South Atlantic Bancshares, Inc. Announces Election of Directors
April 27, 2019 at 01:31 am IST
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South Atlantic Bancshares, Inc. announced the election of K. Wayne Wicker, Miles N. Herring, Martha S. Lewis, Michael C. Tawes, Sr. and Edgar L. Woods. The Company's Class III directors elected at the 2019 annual meeting of shareholders will serve for a three-year term to expire at the 2022 annual meeting of shareholders or until their respective successors have been elected and qualified.
South Atlantic Bancshares, Inc. is a bank holding company. The Companyâs banking subsidiary is South Atlantic Bank (Bank). The Bank is a state-chartered commercial bank, and its deposits are insured by the Federal Deposit Insurance Corporation. The principal business activity of the Bank is to provide banking services to domestic markets, principally in Horry, Georgetown, Charleston, and Beaufort counties, South Carolina. It offers loans, including commercial, commercial real estate, consumer and consumer real estate loans. Its deposits include noninterest-bearing transaction accounts, interest-bearing transaction accounts, savings and money market accounts and time deposits. Its personal banking includes checking and money market, savings, and loans and lines of credit. Its mortgage products include mortgage loans, fixed-rate mortgages, adjustable-rate mortgages, and others.
SOUTH ATLANTIC BANCSHARES, INC. 
