• South Atlantic Bank, a South Atlantic Bancshares subsidiary, has agreed to acquire Eastover Capital Management to expand its wealth management services.
• Charlotte-based Eastover had approximately $430 million in assets under management as of September 30, 2026.
• Will Mackey will continue leading Eastover as a separate bank division, expanding across the bank's markets.
• The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Atlantic Bancshares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610281601PR_NEWS_USPR_____CL83594) on October 28, 2026, and is solely responsible for the information contained therein.