Atlantic Bank

South Atlantic Bancshares, Inc. Declares Cash Dividend

Retrieved on: 
Monday, February 5, 2024
Bank, Atlantic Bank, Holding company

MYRTLE BEACH, S.C., Feb. 5, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), the parent of South Atlantic Bank (the "Bank"), announced that its Board of Directors has declared a cash dividend of $0.10 per share on its common stock.

Key Points: 
  • MYRTLE BEACH, S.C., Feb. 5, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), the parent of South Atlantic Bank (the "Bank"), announced that its Board of Directors has declared a cash dividend of $0.10 per share on its common stock.
  • The dividend will be payable on February 28, 2024 to shareholders of record as of the close of business on February 14, 2024.
  • Commenting on the dividend, K. Wayne Wicker, the Company's Chairman and Chief Executive Officer, remarked, "2023 was a challenging year for the banking industry.
  • We are excited to announce our second consecutive cash dividend following our inaugural cash dividend payment in the first quarter of 2023.

South Atlantic Bank Named One of "America's Best Regional Banks and Credit Unions 2024" by Newsweek

Retrieved on: 
Thursday, January 18, 2024
OTCQX, Newsweek, Credit, Overalls, Health, Atlantic Bank, Cryptocurrency

MYRTLE BEACH, S.C., Jan. 18, 2024 /PRNewswire/ -- South Atlantic Bank (OTCQX: SABK), was recognized as one of "America's Best Regional Banks and Credit Unions 2024" by Newsweek .

Key Points: 
  • MYRTLE BEACH, S.C., Jan. 18, 2024 /PRNewswire/ -- South Atlantic Bank (OTCQX: SABK), was recognized as one of "America's Best Regional Banks and Credit Unions 2024" by Newsweek .
  • The study analyzed all regional banks in the United States, more than 9,000 institutions, and awarded only the top 250 banks.
  • "We are honored to be recognized as one of America's best banks.
  • Our team looks forward to growing our footprint along the Carolina coast," said K. Wayne Wicker, Chairman and CEO of South Atlantic Bank.

Nancy Papaioannou joins the Alma Bank team as Senior Advisor

Retrieved on: 
Tuesday, February 28, 2023
Knowledge, Marymount Manhattan College, Report, Community Bank, Archbishop Iakovos of America, New York Community Bank, Senior, Woman, Atlantic Bank, Business, Bank, Chairperson, ISLAND, Commerce, Hellenic, Management, Drug, Accounting

LONG ISLAND CITY, N.Y., Feb. 28, 2023 /PRNewswire/ -- Alma Bank (the "Bank") is pleased to announce the appointment of Nancy Papaioannou as Senior Advisor.

Key Points: 
  • LONG ISLAND CITY, N.Y., Feb. 28, 2023 /PRNewswire/ -- Alma Bank (the "Bank") is pleased to announce the appointment of Nancy Papaioannou as Senior Advisor.
  • Ms. Papaioannou is a widely respected community bank leader who, most recently, served as President of The Atlantic Bank Division of New York Community Bank.
  • Ms. Papaioannou comes to Alma Bank with over 40 years of banking experience in the United States and Greece, including 8+ years as the first Greek American woman President of Atlantic Bank.
  • Ms. Papaioannou holds a Bachelor of Arts degree in Accounting and Business Management from Marymount Manhattan College.

South Atlantic Bancshares, Inc. Declares First Cash Dividend

Retrieved on: 
Thursday, January 19, 2023
Bank, Growth, Atlantic Bank, Holding company

MYRTLE BEACH, S.C., Jan. 19, 2023 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), announced that its Board of Directors has declared its first cash dividend of $0.10 per share on its common stock.

Key Points: 
  • MYRTLE BEACH, S.C., Jan. 19, 2023 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), announced that its Board of Directors has declared its first cash dividend of $0.10 per share on its common stock.
  • Commenting on the dividend, K. Wayne Wicker, the Company's Chairman and Chief Executive Officer, remarked, "The payment of South Atlantic's first cash dividend marks an important milestone in the evolution of our Company.
  • While South Atlantic has previously paid three stock dividends in our Company's history, we are pleased to offer to our shareholders who have supported our growth over the years a cash dividend in celebration of our 15th anniversary.
  • We feel that now is an appropriate time to provide our shareholders with a return on their investment through this cash dividend.

South Atlantic Bancshares, Inc. Names Minter Chief Operating Officer

Retrieved on: 
Tuesday, January 10, 2023
Minter, Growth, Atlantic Bank, Mortgage Bankers Association, Carolinas, Management, Virginia Tech
Key Points: 
  • MYRTLE BEACH, S.C., Jan. 4, 2023 /PRNewswire/ -- South Atlantic Bancshares, Inc. (the "Company")(OTCQX: SABK), parent of South Atlantic Bank, is pleased to announce Travis A. Minter has been named chief operating officer for the Company.
  • Minter, an executive vice president, has 25 years of experience in the financial services industry.
  • That includes 10 years at South Atlantic Bank, where he most recently served as chief banking officer.
  • He previously served as chairman of the South Carolina Bankers Association's Mortgage Banking Committee and as president of the Mortgage Bankers Association of the Carolinas.

Finosec's User Access Reporting Solution Supports 100+ Financial Systems

Retrieved on: 
Tuesday, November 8, 2022
Review, Information technology, Risk, CEO, Atlantic Bank, Time, Audit, Online shopping

ALPHARETTA, Ga., Nov. 8, 2022 /PRNewswire/ --Finosec announced that the user access reporting process no longer needs to be labor intensive or complicated, thanks to their User Access Reporting solution.

