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South Atlantic Bank to acquire Eastover Advisors

PRIVATEOct 28, 2026

Acquiring Company

South Atlantic Bancshares

Acquired Company

Eastover Investment Advisors

Myrtle BeachCharlotteFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceVenture CapitalAngel Investment

Description

South Atlantic Bancshares, Inc. has announced an agreement to acquire Eastover Investment Advisors LLC. This acquisition aims to enhance South Atlantic Bank's wealth management capabilities, furthering its growth strategy. The deal is expected to close in Q4 2026, subject to customary conditions.

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Company Information

Company

South Atlantic Bancshares

Location

Myrtle Beach, South Carolina, United States

About

South Atlantic Bancshares, Inc. is a registered bank holding company with approximately $2.0 billion in total assets. It operates a full-service financial institution serving the coastal area of South Carolina through personalized banking services. The company provides a range of banking products including mortgage and treasury management services.

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Frequently asked

Who acquired Eastover Investment Advisors?

Eastover Investment Advisors was acquired by South Atlantic Bancshares, based in Myrtle Beach. The deal was reported on October 28, 2026. South Atlantic Bancshares, Inc. is a registered bank holding company with approximately $2.0 billion in total assets. South Atlantic Bancshares is privately held and operates in Financial Services.

When did South Atlantic Bancshares acquire Eastover Investment Advisors?

South Atlantic Bancshares's acquisition of Eastover Investment Advisors was reported on October 28, 2026. South Atlantic Bancshares, Inc. has announced an agreement to acquire Eastover Investment Advisors LLC. This acquisition aims to enhance South Atlantic Bank's wealth management capabilities, furthering its growth strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eastover Investment Advisors do?

Eastover Investment Advisors LLC, doing business as Eastover Capital Management, is a registered investment advisor that offers active portfolio management for individual clients. It is privately held, operating in Financial Services, and is based in Charlotte.

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