South Atlantic Bancshares, Inc. Declares First Cash Dividend, Payable on February 15, 2023
January 20, 2023 at 02:31 am IST
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South Atlantic Bancshares, Inc. announced that its Board of Directors has declared its first cash dividend of $0.10 per share on its common stock. The dividend will be payable on February 15, 2023 to shareholders of record as of February 1, 2023.
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. 
