January 19, 2017 7:04 PM ET


Company Overview of Horry County State Bank

Company Overview

Horry County State Bank provides personal and business banking products and services in South Carolina. The company offers checking, savings, Christmas club, money market, and individual retirement accounts; and certificate of deposits. It also provides credit reserve, lot, home equity lines of credit, personal, agricultural, acquisition and development, credit lines, and small business administration loans; credit and debit cards; online banking and bill payment services; and cash management and merchant services. The company was founded in 1987 and is based in Loris, South Carolina. Horry County State Bank operates as a subsidiary of HCSB Financial Corp.

5201 Broad Street

Loris, SC 29569

United States

Founded in 1987





Key Executives for Horry County State Bank

Chief Executive Officer, Director, Chief Executive Officer of HCSB Financial Corporation and Director of HCSB Financial Corporation
Age: 60
Chief Financial Officer and Senior Vice President
Age: 40
Chief Operating Officer and Executive Vice President
Age: 58
Executive Vice President
Age: 60
Compensation as of Fiscal Year 2016.

Horry County State Bank Key Developments

Jennifer W. Harris Joins Horry County State Bank as Senior Vice President and Chief Financial Officer

Horry County State Bank announced the addition of Jennifer W. Harris as Senior Vice President and Chief Financial Officer. Harris will oversee all financial matters for the Bank. Most recently, Harris served as VP Senior Accountant SEC Reporting of Park Sterling Bank in Charlotte, North Carolina, from September 2014 to May 2016.

HCSB Financial Corp. and Horry County State Bank Announces Resignation of James Clarkson as Consultant, Effective June 30, 2016

James Clarkson resigned from HCSB Financial Corp. and unit Horry County State Bank, effective June 30. He had been slated to serve as consultant for the bank but Clarkson terminated that agreement. James Clarkson on June 20 resigned from Loris, S.C.-based HCSB Financial Corp. and unit Horry County State Bank, effective June 30. Clarkson is the former president and CEO of the company and the bank. Clarkson had announced his retirement in March amidst plans for a private placement at the company. He was to serve as the bank's consultant July 1. Clarkson had been assisting Jan Hollar, the new CEO of the company and the bank, with the transition since April 11.

HCSB Financial Corporation and Horry County State Bank Appoints John T. Pietrzak as Member of Board of Directors

On May 26, 2016, the Board of Directors of HCSB Financial Corporation appointed John T. Pietrzak as a member of the company's Board of Directors, effective immediately. Mr. Pietrzak was also appointed to the Board of Directors of the company's subsidiary bank, Horry County State Bank. Mr. Pietrzak will serve as the director representative for Castle Creek Capital Partners VI, LP under the side letter agreement entered into between the Company and Castle Creek dated April 11, 2016, which provides that Castle Creek is entitled to have one representative appointed to the Company's Board of Directors for so long as it, together with its respective affiliates, owns, in the aggregate, 5% or more of all of the outstanding shares of common stock or 50% or more of its purchased shares. Mr. Pietrzak is a Managing Principal of Castle Creek Capital and has worked as a member of that company's senior management team since 2005.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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