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Posted 26 January, 2023

BANK OF SOUTH CAROLINA CORP appointed Eugene H. Walpole as new CEO

Nasdaq:BKSC appointed new Chief Executive Officer Eugene H. Walpole in a 8-K filed on 26 January, 2023.


  Effective October 1, 2023, Executive Vice President and Chief Financial Officer Eugene H. Walpole, IV will be promoted to the position of President and Chief Executive Officer of both the Company and the Bank.  

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Overview of BANK OF SOUTH CAROLINA CORP
Financial Services • Banking
Bank of South Carolina Corp. is a holding company, which engages in the provision of financial services. It offers personal and business banking services including checking, savings, certificates of deposits, health savings accounts, retirement accounts, loans, credit cards, safe deposit boxes, and internet banking. The company was founded on October 23, 1986 and is headquartered in Charleston, SC.
Market Cap
$66.2M
View Company Details
BANK OF SOUTH CAROLINA CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.


On January 26, 2023, Bank of South Carolina Corporation (the "Company") and the Company's wholly owned subsidiary, The Bank of South Carolina (the "Bank") announced that Fleetwood S. Hassell will begin preparing for his transition into retirement from his position as President and Chief Executive Officer of both the Company and the Bank. Mr. Hassell plans to retire on September 30, 2023. Mr. Hassell has been with the Bank since its organization in 1986 and has served as President & Chief Executive Officer since 2012. Mr. Hassell has served on the Board of Directors of the Bank and the Company since 2006 and will continue to do so after his retirement if reelected by the shareholders. Mr. Hassell's decision to retire from the Company and the Bank is the result of his decision to retire at the age of 64, and did not arise or result from any disagreement with the Company on any matters relating to the Company's operations, policies or practices.


Effective October 1, 2023, Executive Vice President and Chief Financial Officer Eugene H. Walpole, IV will be promoted to the position of President and Chief Executive Officer of both the Company and the Bank. Mr. Walpole, age 38, currently holds the position of Executive Vice President and Chief Financial Officer of both the Company and the Bank, a position that he has held since 2016. Mr. Walpole has been with the Bank since 2012. Mr. Walpole will continue to hold the position of Chief Financial Officer until a successor is named. Mr. Walpole does not have any family relationships with current members or nominees of the Board of Directors and there have been no related person transactions between Mr. Walpole and the Company that are reportable under Item 404(a) of Regulation S-K.


For further information, reference is made to the Company's press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.