South Atlantic Bancshares Welcomes Jason Caskey to Board of Directors

South Atlantic Bancshares, Inc. Welcomes New Director, Enhancing Financial and Audit Expertise

MYRTLE BEACH, S.C. – January 26, 2026 – South Atlantic Bancshares, Inc. (OTCQX: SABK), the parent company of South Atlantic Bank, announced today the appointment of Jason Caskey to its Board of Directors, effective January 20, 2026. Caskey will also serve on the Company’s Audit Committee, a move that signals a strategic strengthening of the board’s financial oversight capabilities.

Caskey brings a wealth of experience from his tenure as President and Chief Executive Officer of the University of South Carolina Foundations since 2018, where he has led both the USC Educational Foundation and the USC Development Foundation. A certified public accountant, Caskey possesses a deep understanding of financial institutions, honed over 28 years in audit and advisory roles across the Southeast. His prior leadership as Financial Services Practice Leader at Elliott Davis, LLC for over a decade further underscores his expertise in navigating the complexities of the financial sector.

Beyond his foundational leadership roles, Caskey’s civic engagement and board experience are extensive. He currently serves as Vice Chair of the Board of Directors, Chair of the Audit Committee, and a member of the Investment Committee for the SC Student Loan Corporation. His involvement extends to the Midlands Business Leadership Group, the United Way of the Midlands, and the Central Carolina Community Foundation, demonstrating a commitment to community development alongside his financial acumen.

“Jason’s appointment to our board is a significant addition, bringing a robust combination of financial expertise and seasoned leadership,” said K. Wayne Wicker, Chairman and CEO of South Atlantic Bancshares, Inc. “His deep understanding of financial management, particularly within regulated industries, and his proven dedication to community building will be invaluable as we continue to execute our growth strategy and enhance our governance structures.”

There are no disclosed agreements, family relationships, or related party transactions between Caskey and South Atlantic Bancshares, Inc.

**About South Atlantic Bancshares, Inc.**

South Atlantic Bancshares, Inc., headquartered in Myrtle Beach, South Carolina, is a registered bank holding company with approximately $1.9 billion in total assets as of December 31, 2025. Its primary subsidiary, South Atlantic Bank, operates as a full-service community bank across South Carolina’s coastal region. The bank prides itself on personalized service for individuals, small businesses, and corporations, offering a comprehensive suite of banking products including commercial and consumer banking, mortgage services, treasury management, and digital banking solutions. South Atlantic Bank operates twelve branches across key South Carolina locations, including Myrtle Beach, Georgetown, Charleston, and Hilton Head Island.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to various risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, general economic conditions, interest rate fluctuations, competitive pressures, regulatory changes, technological advancements, and geopolitical events. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this release.

**Investor Information**

South Atlantic Bancshares, Inc. makes available important investor information, including annual reports and press releases, on its website at www.southatlantic.bank/about-us/investor-relations. Additional information can be found on the OTC Markets Group website at www.otcmarkets.com/stock/SABK/overview. Investors are encouraged to monitor these resources for the latest company updates.