Mergers

Merger Complete of Atlantic Bancshares

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 […]

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Merger Receives Regulatory Approval

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”), […]

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