South Atlantic Bancshares, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- K. Wayne Wicker
- Full Time Employees
- 164
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 29th Avenue North Myrtle Beach SC United States of America 29577
- IPO Date
- Feb 7, 2018
- Website
- southatlantic.bank
- Similar Companies
- Business
- South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company and parent of South Atlantic Bank, a full-service financial institution that provides consumer and commercial banking products and services to individuals, small businesses, and corporations along the coastal region of South Carolina. The company offers checking, money market, and savings accounts; certificates of deposit; individual retirement accounts; and health savings accounts; personal, auto, recreation, and mortgage loans; home equity lines of credit; ready reserve overdraft lines; commercial term loans and revolving lines of credit; credit cards; debit cards; merchant services; cash management and treasury services; remote deposit capture; automated clearing house services; wealth management; internet banking; mobile banking via the South Atlantic Bank goMobile app; telephone banking; no-fee ATM access; and personal and business checks. Founded in 2007 and headquartered in Myrtle Beach, South Carolina, the company operates twelve branches spanning Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, Summerville, and Beaufort. In June 2025, South Atlantic Bancshares authorized a new stock repurchase program for up to 378,613 shares of its common stock; during the first half of 2025, the company grew total assets to approximately $1.9 billion, expanded loans by $53.7 million and deposits by $47.6 million in the second quarter alone, and reduced short-term borrowings by $50 million while repurchasing 112,023 shares.
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