in the event the Inc., The Exchange Bank of [ Low down payments for 1st time home buyers ] Send your business news to Mike@TheC01umbia Star.c0m Fixed Interest Rates ' In [louse Financing $7,500 Tax Credit to 1st Time Home Buyers Jackquline Sumpter, Sales Professional Clayton Homes 803,960.0912 phone 1700 Airport Blvd. 803.794.0332 fax Cayce, SC 29033