South Atlantic Bank is a bank based in Myrtle Beach, South Carolina, established in 2007, with $1.9 billion in total assets across 12 branches. By Trust Grade it ranks 27th of 44 banks we track in South Carolina. Its capital ratio of 8.6% trails most similarly sized banks (17th percentile), versus a South Carolina median of 9.8%. It was profitable over the most recent period, with a 1.05% return on assets. No consumer complaints against South Atlantic Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How South Atlantic Bank compares to South Carolina peers
How we graded South Atlantic Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.6% capital ratio)
- Strongly profitable (ROA 1.05%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for South Atlantic Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (12)
- 1 Sheridan Park Cir, Bluffton, SC 29910
- 630 29th Ave N, Myrtle Beach, SC 29577
- 11019 Tournament Blvd, Murrells Inlet, SC 29576
- 10970 Ocean Hwy, Pawleys Island, SC 29585
- 1187 N Fraser St, Georgetown, SC 29440
- 1801 Highway 17 S, North Myrtle Beach, SC 29582
- 40 Calhoun St, Charleston, SC 29401
- 930 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
- 3990 River Oaks Dr, Myrtle Beach, SC 29579
- 81 N Main St, Hilton Head Island, SC 29926
- 37 Robert Smalls Pkwy, Beaufort, SC 29906
- 2444 N Main St, Summerville, SC 29486
Are deposits at South Atlantic Bank insured?
Yes. South Atlantic Bank is an FDIC-insured bank (FDIC certificate #58689). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
South Atlantic Bank: frequently asked questions
Is South Atlantic Bank a good bank?
South Atlantic Bank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (8.6% capital ratio); Strongly profitable (ROA 1.05%).
Is South Atlantic Bank FDIC-insured?
Yes. South Atlantic Bank is a FDIC-insured bank (FDIC certificate #58689). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is South Atlantic Bank?
South Atlantic Bank holds $1.9 billion in total assets, ranking 27th of 44 banks we track in South Carolina. It operates 12 branches.
Does South Atlantic Bank have CFPB complaints?
No CFPB complaints against South Atlantic Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
