South Atlantic Bancshares, Inc. appointed Matthew H. Hobert as executive vice president. Hobert, who has nine years of financial experience, was previously director of investment banking at FIG Partners/Janney Montgomery Scott in Atlanta, Georgia. Richard N. Burch, executive vice president, will continue as chief operating officer and will work closely with the accounting team during the time of transition.

He will continue to lead the deposit operations, loan operations, information technology, and project management teams, as well as serve as the bank's information security officer. Based in Myrtle Beach, South Carolina with USD 1.2 billion in total assets, South Atlantic Bancshares, Inc. is a bank holding company and parent company of South Atlantic Bank. The full-service bank operates 11 offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton and Hilton Head Island, South Carolina.