June 23, 2022

Matt Hobert Joins South Atlantic Bank as Executive Vice President, Chief Financial Officer!

South Atlantic Bancshares, Inc. (OTCQX: SABK) announces that Matt Hobert has been named Executive Vice President, Chief Financial Officer.

Hobert will oversee the Accounting, Internal Audit, and Compliance teams. Matt earned a B.B.A. degree in Accounting and a Masters of Accountancy from the University of Georgia. He is a CPA and holds his Series 79 securities license and has nine years of financial experience.

About South Atlantic Bancshares, Inc.

South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina with $1.2 billion in total assets. The Company’s banking subsidiary, South Atlantic Bank, is a full service financial institution spanning the entire coastal area of South Carolina, and is locally owned, controlled and operated. The Bank operates 11 offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton and Hilton Head Island, South Carolina. The Bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, and treasury management, including South Atlantic Bank goMobile, the Bank’s mobile banking app. For more information, visit www.SouthAtlantic.bank.

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