South Atlantic Bancshares Announces Partnership with Affluence Financial Group
Myrtle Beach, South Carolina, October 16, 2017 – South Atlantic Bancshares, Inc. (OTCQX:SABK), parent company of South Atlantic Bank, announced a joint partnership agreement with Affluence Financial Group, a Charleston based wealth management and financial services company, to form the South Atlantic Financial Group.
South Atlantic Bank customers now have access to a wide array of financial products and services including life and disability income insurance, annuities, and investment products. The South Atlantic Financial Group partnership is a key component of the bank’s growth initiatives.
“The addition of a wealth management division is a logical next step for South Atlantic Bank as we look to expand our services menu. Affluence’s success in holistic wealth management will not only benefit our customers, but will also provide additional revenue stream. We are fortunate to have found a company that readily fits our culture, and
we’re glad to have them as part of the South Atlantic family,” said K. Wayne Wicker, chairman of the board and chief executive officer of South Atlantic Bancshares.
Financial service representatives Clark Ullom, Sidney Copleston, Jesse Lempesis and Alex Mitchum are a closeknit team that collaborates to solve the complex financial issues facing business owners, families and individuals. Using a holistic approach, they focus not only on asset growth, but also on asset protection and risk management.
Mitchum will serve as a liaison with South Atlantic Bank’s seven offices in the Grand Strand area and Charleston. He has his life and health insurance licenses in North Carolina, South Carolina and Georgia and currently
securities registered in South Carolina holding 6 and 63 licenses.