Search
  • People You Know & Trust
  • Call Us at 843-839-0100
What's New? Keep up on the latest news from South Atlantic Bank.

Mary Jo Rogers Named Executive Vice President at South Atlantic Bank

Mary Jo RogersMyrtle Beach, South Carolina, August 19, 2014 – Mary Jo Rogers has been promoted to executive vice president and Grand Strand regional executive at South Atlantic Bank. In this role, she is responsible for new business development and will oversee the bank’s four Grand Strand locations. 

Rogers began her banking career in 1989 with North Carolina National Bank in the commercial relationship management training program. She worked as a commercial lender in Wilmington, North Carolina and moved to Myrtle Beach in 1996 to work with Wachovia Bank as a vice president in its Private Financial Advisors program. In 2003, she joined Carolina First Bank as a senior vice president and commercial team leader, a position she held until joining South Atlantic Bank in 2007 as senior vice president and commercial banker. She was promoted to senior lender in 2011.  

A graduate of East Carolina University with B. A. and M.B.A degrees, Rogers is also a Certified Financial Planner® and has 25 years of banking experience. In the community, she is chairman of the board of New Directions, an umbrella organization that aids the area’s homeless population and victims of abuse and their children. She is a board member of the Grand Strand Optimist Club and a past president and board member of the Franklin G. Burroughs-Simeon B. Chapin Art Museum of Myrtle Beach.

South Atlantic Bank Opens Full-Service Office in Mount Pleasant

Myrtle Beach, SC, August 18, 2014 – South Atlantic Bank has opened a full service office at 1127 Queensborough Boulevard in Mount Pleasant, after receiving approval from the Federal Deposit Insurance Corporation (FDIC) and the South Carolina State Board of Financial Institutions. The bank had operated a loan production office at this location since October 2013. The new full-service office is the bank’s fifth overall and first in the Mount Pleasant/Charleston market.

In announcing the approvals, South Atlantic Bank chairman of the board and chief executive officer K. Wayne Wicker said, “The expansion to Mount Pleasant and Charleston is a natural extension of our bank’s coastal South Carolina footprint, reaching from Myrtle Beach to the south. We have a seasoned team of local bankers in place in Mount Pleasant and look forward to meeting the financial needs of both businesses and consumers now and in the years to come.”

Leading the office is Mount Pleasant banking veteran Ken Pickens who serves as senior vice president and regional executive. Staff members include Brian Michel and Kurt Seguer, both vice presidents and commercial loan officers; Peter Insabella, vice president and mortgage loan officer; Christy Chumney, assistant vice president and loan assistant; and Cari Henderson, assistant vice president and retail business development officer.

Business hours are Monday through Friday, 8:30 a.m. to 5 p.m.

Downs-High Completes Banker's School

Melissa Downs-High Completes Bankers SchoolMyrtle Beach, South Carolina, August 5, 2014 – South Atlantic Bank’s Melissa Downs-High was among the 39 graduates of the South Carolina Bankers Association School of Banking, held at Lander University in Greenwood. The three-year program covers all facets of bank management and includes the “BankExec” competition, in which teams compete against each other in the running of a simulated bank.

Downs-High serves as vice president and controller and has been with the bank since its founding in 2007. Prior to joining South Atlantic Bank, she had significant experience in accounting and auditing with two other community banks. She is a graduate of Augusta State University with a B.S. degree in business administration.

South Atlantic Bank Announces Earnings Growth of 34.4 Percent for Second Quarter

Myrtle Beach, South Carolina, July 24, 2014 – South Atlantic Bancshares, Inc., parent of South Atlantic Bank, today reported net income of $504,495 or $0.16 per diluted share for the three months ended June 30, 2014, an increase of 34.4 percent when compared to the $374,663 or $0.12 per diluted share reported for the three months ended March 31, 2014. The second quarter of 2014 marked the bank’s fourteenth consecutive quarterly profit.

“Our second quarter performance is attributed to improving economic conditions in the markets we serve and the bank’s overall growth,” said K. Wayne Wicker, South Atlantic Bank chairman of the board and chief executive officer. “Our new locations in Mount Pleasant and Georgetown, along with an expanded mortgage department, are now making significant contributions to our financial performance in just nine months of operations. Additionally, we experienced solid growth in the loan portfolio and strong performances from the merchant services and mortgage lines of business,” he said.

