Bank of South Carolina Named to List of Top 100 Publicly Traded Community Banks

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The Bank of South Carolina (OTCQX: BKSC) has been named to American Banker magazine's list of the top 100 publicly traded community banks with assets under $2 billion. Ranked 88th, it is the only South Carolina bank on this year's list, which was published on June 10, 2024.

The ranking, developed by Capital Performance Group, is based on three-year average return on equity from 2021 to 2023. Out of 361 eligible institutions, BKSC secured its spot among the top performers.

President & CEO Eugene H. Walpole, IV expressed pride in the recognition, attributing it to the team's dedication and customer trust. He emphasized the bank's commitment to a relationship-centered model, focusing on responsiveness, attention to detail, and personalized service.

CHARLESTON, S.C., July 18, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC), parent company for The Bank of South Carolina, announced that the Bank has been included in American Banker magazine's annual ranking of the nation's top 100 publicly traded community banks with assets under $2 billion.

Ranked 88^th out of the top 100 banks, The Bank of South Carolina is the only South Carolina bank included in this year's list, which appeared in American Banker on June 10, 2024. The ranking was developed by Washington, DC-based consulting firm Capital Performance Group using three-year average return on equity and covering the period from 2021 to 2023. There were 361 institutions that met the criteria for consideration this year.

"We are exceedingly proud to, once again, be recognized by American Banker as one of the top-performing community banks in the country," said President & CEO, Eugene H. Walpole, IV. "This recognition is a testament to the hard work and dedication of our entire team, as well as the trust placed in us by our customers and shareholders. Since the Bank's inception, we have remained steadfastly committed to a model and culture that is centered on relationships – not transactions. Our aim is to deliver best-in-class responsiveness, attention to detail, and personalized service to our loyal customers throughout the communities we serve."

About Bank of South Carolina Corporation
The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered financial institution with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the OTCQX® Best Market under the symbol "BKSC".

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SOURCE BANK OF SOUTH CAROLINA

FAQ

What ranking did Bank of South Carolina (BKSC) receive in American Banker's top 100 community banks list?

Bank of South Carolina (BKSC) ranked 88th in American Banker's list of top 100 publicly traded community banks with assets under $2 billion.

When was the American Banker's top 100 community banks list published featuring BKSC?

The list featuring Bank of South Carolina (BKSC) was published in American Banker magazine on June 10, 2024.

What criteria were used to rank BKSC in the top 100 community banks list?

The ranking was based on three-year average return on equity, covering the period from 2021 to 2023, as developed by Capital Performance Group.

How many banks were considered for the American Banker's top 100 list that included BKSC?

361 institutions met the criteria for consideration in the American Banker's top 100 list that included Bank of South Carolina (BKSC).

What unique distinction does BKSC hold in the American Banker's top 100 community banks list?

Bank of South Carolina (BKSC) is the only South Carolina bank included in this year's list of top 100 publicly traded community banks.