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March 20, 2020

The Safest Place for Your Money

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 customers, and to help with your financial needs during these challenging times.

We will continue to ensure that you have access to your funds either directly or electronically. Remember that the safest place for your money is in the bank. Your funds are protected by the FDIC and since 1933, no depositor has lost a penny of FDIC insured funds. During these uncertain times, you can be certain your money is safe in the bank.

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South Atlantic Bank receives compensation from MML Investors Services (MMLIS) and its affiliates for referring clients to MMLIS and its representatives. MMLIS’s affiliates include Massachusetts Mutual Life Insurance Company (MassMutual), MML Bay State Life Insurance Company (MML Bay State), C.M. Life Insurance Company (CM Life) and MML Insurance Agency, LLC (MMLIA). As a result, South Atlantic Bank has an incentive to refer clients to MMLIS and its representatives.

For the products and services offered through MMLIS, South Atlantic Bank with receive 12% of the dealer concessions, commissions and advisory fees received by MMLIS. For products offered through MMLIA, South Atlantic Bank will receive a percentage (which will be determined at the time of purchase) of the compensation paid to the MMLIS representative. For all products offered by MassMutual, MML Bay State and CM Life, South Atlantic Bank will receive a percentage (which will be determined at the time of purchase) of the compensation paid to the MMLIS representative.

Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC., Member SIPC. Supervisory Office: 40 Calhoun Street, Suite 310, Charleston, SC 29401, Phone: 843-856-3411. South Atlantic Bank is not a subsidiary or affiliate of MML Investors Services and is not a current client. Local sales agencies are not subsidiaries of Massachusetts Mutual Life Insurance Company (MassMutual) or its affiliated companies.