#United States #Board of Directors #South Atlantic Bank #Jason Caskey #Myrtle Beach, South Carolina

Jason Caskey Joins the Board of Directors of South Atlantic Bancshares

On January 20, 2026, Jason Caskey was officially appointed to the Board of Directors of South Atlantic Bancshares, Inc. (OTCQX: SABK), the parent company of South Atlantic Bank. His appointment marks a significant addition to the board, particularly as he steps into the crucial role within the Audit Committee. Caskey's extensive background in financial management and community engagement is poised to drive the company’s strategic initiatives moving forward.

A Leader in Financial Services

Caskey has held prominent positions in the financial sector, most notably serving as the President and Chief Executive Officer of the University of South Carolina Foundations since 2018. In this role, he has overseen the USC Educational Foundation and the USC Development Foundation, where he brings invaluable insights as both CEO and an ex-officio board member. His professional journey spans over 28 years, mostly dedicated to audit and advisory services for financial institutions throughout the Southeastern United States.

Prior to his tenure at the USC Foundations, he was the Financial Services Practice Leader at Elliott Davis, LLC for twelve years. This experience has equipped him with the knowledge and skills to navigate complex financial landscapes, making him an asset to South Atlantic Bancshares.

Emphasis on Community and Governance

In addition to his leadership roles in the nonprofit sector, Caskey's involvement extends to the SC Student Loan Corporation where he serves as the Vice Chair of the Board of Directors and as Chair of the Audit Committee. His commitment to community service is evident through his active participation with organizations such as the United Way of the Midlands and the Central Carolina Community Foundation.

K. Wayne Wicker, Chairman and CEO of South Atlantic Bancshares, expressed enthusiasm regarding Caskey’s appointment, stating, "Jason brings extensive leadership experience in the financial and nonprofit sectors. His expertise in financial management and dedication to community development will be invaluable assets. We look forward to benefiting from his perspective and guidance as we grow the Company." This statement underscores the company's commitment to strategic growth and community involvement.

South Atlantic Bancshares Overview

South Atlantic Bancshares, Inc., based in Myrtle Beach, South Carolina, is a registered bank holding company with total assets amounting to approximately $1.9 billion, as of December 31, 2025. Its subsidiary, South Atlantic Bank, operates as a full-service financial institution catering to residents across the coastal areas of South Carolina. The bank is known for its personalized services that span a range of offerings, including consumer and commercial banking products, mortgage services, treasury management, and digital banking solutions such as the goMobile app.

With twelve locations spanning key cities like Myrtle Beach, Charleston, and Beaufort, South Atlantic Bank is well-positioned to address the financial needs of individuals and small businesses alike. The bank’s community-focused approach aims to foster growth and stability in its operational regions.

In conclusion, Jason Caskey's appointment to South Atlantic Bancshares' Board of Directors is expected to enhance the company's governance structure and drive its commitment to community service, financial integrity, and sustainability in a competitive market landscape. His deep-rooted experience and leadership signify the bank's ambition to navigate future challenges while fostering lasting relationships within the communities it serves.