Total loans grew 21.2 percent, from $202.7 million at June 30, 2013 to $245.6 million at June 30, 2014. Total deposits grew 8.1 percent, from $301.4 million at June 30, 2013 to $325.8 million at June 30, 2014. Total assets grew 8.3 percent, from $326.2 million at June 30, 2013, to $353.4 million at June 30, 2014.

During this period of loan growth, South Atlantic Bank’s credit quality remained strong with net charge-offs to total average loans of 0.04 percent and zero past dues for the three months ended June 30, 2014. The bank’s capital ratios continue to exceed regulatory requirements.

South Atlantic Bank has received approval from the South Carolina State Board of Financial Institutions to expand its Mount Pleasant loan production office to a full-service branch, and is awaiting approval from the FDIC. The bank is also building a new office in Pawleys Island and expects to move from its current office in Waverly Place to the new location in late fall.

Click Here for Financial Data

South Atlantic Bank to Open Full-Service Office in Mount Pleasant

Myrtle Beach, SC, June 19, 2014 – South Atlantic Bank today announced that it has filed applications with the FDIC and the South Carolina State Board of Financial Institutions to open a full-service branch office in Mount Pleasant at 1127 Queensborough Boulevard. The bank opened a loan production office at this location in October 2013 to meet consumer and commercial lending needs including mortgages. The full-service office, once approved, will be the bank’s fifth overall and first in the Charleston/Mount Pleasant market.

In making the announcement, South Atlantic Bank chairman of the board and chief executive officer K. Wayne Wicker said, “Our loan production office has been very well-received in the market due in large part to the team and products we have put in place. We are looking forward to becoming full-service and anticipate operations to begin within 90 days, pending the approval process. Customers in the market will find the high-tech products usually offered only by much larger banks, along with the community bank service South Atlantic Bank is known for, at our Mount Pleasant office.”

The staff consists of veteran bankers with nearly 100 years of combined experience in Mount Pleasant and Charleston. Staff members are Ken Pickens, senior vice president and regional executive; Brian Michel and Kurt Seguer, both vice presidents and commercial loan officers; Peter Insabella, vice president and mortgage loan officer; Christy Chumney, assistant vice president and loan assistant; and Cari Henderson, assistant vice president and regional business development officer.

Wetherell Named Credit Analyst at South Atlantic Bank

Alex Wetherell Named Credit Analyst at South Atlantic BankMyrtle Beach, SC, June 17, 2014 – Alex L. Wetherell has joined South Atlantic Bank as an assistant vice president and credit analyst. He is based at the bank’s Myrtle Beach headquarters at 630 29th Avenue North. In his new role, Wetherell will be responsible for underwriting and loan review of various portions of the bank’s loan portfolio.

Wetherell began his banking career as a personal banker with Wachovia (now Wells Fargo) in July 2010. He joined TD Bank in February 2011 as a financial services representative and was named a commercial credit analyst there in July 2012. Wetherell is a graduate of Coastal Carolina University’s Wall College of Business with a B.S. degree in business administration and is currently enrolled in the M.B.A. degree program at The Citadel Graduate College. A native of Charlotte, North Carolina, he resides in Myrtle Beach.

South Atlantic Bank Honors Eight in Art Program

Myrtle Beach, South Carolina, May 20, 2014 – South Atlantic Bank recognized eight Myrtle Beach Elementary School students for artistic excellence during a reception held at the school on Thursday, May 8.

Check Presentation:  South Atlantic Bank presented Myrtle Beach Elementary School art teacher Janet Trupiano with a grant for art department programs. From left to right are: Scott Plyler, South Atlantic Bank president, Miss Trupiano; and Michelle Greene-Graham, Myrtle Beach Elementary School principal.Check Presentation: South Atlantic Bank presented Myrtle Beach Elementary School art teacher Janet Trupiano with a grant for art department programs. From left to right are: Scott Plyler, South Atlantic Bank president, Miss Trupiano; and Michelle Greene-Graham, Myrtle Beach Elementary School principal.

