South Atlantic Bancshares, Inc. Names Jason Caskey to Board of Directors

South Atlantic Bancshares, Inc. (OTCQX: SABK), parent of South Atlantic Bank, is pleased to announce the appointment of Jason Caskey to its board of directors effective January 20, 2026. Caskey will be appointed to the Company's Audit Committee.

Caskey has served as president and chief executive officer of the University of South Carolina Foundations since 2018. He is the leader of the USC Educational Foundation and the USC Development Foundation, serving as CEO and ex-officio board member of both foundations. He is a certified public accountant and previously spent 28 years providing audit and advisory services to financial institutions across the Southeast. He served as Financial Services Practice Leader at Elliott Davis, LLC for 12 years before joining the Foundations.

Additionally, Caskey is vice chair of the board of directors, chair of the Audit Committee, and a member of the Investment Committee of the SC Student Loan Corporation, as well as a member of the board of directors of the Midlands Business Leadership Group. Caskey has served in leadership roles with the United Way of the Midlands, Central Carolina Community Foundation, and Main Street District, among others.

"Jason brings extensive leadership experience in the financial and nonprofit sectors. His expertise in financial management and dedication to community development will be valuable assets. We look forward to benefiting from his perspective and guidance as we grow the Company," remarked K. Wayne Wicker, Chairman and CEO.

There are no agreements between Caskey and the Company, nor are there any family relationships or related party transactions between Caskey and the Company.