$430M AUMStrategic acquisitionFinancial Services
South Atlantic Bank to acquire Eastover Investment Advisors
Myrtle Beach-based South Atlantic Bank agreed to acquire Eastover Capital Management, a registered investment advisor serving the Carolinas with about $430 million in assets under management. Eastover will operate as a separate division led by Will Mackey.
Why it matters: The deal adds wealth management to the bank's offering.
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