South Atlantic Bank Named One of "America's Best Regional Banks and Credit Unions 2024" by Newsweek

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South Atlantic Bank (SABK) has been recognized as one of 'America's Best Regional Banks and Credit Unions 2024' by Newsweek, based on a study of over 9,000 regional banks in the US. The bank was awarded a five-star rating for its profitability, financial relevance, risk exposure, and overall health and stability. Chairman and CEO K. Wayne Wicker expressed gratitude for the recognition and emphasized the bank's focus on meeting the unique financial needs of coastal communities in South Carolina.

MYRTLE BEACH, S.C., Jan. 18, 2024 /PRNewswire/ -- South Atlantic Bank (OTCQX: SABK), was recognized as one of "America's Best Regional Banks and Credit Unions 2024" by Newsweek. The study analyzed all regional banks in the United States, more than 9,000 institutions, and awarded only the top 250 banks.

The study criteria included profitability, financial relevance, risk exposure, and overall health and stability of the financial institution. South Atlantic Bank received a five-star rating.

"We are honored to be recognized as one of America's best banks. Our focus on meeting the unique financial needs of the coastal communities of South Carolina and supporting our customers with personalized service has fueled our success. Our team looks forward to growing our footprint along the Carolina coast," said K. Wayne Wicker, Chairman and CEO of South Atlantic Bank.

About South Atlantic Bancshares, Inc.

South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina with over $1.6 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 twelve offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Beaufort, 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, treasury management. The Bank also offers digital banking, no-fee ATM access, checking, CD and money market accounts, merchant services, mortgage loans, remote deposit capture, and more.  For more information, visit www.SouthAtlantic.bank. 

Contacts:  K. Wayne Wicker, Chairman & CEO, 843-839-4410

 

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SOURCE South Atlantic Bank

FAQ

What is the ticker symbol for South Atlantic Bank?

The ticker symbol for South Atlantic Bank is SABK.

How was South Atlantic Bank recognized in 2024?

South Atlantic Bank was recognized as one of 'America's Best Regional Banks and Credit Unions 2024' by Newsweek.

What criteria were used to analyze the regional banks?

The study criteria included profitability, financial relevance, risk exposure, and overall health and stability of the financial institution.

How many banks were awarded in the study?

Only the top 250 banks out of over 9,000 regional banks in the US were awarded.

Who is the Chairman and CEO of South Atlantic Bank?

K. Wayne Wicker is the Chairman and CEO of South Atlantic Bank.

What did K. Wayne Wicker emphasize in response to the recognition?

K. Wayne Wicker emphasized the bank's focus on meeting the unique financial needs of coastal communities in South Carolina.