Key Points: 
  • ALPHARETTA, Ga., Nov. 8, 2022 /PRNewswire/ --Finosec announced that the user access reporting process no longer needs to be labor intensive or complicated, thanks to their User Access Reporting solution.
  • The Finosec solution operates smoothly in tandem with financial institutions and supports more than 100 financial systems and has reviewed more than 11 million user permissions.
  • For financial institutions, user access reviews are a periodic audit of existing access rights in their organization meant to remove unnecessary and outdated permissions.
  • Kimberly West, director of information technology at South Atlantic Bank, said "Before implementing user access reporting with Finosec, our team performed manual reviews of access rights in our financial systems.

NEW YORK COMMUNITY BANCORP, INC. RECEIVES FINAL REGULATORY APPROVAL FOR THE ACQUISITION OF FLAGSTAR BANCORP, INC.

Retrieved on: 
Monday, November 7, 2022
Leadership, Flagstar Bank, Company, FSB, Private Securities Litigation Reform Act, Growth, Risk, FBC, FRB, Comptroller, Currency, Community Bank, SIX Financial Information, NYCB, Roslyn Savings Bank Building, NYSE, New York Community Bank, Queens County Savings Bank, Accounting, Small business, CEO, Securities Act of 1933, SEC filing, Annual report, U.S. Securities and Exchange Commission, Blake Paulson, Federal Reserve Board of Governors, Forward-looking statement, Acquisition, AmTrust Bank, Goal, Greater Community Bancorp, Atlantic Bank, SEC, Securities Exchange Act of 1934, Bank, Financial services, Risk management, Flagstar, TROY

and to merge New York Community Bank into Flagstar Bank, N.A.

Key Points: 
  • and to merge New York Community Bank into Flagstar Bank, N.A.
  • With the FRB approval, no further regulatory approvals are required to complete the acquisition.
  • The Company will continue to be known as New York Community Bancorp, Inc. and trade under the "NYCB" ticker symbol.
  • About New York Community Bancorp, Inc.
    Based in Hicksville, N.Y., New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.

NEW YORK COMMUNITY BANCORP, INC. TO REPORT THIRD QUARTER 2022 EARNINGS AND HOST CONFERENCE CALL ON OCTOBER 26TH

Retrieved on: 
Wednesday, October 5, 2022
Greater Community Bancorp, Growth, AmTrust Bank, Queens County Savings Bank, Company, New York Community Bank, Atlantic Bank, Roslyn Savings Bank Building, Community Bank, Bank

About New York Community Bancorp, Inc.

Key Points: 
  • About New York Community Bancorp, Inc.
    Based in Hicksville, N.Y., New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.
  • At June30, 2022, the Company reported assets of $63.1 billion, loans of $48.5 billion, deposits of $41.2 billion, and stockholders' equity of $6.8 billion.
  • Reflecting our growth through a series of acquisitions, the Company operates 237 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.

Wicker Elected to American Bankers Association Board of Directors

Retrieved on: 
Tuesday, October 4, 2022
South Carolina Air National Guard, Association, ABA, Wicker, CEO, American Bankers Association, Multimedia, Air National Guard, Louisiana State University, Treasury, Gulf War, Atlantic Bank, OTCQX, University, Graduate school, Company, Bank, Property management, Citadel

MYRTLE BEACH, S.C., Oct. 4, 2022 /PRNewswire/ --K. Wayne Wicker, chairman and CEO of South Atlantic Bank, was elected today to serve on the American Bankers Association (ABA) board of directors.

Key Points: 
  • MYRTLE BEACH, S.C., Oct. 4, 2022 /PRNewswire/ --K. Wayne Wicker, chairman and CEO of South Atlantic Bank, was elected today to serve on the American Bankers Association (ABA) board of directors.
  • Members attending the ABA annual convention elected new ABA officers and directors for the 2022-2023 association year.
  • "I congratulate our newly elected officers and board members who will play an essential role in leading ABA's work on behalf America's banks over the next year," said Rob Nichols, ABA president and CEO.
  • He serves on the South Carolina State Board of Financial Institutionsand as immediate past chairman of the South Carolina Bankers Association.

Wicker Nominated to American Bankers Association Board of Directors

Retrieved on: 
Friday, August 26, 2022
University, American Bankers Association, CEO, Graduate school, ATM, Air National Guard, CD, Louisiana State University, OTCQX, Atlantic Bank, Treasury, Wicker, South Carolina Air National Guard, Multimedia, Human, Gulf War, Company, Internet, Association, Bank, Industry, ABA, Citadel

MYRTLE BEACH, S.C., Aug. 26, 2022 /PRNewswire/ -- South Atlantic Bank is proud to announce that K. Wayne Wicker, chairman and CEO, has been nominated to serve on the American Bankers Association (ABA) board of directors.

Key Points: 
  • MYRTLE BEACH, S.C., Aug. 26, 2022 /PRNewswire/ -- South Atlantic Bank is proud to announce that K. Wayne Wicker, chairman and CEO, has been nominated to serve on the American Bankers Association (ABA) board of directors.
  • The ABA board of directors is made up of 20 bankers from across the country, and Wicker is one of six new directors to be nominated this year.
  • It has been decades since a South Carolina banker served on this national board.
  • He serves on the South Carolina State Board of Financial Institutionsand as immediate past chairman of the South Carolina Bankers Association.