South Atlantic Bank Announces Entrance into Georgetown

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May 21, 2013, 11:26 ET

MYRTLE BEACH, S.C., May 21, 2013 /PRNewswire/ -- South Atlantic Bank today announced that it will open a loan production office at 1187 North Fraser Street in Georgetown, with plans for a full-service branch later this summer, pending regulatory approval. Danny Siau and Yvette Morgan, both career bankers with more than 45 years of combined experience in Georgetown, will lead the South Atlantic Bank team in this market. Siau will serve as senior vice president and Georgetown city executive. Morgan will serve as assistant vice president and loan specialist.

South Atlantic Bank has filed applications with the FDIC and the South Carolina State Board of Financial Institutions to open a full-service branch office and anticipates operations to begin within 90 days of the date of regulatory approval.

In making the announcement, South Atlantic Bank chairman of the board and chief executive officer Wayne Wicker said, "We are pleased to have the opportunity to serve the residents and businesses of Georgetown. We are equally as pleased to welcome veteran bankers Danny Siau and Yvette Morgan to our team. Danny and Yvette are a good fit for our bank because they understand our community banking philosophy and the importance of strong credit quality, sound banking practices, and exemplary customer service."

R. Scott Plyler, president, said, "We are looking forward to our expansion to Georgetown. Customers there will find that South Atlantic Bank provides all the high tech products offered by much larger banks, along with the customized, personal service that only a community bank can offer."

The loan production office will be South Atlantic Bank's second location in Georgetown County and fourth overall. The bank opened a full service branch at 10593 Ocean Highway in Pawleys Island in June 2012. In addition to its Myrtle Beach headquarters, the bank also operates a branch at 11019 Tournament Boulevard in Murrells Inlet.

Danny Siau most recently served TD Bank as vice president and senior commercial lender. Yvette Morgan served there as a loan assistant, providing commercial customer support.

About South Atlantic Bank
South Atlantic Bank is a $309.5 million financial institution that is locally owned, controlled, and operated. The bank is headquartered in Myrtle Beach, South Carolina and has additional locations in in Murrells Inlet and Pawleys Island, South Carolina. South Atlantic Bank recently earned its seventh consecutive 5-Star rating from BauerFinancial, Inc., a leading independent rating firm. South Atlantic Bank offers a wide variety of services for businesses and consumers, including internet banking, no-fee ATM access, checking, CD, and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. Its experienced team of bankers knows the Grand Strand market and is skilled in meeting the special needs of this coastal community. For more information, visit SouthAtlanticBank.com.

Contact:
Barbara W. Marshall, Vice President and Director of Marketing
[email protected]
(843) 839-4948

SOURCE South Atlantic Bank