South Atlantic Bank Announces Entrance into Pawleys Island and Waccamaw Neck

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May 10, 2012, 12:23 ET

MYRTLE BEACH, S.C., May 10, 2012 /PRNewswire/ -- South Atlantic Bank today announced that it will open a loan production office in Pawleys Island at 10593 Ocean Highway, Unit B, on Monday, May 14. Drew Johnson and Donna Murphy, both career bankers with more than 40 years of combined experience in Pawleys Island, will lead the bank's team in this market. Drew will serve as senior vice president/Georgetown County executive and Donna will serve as vice president/retail business development officer.

In making the announcement, South Atlantic Bank chairman of the board and chief executive officer Wayne Wicker said, "Drew and Donna are veteran bankers who will be responsible for the establishment of our presence in Pawleys Island and the Waccamaw Neck, beginning with our loan production office. Applications have been filed with the FDIC and the South Carolina State Board of Financial Institutions to open a full-service branch office and we anticipate full-service branch operations to begin within 90 days," he said.

R. Scott Plyler, president, said, "We are pleased to have bankers of Drew and Donna's caliber on our staff. They are a good fit for South Atlantic Bank because they understand our community banking philosophy of strong credit quality, sound banking practices, and exemplary customer service, and they share our commitment to community and our passion for banking."

The loan production office will be South Atlantic Bank's second location in the South Strand. The bank currently operates a branch at 11019 Tournament Boulevard in Murrells Inlet in addition to its headquarters office in Myrtle Beach.

Drew Johnson most recently served Plantation Federal as president and Donna Murphy served there as a vice president.

About South Atlantic Bank
South Atlantic Bank is a $239.6 million financial institution that is locally owned, controlled, and operated. The bank is headquartered in Myrtle Beach, South Carolina and has a second location in Murrells Inlet, South Carolina. South Atlantic Bank recently earned its third 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