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September 01, 2015 2:10 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, President, Member of The Board of Directors and Chief Executive Officer of HCSB Financial Corporation
Age: 63
Chief Financial Officer
Age: 61
Senior Vice President
Age: 59
Compensation as of Fiscal Year 2015.

Horry County State Bank Key Developments

T. Freddie Moore Not to Stand for Re-Election as Director of HCSB Financial Corp. and Horry County State Bank

On February 26, 2015, Mr. T. Freddie Moore, a director of HCSB Financial Corporation and Horry County State Bank, notified the company of his decision not to stand for reelection at the 2015 AGM and to resign from his position as a director to each of the company and the Bank effective as of the AGM. Mr. Moore's decision to resign from the board of directors was for personal reasons and did not arise or result from any disagreement with the company on any matters relating to the company's operations, policies or practices.

HCSB Financial Corp. and Horry County State Bank Announces Resignation of Carroll D. Padgett, Jr., as Director, Effective as of February 28, 2015

On February 9, 2015, Mr. Carroll D. Padgett, Jr., a director of HCSB Financial Corporation and Horry County State Bank, resigned from his position as a director to each of the Company and the Bank, effective as of February 28, 2015. Mr. Padgett notified the Board of Directors of his resignation verbally, stating that he is resigning because he has been appointed as a probate court judge for Horry County. At the time of his resignation, Mr. Padgett served on the Bank's Director's/TARP Committee, Loan Committee, and the Executive Committee.

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