South Atlantic Bancshares Inc. Announces Executive Changes
November 03, 2016
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South Atlantic Bancshares Inc. expanded its board size to 12 members and appointed Michael Tawes Sr. as director of the company and unit South Atlantic Bank. Tawes is a partner with Atlantic Real Estate Services and Valbridge Property Advisors/Atlantic Appraisals. In addition, the company promoted Ken Pickens to executive vice president. Pickens, who most recently was regional executive for Charleston and Mount Pleasant, will oversee the banks expansion and its new branch, set to open in 2017 on Johnnie Dodds Boulevard.
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. 
