Myrtle Beach, South Carolina, October 1, 2015 – South Atlantic Bancshares, Inc. (OTCQX: SABK), parent of South Atlantic Bank, announces that the company’s common stock will begin trading, effective today, on the OTCQX® Best Market, under the ticker symbol “SABK”.
In making the announcement, K. Wayne Wicker, South Atlantic Bancshares chairman of the board and chief executive officer, stated, “The OTCQX is a great fit for our company because it will improve our visibility to investors interested in high-performing community banks, while providing a source of liquidity to our current shareholders. In the eight years since our company’s formation, we have expanded to six locations along the South Carolina coast and generated improved market share and profitability, making the time right to bring our company’s story to the forefront.”
“We are proud to welcome South Atlantic Bancshares to our growing family of OTCQX companies,” said R. Cromwell Coulson, President and CEO of OTC Markets Group. “Trading on OTCQX will provide South Atlantic an efficient, transparent public trading market for its shareholders as well as a platform to grow its visibility and exposure in the market. We look forward to supporting South Atlantic in its continued evolution as a publicly-traded company.”
Investors can find current financial disclosures and Real-Time Level 2 quotes for South Atlantic Bancshares, Inc. by visiting www.otcmarkets.com and entering the symbol SABK.
FIG Partners, an employee-owned broker/dealer specializing in financial institutions, serves as the company’s corporate broker on OTCQX. For more information, investors can contact their broker Mike Acampora from FIG Partners at 904-354-0441 or email@example.com.