South Atlantic Bancshares to Acquire Eastover Investment Advisors
South Atlantic Bancshares, Inc. (SABK) has entered into an agreement to acquire Eastover Investment Advisors LLC, operating as Eastover Capital Management. The acquisition is designed to bolster the bank's wealth management capabilities and diversify its revenue streams by integrating Eastover's experienced financial advisory team. As of September 30, 2026, Eastover managed approximately $430 million in assets. Following the transaction, which is expected to close in the fourth quarter of 2026, Eastover will operate as a separate division within South Atlantic Bank. Will Mackey will continue to lead the team, expanding their services across the bank's existing market areas in North and South Carolina.
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