{"id":152,"date":"2015-03-31T17:06:00","date_gmt":"2015-03-31T17:06:00","guid":{"rendered":"https:\/\/www.burkestelling.com\/?p=152"},"modified":"2020-02-27T16:45:30","modified_gmt":"2020-02-27T21:45:30","slug":"south-atlantic-bancshares","status":"publish","type":"transactions","link":"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/","title":{"rendered":"South Atlantic Bancshares, Inc."},"content":{"rendered":"\r\n<p>South Atlantic Bancshares, Inc. announced that it will receive $1,999,998 in funding on January 21, 2015. The company will issue common stock 181,818 at $11 per share in the transaction. The minimum investment accepted from any outside investor is $10,000. The company will issue securities pursuant to exemption provided under Regulation D. As of January 28, 2015, the company has received $406,000 in first tranche closing from 10 investors.<\/p>\r\n\r\n\r\n\r\n<p>South Atlantic Bancshares, Inc. will use the proceeds for general corporate purposes and to support the growth and capital position of the bank.<\/p>\r\n\r\n\r\n\r\n<p>In March 2015, South Atlantic Bancshares, Inc. closed the transaction. The company has closed second and final tranche of the transaction.<\/p>\r\n","protected":false},"featured_media":341,"template":"","action_type":[35],"project":[18],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Atlantic Bancshares, Inc. - Burke Stelling Group, LLC<\/title>\n<meta name=\"description\" content=\"South Atlantic Bancshares, Inc. announced that it will receive $1,999,998 in funding on January 21, 2015.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Atlantic Bancshares, Inc. - Burke Stelling Group, LLC\" \/>\n<meta property=\"og:description\" content=\"South Atlantic Bancshares, Inc. announced that it will receive $1,999,998 in funding on January 21, 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/\" \/>\n<meta property=\"og:site_name\" content=\"Burke Stelling Group, LLC\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-27T21:45:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.burkestelling.com\/wp-content\/uploads\/2015\/03\/south-atlantic-bank.png\" \/>\n\t<meta property=\"og:image:width\" content=\"274\" \/>\n\t<meta property=\"og:image:height\" content=\"67\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/\",\"url\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/\",\"name\":\"South Atlantic Bancshares, Inc. - Burke Stelling Group, LLC\",\"isPartOf\":{\"@id\":\"https:\/\/www.burkestelling.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.burkestelling.com\/wp-content\/uploads\/2015\/03\/south-atlantic-bank.png\",\"datePublished\":\"2015-03-31T17:06:00+00:00\",\"dateModified\":\"2020-02-27T21:45:30+00:00\",\"description\":\"South Atlantic Bancshares, Inc. announced that it will receive $1,999,998 in funding on January 21, 2015.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/#primaryimage\",\"url\":\"https:\/\/www.burkestelling.com\/wp-content\/uploads\/2015\/03\/south-atlantic-bank.png\",\"contentUrl\":\"https:\/\/www.burkestelling.com\/wp-content\/uploads\/2015\/03\/south-atlantic-bank.png\",\"width\":274,\"height\":67,\"caption\":\"South Atlantic Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.burkestelling.com\/transactions\/south-atlantic-bancshares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.burkestelling.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Atlantic Bancshares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.burkestelling.com\/#website\",\"url\":\"https:\/\/www.burkestelling.com\/\",\"name\":\"Burke Stelling Group, LLC\",\"description\":\"Atlanta Investment Bank for Banks &amp; 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