The students were honored for their depictions of the bank based on tours they had taken earlier this year. During the tours, nearly 700 Myrtle Beach Elementary School students saw banking in action at the bank’s main office at 630 29th Avenue North in Myrtle Beach. After the tours, all the students drew pictures of their experiences at the bank. Bank employees then voted on their favorite works of art with eight students receiving a cash award for their work. Scott Plyler, South Atlantic Bank president, presented the awards to the students with help from Michelle Greene-Graham and Kristie Hamilton, Myrtle Beach Elementary School principal and assistant principal, respectively. In addition to the student awards, Janet Trupiano, the Myrtle Beach Elementary School art teacher, received a grant from the bank for future art projects. The winners are:

Grade 2
1st Place: Mary Abdou
2nd Place: Mason Cox
3rd Place: Jerel Mention, Jr.
Honorable Mention: Zoey French

Grade 3
1st Place: Amy Romero
2nd Place: Megan Tindall
3rd Place: Morgan Lyons
Honorable Mention: Kaleb Sherman 

South Atlantic Bank Reports First Quarter Earnings

Myrtle Beach, South Carolina, April 21, 2014 – South Atlantic Bancshares, Inc., parent of South Atlantic Bank, today reported net income of $374,663 or $0.12 per diluted share for the three months ended March 31, 2014, an increase of 1.5% when compared to the $369,175 or $0.12 per diluted share reported for the same period a year ago. The bank’s performance in the first quarter continued its string of consecutive quarterly profits that began with the first quarter of 2011.

“The year is off to a good start,” said K. Wayne Wicker, South Atlantic Bank chairman and chief executive officer. “We maintained profitability while managing the expenses associated with our expansion efforts of late last year. During the fourth quarter 2013, we added locations in Georgetown and Mount Pleasant, and doubled the size of our mortgage department. We are seeing early signs of success from these new endeavors and we continue to leverage these investments to produce earnings.

“Plans are proceeding well for our new office in Pawleys Island to be located at the corner of Ocean Highway and Lachicotte Road. We expect to move from our existing office in Waverly Place to the new quarters in the fall of this year,” Wicker said.

Double digit growth was reported in the balance sheet. Total loans grew 17.3% during the first quarter, from $198.0 million at March 31, 2013 to $232.1 million at March 31, 2014. Total deposits grew 10.6%, from $269.7 million at March 31, 2013 to $298.4 million at March 31, 2014.

South Atlantic Bank’s credit quality remains strong with no net charge-offs for the three months ended March 31, 2014. Total assets grew 11.9%, from $295.6 million at March 31, 2013, to $330.7 million at March 31, 2014. The bank’s capital ratios continue to exceed regulatory requirements.

Click Here to View Financial Data

Rose Mary Hanna Joins South Atlantic Bank

March 18, 2014 – Rose Mary Hanna has joined South Atlantic Bank as a teller at the bank’s Myrtle Beach headquarters at 630 29th Avenue North.

Hanna brings 18 years of teller experience to her new post and most recently served as teller supervisor at CresCom Bank in Myrtle Beach. She is a native of Greenville, North Carolina, and has resided in Murrells Inlet, South Carolina for 15 years.

Sharon Vane Joins South Atlantic Bank

Myrtle Beach, SC, March 4, 2014 – Sharon Vane has joined South Atlantic Bank as a loan servicing specialist, working from its Myrtle Beach headquarters at 630 29th Avenue North. Vane has 24 years of business experience, including 13 years in banking. She most recently served BNC Bank in Myrtle Beach as a loan review specialist and loan operations assistant. A native of Brooklyn, New York, she has resided in Myrtle Beach for 15 years.

Danielle Martin-Ebert Joins South Atlantic Bank

Myrtle Beach, SC, February 25, 2014 – Danielle Martin-Ebert has joined South Atlantic Bank as a mortgage loan processor, working from its Myrtle Beach headquarters at 630 29th Avenue North. Martin-Ebert brings 16 years of mortgage experience to her new post at the bank. Prior to joining South Atlantic Bank, she worked as a mortgage loan processor for First Home Equity Loans. A native of Flemington, New Jersey, she has resided in Myrtle Beach for six years.

