South Atlantic Bancshares, Inc. reports third quarter 2020 earnings. To view the earnings release, download the PDF.
Learn More About Third Quarter 2020 Earnings
Can You Spot a Phishing Scam? Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers […]
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Download the PDF of South Atlantic Bank's second quarter 2020 earnings.
Learn More About 2nd Quarter 2020 Earnings
Myrtle Beach, South Carolina, April 21, 2020 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $1.3 million, or $0.17 per diluted share, for the quarter ended March 31, 2020, compared to $1.3 million, or $0.17 per diluted share, reported […]
Learn More About Earnings of 17 Cents Per Diluted Common Share For 2020 First Quarter
The IRS began sending out the early rounds of economic impact payments on April 11th via direct deposit. For most eligible taxpayers who filed returns in 2018 and 2019 and most seniors and retirees, payments are automatic and no action is required. The IRS plans to send a letter to the taxpayer’s last known address […]
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Stimulus check scams will be common as the government prepares to send out money. Do not respond to texts or emails about the checks or direct deposit payment. Remember, the government: Will not ask you to pay anything up front to get this money. No fees. No charges. Will not call and ask for your […]
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We have temporarily converted to drive-thru only service to protect the health of our customers and employees. This is a healthcare crisis not a financial crisis, and we are doing our part to contain the virus. We have changed our operating conditions to protect the community, but we stand ready, as always, to serve our […]
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With the spread of COVID-19, cyber criminals are ready to take advantage of the situation. Here are some reminders to keep yourself safe: South Atlantic Bank, the US government, or any legitimate company will NEVER call OR email you and ask you for your: social security number, personal bank account information, credit card information, or […]
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By using our Electronic Banking options, you can bank from home and access your accounts anytime. Online Banking transfers funds view account activity make loan payments issue stop payments pay your bills goMobile Banking App transfer funds check your account balances pay bills remote deposit report a card lost or stolen Telephone Banking 24/7 – […]
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To our customers and friends, We are updating you today regarding the measures we are taking at South Atlantic Bank considering the ever evolving COVID-19 environment. Our priorities remain, as always, to ensure the safety and well-being of our employees and the communities we serve, all while providing our standard exemplary customer service. After meeting […]
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The Grand Opening of our Towne Centre office scheduled for Thursday, March 19th has been postponed. A new date will be announced as soon as we are able to reschedule. The health and safety of our community is our top priority.
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Myrtle Beach, South Carolina, January 21, 2020 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $6.1 million, or $0.80 per diluted share, for the year ended December 31, 2019, compared to $3.5 million, or $0.47 per diluted share, reported […]
Learn More About Earnings of 80 Cents Per Diluted Common Share for 2019 Year-End
Myrtle Beach, South Carolina, October 15, 2019 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $4.8 million, or $0.63 per diluted share, for the nine months ended September 30, 2019, compared to $2.1 million, or $0.29 per diluted share, […]
Learn More About Third Quarter 2019 Earnings Reflect Continued Growth
Myrtle Beach, South Carolina, July 23, 2019 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $3.1 million, or $0.41 per diluted share, for the six months ended June 30, 2019, compared to $752 thousand, or $0.11 per diluted share, […]
Learn More About Mid-Year 2019 Earnings Grow 313 Percent
Myrtle Beach, South Carolina, April 23, 2019 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $1.3 million or $0.17 per diluted share for the three months ended March 31, 2019, compared to $801 thousand or $0.13 per diluted share reported for the same period […]
Learn More About First Quarter 2019 Earnings Grow 59 Percent
MYRTLE BEACH, SC, January 23, 2019 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX:SABK), announced today the results of its operations for the year ended December 31, 2018. Highlights include: Net operating return on average assets (a non-GAAP financial measure) of 0.80 percent for the year ended December 31, 2018, the best performance in Company […]
Learn More About Year-End Earnings 2018
MYRTLE BEACH, SC, October 23, 2018 — South Atlantic Bancshares, Inc. (“South Atlantic”) (OTCQX:SABK), announced today the results of its operations for the third quarter ended September 30, 2018. Financial Highlights Net operating return on average assets (non-GAAP) of 0.78 percent for the nine months ended September 30, 2018, the best performance in company history. Net interest […]
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MYRTLE BEACH, SC, July 25, 2018 — South Atlantic Bancshares, Inc. (“South Atlantic”) (OTCQX:SABK), announced today the results of its operations for the second quarter ended June 30, 2018. Financial Highlights Net operating return on average assets (non-GAAP) of 0.75 percent for the six months ending June 30, 2018, the best performance in company history. […]
Learn More About Mid-Year Earnings 2018
Myrtle Beach, South Carolina, April 16, 2018 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $801,345 or $0.12 per diluted share for the three months ended March 31, 2018, compared to $686,134 or $0.10 per diluted share reported for the same period a year […]
Learn More About First Quarter 2018 Earnings Grow 16.8 Percent
Myrtle Beach, South Carolina, April 2, 2018 – South Atlantic Bancshares, Inc. (OTCQX: SABK) (“South Atlantic”), parent of South Atlantic Bank, today announced the closing of its acquisition of Atlantic Bancshares, Inc. (OTCPink: ATBA) (“Atlantic Bancshares”), parent of Atlantic Community Bank, effective April 2, 2018. Atlantic Bancshares had assets of approximately $85 million. The acquisition expands South Atlantic’s […]
Learn More About Merger Complete of Atlantic Bancshares
Myrtle Beach, South Carolina, March 13, 2018 – South Atlantic Bancshares,Inc. (OTCQX: SABK) (“South Atlantic”), parent of South Atlantic Bank, today announced it has received regulatory approvals from the Federal Deposit Insurance Corporation and the South Carolina Board of Financial Institutions necessary to complete the previously announced merger with Atlantic Bancshares, Inc. (OTCPink: ATBA) (“Atlantic Bancshares”), […]
Learn More About Merger Receives Regulatory Approval
Myrtle Beach, South Carolina, January 30, 2018 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $3,414,260 for the year ended December 31, 2017, compared to $2,603,928 for the same period a year ago. These figures represent a 31.1 percent increase in net income. Financial […]
Learn More About Year-End 2017 Earnings Growth Caps 10th Anniversary Year
Myrtle Beach, South Carolina, January 25, 2018 –South Atlantic Bank announced the promotion of the following employees at the Myrtle Beach office: Michelle Coletta has been promoted to senior vice president and retail sales manager for the bank. Alison Van Wagner has been promoted to assistant vice president and branch manager of the Myrtle Beach office, and Katie […]
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