Published Oct. 10, 2013
South Atlantic Bank, which is headquartered in Myrtle Beach, has opened a loan office on Queensborough Boulevard in Mount Pleasant.
“The Charleston market has long been of interest to us,” South Atlantic Bank Chairman and CEO K. Wayne Wicker said in a statement.
Ken Pickens will serve as senior vice president and regional executive at the lending office in Mount Pleasant. Pickens most recently served as senior vice president and senior lender at Tidelands Bank, which is headquartered in Mount Pleasant.
The bank was founded in November 2007 as the only financial institution held by South Atlantic Bancshares Inc., according to the Federal Deposit Insurance Corp. The FDIC reports the bank has total assets worth $326 million with deposits of more than $302 million as of June 30.
Along with Myrtle Beach and Mount Pleasant, South Atlantic Bank also has locations in Murrells Inlet, Pawleys Island and Georgetown, the FDIC shows. The bank was named a Roaring Twenties winner as one of the best-performing large companies in the state by SC Biz News in 2012 and 2013.