South Atlantic Bancshares, Inc. names Jason Caskey to Board of Directors

South Atlantic Bancshares, Inc., parent of South Atlantic Bank, announced the appointment of Jason Caskey to its Board of Directors effective January 20, 2026. Caskey will be appointed to the Company’s Audit Committee.

Caskey has served as President and Chief Executive Officer of the University of South Carolina Foundations since 2018. He is the leader of the USC Educational Foundation and the USC Development Foundation, serving as CEO and ex-officio board member of both foundations. He is a certified public accountant and previously spent 28 years providing audit and advisory services to financial institutions across the Southeast. He served as Financial Services Practice Leader at Elliott Davis, LLC for 12 years before joining the Foundations.

Additionally, Caskey is Vice Chair of the Board of Directors, Chair of the Audit Committee, and a member of the Investment Committee of the SC Student Loan Corporation, as well as a member of the Board of Directors of the Midlands Business Leadership Group. Caskey has served in leadership roles with the United Way of the Midlands, Central Carolina Community Foundation, and Main Street District, among others.

About South Atlantic Bancshares, Inc.

South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina with approximately $1.9 billion in total assets as of December 31, 2025. The Company’s banking subsidiary, South Atlantic Bank, is a full-service financial institution spanning the entire coastal area of South Carolina, and is locally owned, controlled and operated. The Bank operates twelve locations in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, Summerville and Beaufort, South Carolina. The Bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, and treasury management, including South Atlantic Bank goMobile, the Bank’s mobile banking app. The Bank also offers internet banking, no-fee ATM access, checking, certificates of deposit and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. For more information, visit www.SouthAtlantic.bank.