CHARLESTON, S.C., Jan. 26,
2023 /PRNewswire/ -- Today, the Bank of South
Carolina Corporation (Nasdaq: BKSC) announced that Fleetwood S. Hassell plans to retire as
President & Chief Executive Officer of the Company and its
subsidiary, The Bank of South
Carolina, on September 30,
2023. Mr. Hassell will continue to serve on the Board of
Directors of both the Company and the Bank after his
retirement. The Board of Directors of the Company and the
Bank have elected Eugene H. Walpole,
IV, the current Executive Vice President & Chief
Financial Officer, to succeed Mr. Hassell as President & Chief
Executive Officer of the Company and the Bank effective
October 1, 2023.
Mr. Hassell started with the Bank in 1986 as a founding officer
and has held a number of leadership positions, most recently as
President & Chief Executive Officer since 2012. He has
provided vision and steady leadership throughout his tenure, having
served his community and the banking industry for over 40
years.
Mr. Walpole has served as Executive Vice President & Chief
Financial Officer of the Company and the Bank since 2016.
Previously, Mr. Walpole served in various positions with the Bank
since 2012. Before joining the Bank, Mr. Walpole worked at
Elliott Davis, LLC in their financial services audit practice from
2008 to 2012.
Hugh C. Lane, Jr., Chairman,
stated, "Today's announcement is the culmination of a well-planned
and thorough process on the part of the Board and Fleetwood to
ensure experienced leadership continues for the Company and the
Bank. I have worked with Fleetwood his entire career and
appreciate the contributions he has made to our employees,
customers, and shareholders. Fleetwood will remain on the
Board of Directors, but his daily presence at the Bank will be
missed."
Fleetwood S. Hassell, President
& Chief Executive Officer, stated, "It has been a privilege to
serve the Company and the Bank over the last 36 years. I strongly
believe in the role our bank plays in the community as a connector,
collaborator, catalyst, and contributor. Gene and I have worked
together for over ten years, and he has played a significant role
in the execution of our strategic plan. I am confident he
will provide sound leadership for both the Company and the Bank
that will allow for our continued growth and success."
About Bank of South Carolina Corporation
The Bank of South Carolina Corporation is the holding company of
The Bank of South Carolina (the
"Bank"). The Bank is a South Carolina
state-chartered bank with offices in Charleston, North
Charleston, Summerville,
Mt. Pleasant, and the West Ashley
community and has been in continuous operation since 1987. A sixth
office at 1730 Maybank Highway on James
Island is anticipated to open in the second quarter of 2023.
Our website is www.banksc.com. Bank of South Carolina Corporation
currently trades its common stock on the NASDAQ stock market under
the symbol "BKSC".
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SOURCE Bank of South Carolina Corporation