Retired banker Arthur M. Swanson dies

Arthur M. Swanson, a retired president and chief executive officer with the Bank of Charleston, died Monday.

Arthur M. Swanson, a retired president and chief executive officer with the Bank of Charleston, died Monday. He was 91.

Born June 27, 1922, in Hartford, Conn., Swanson moved to Charleston in 1941 to attend The Citadel. After serving several years in the Army during World War II, he returned to The Citadel and graduated in 1947.

Swanson began his decades-long banking career as an assistant cashier with the Charleston office of the First National Bank in 1951.

He was named vice president in 1957 and in 1969 was promoted to senior vice president of administration with the Columbia office.

In 1974, Swanson was elected director of the bank, as well as its holding company, First Bankshares Corp. of S.C.

He was named executive vice president in 1975 and vice chairman in 1981.

First National Bank of South Carolina merged with South Carolina National Bank in 1984, and Swanson was president until his retirement in 1986.

Several years later, Swanson aligned himself with the inaugural Bank of Charleston and was named president, chief executive officer and chairman of the board of its first office, opened on East Bay Street in April 1990.

Swanson was a previous chairman of the S.C. Commission on Higher Education, on the board of directors with the Chamber of Commerce and a member of the Carolina Yacht Club, Preservation Society and the Charleston Library Society.

He is predeceased by his wife, Alice McRitchie Swanson, and survived by his sons Stephen E. Swanson, Arthur P. Swanson, Robert A. Swanson and David M. Swanson.

The funeral service will be held at 11 a.m. Friday at St. Philip's Church in downtown Charleston.

J. Henry Stuhr's Downtown Chapel is handling the arrangements.

Memorials may be made to St. Philip's Church, 142 Church St., Charleston, SC 29401 or Hospice of Charleston, 4975 Lacross Road, Suite 200, North Charleston, SC 29406.

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