South Atlantic Bancshares, Inc. and South Atlantic Bank Announces Departure of Richard N. Burch, Executive Vice President and Chief Operations Officer
August 19, 2022 at 07:07 pm EDT
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South Atlantic Bancshares, Inc, parent of South Atlantic Bank (the Bank), announced a change in the Bank's management team. Richard N. "Dick" Burch, Executive Vice President and Chief Operations Officer (COO), announced his departure from the organization, effective July 27, 2022. Mr. Burch has also resigned from the Boards of Directors of the Company and the Bank.
South Atlantic Bancshares, Inc. is a bank holding company. The Companyâs banking subsidiary is South Atlantic Bank (Bank). The Bank is a state-chartered commercial bank, and its deposits are insured by the Federal Deposit Insurance Corporation. The principal business activity of the Bank is to provide banking services to domestic markets, principally in Horry, Georgetown, Charleston, and Beaufort counties, South Carolina. It offers loans, including commercial, commercial real estate, consumer and consumer real estate loans. Its deposits include noninterest-bearing transaction accounts, interest-bearing transaction accounts, savings and money market accounts and time deposits. Its personal banking includes checking and money market, savings, and loans and lines of credit. Its mortgage products include mortgage loans, fixed-rate mortgages, adjustable-rate mortgages, and others.
SOUTH ATLANTIC BANCSHARES, INC. 