Alison Van Wagner Joins South Atlantic Bank

Myrtle Beach, SC, February 11, 2014 – Alison Van Wagner has joined South Atlantic Bank as a teller at its Murrells Inlet office at 11019 Tournament Boulevard.

Prior to joining South Atlantic Bank, Van Wagner served as a personal banker at First Federal in Murrells Inlet. She is a graduate of Coastal Carolina University with a B.A. degree in communications. Van Wagner is a member of the Myrtle Beach Adult Kickball League and a former member of GS Scene. A native of Athens, Tennessee, she has resided in Myrtle Beach for seven years.

South Atlantic Bank Announces Year-End Earnings

Myrtle Beach, South Carolina, February 7, 2014 – South Atlantic Bancshares, Inc., parent of South Atlantic Bank, today reported income before taxes of $2,091,822 for the year ended December 31, 2013, an increase of 23.5 percent when compared to the $1,693,273 reported a year ago. Net income for the year ended December 31, 2013, was $1,644,649 or $0.54 per diluted share. At year-end 2013, the bank marked its third consecutive yearly profit. 

“Our pleasing financial performance is directly attributed to our expansion efforts in Georgetown and Mount Pleasant, and the maturation of our existing offices,” said K. Wayne Wicker, chairman of the board and chief executive officer. “Loan growth at the new locations fueled the bank’s performance in the fourth quarter, providing a strong finish to the year. While start-up expenses associated with these new offices contributed to an increase in noninterest expense in 2013, these expenses are now becoming accretive to earnings. Our existing offices in Myrtle Beach, Murrells Inlet, and Pawleys Island, along with the merchant services and mortgage lines of business, also contributed to the year’s success. South Atlantic Bank is well positioned for a strong start to 2014,” he said.

Total deposits grew 10.1 percent, from $259.3 million reported at December 31, 2012, to $285.5 million at December 31, 2013. Total loans grew 14.8 percent during 2013, from $190.0 million at December 31, 2012 compared to $218.2 million at December 31, 2013.

Total assets grew 11.6 percent, from $285.0 million at December 31, 2012, to $318.0 million at December 31, 2013, and the bank’s capital ratios continue to exceed regulatory requirements. Credit quality, an important barometer of a bank’s financial health, has always been a primary focus at South Atlantic Bank. The bank’s ratio of net charge-offs to total average assets was 0.21 percent at December 31, 2013, which compares favorably to state and national figures.

Click Here to View Financial Data

Dola Brooks Joins South Atlantic Bank

Dola Brooks Myrtle Beach, SC, January 28, 2014 – Dola Brooks has joined South Atlantic Bank as a teller at its main office at 630 29th Avenue North in Myrtle Beach.

Brooks has more than 28 years of business experience and worked at First Citizens Bank as a teller for 10 years. She most recently worked at Brooks Brothers in Myrtle Beach as a sales associate. She is a native of Florence and has resided in Myrtle Beach for 25 years.  

 

South Atlantic Bank Promotes Nancy Pinner

Nancy Pinner

Myrtle Beach, SC, January 21, 2014 – Nancy C. Pinner has been promoted to teller supervisor at South Atlantic Bank’s Murrells Inlet office, located at the corner of Tournament Boulevard and Highway 17 Bypass.

Pinner has more than 11 years of teller experience, having served First Palmetto Savings Bank and Carolina First in that capacity before joining South Atlantic Bank in September 2011. She began her career as a legal secretary and court reporter in 1982. A native of Surfside Beach, Pinner now lives in Myrtle Beach. She is a graduate of Horry-Georgetown Technical College with an A.S. degree.

Karla Marion Promoted to Teller Supervisor at South Atlantic Bank

Myrtle Beach, South Carolina, January 7, 2014 – Karla Marion has been promoted to teller supervisor at South Atlantic Bank’s Main Office at 630 29th Avenue North in Myrtle Beach.

Marion has six years of business experience and joined South Atlantic Bank as a teller in May 2012. Prior to joining South Atlantic Bank, she served as a customer advisor for HTC in Murrells Inlet from 2007 to 2011, and was a customer service representative for SouthCoast Community Bank in Charleston from 2011 to 2012. She resides with her family in Myrtle Beach.