Bank of South Carolina CEO Hassell to retire Sept 30, 2023; CFO Walpole to succeed

BANK OF SOUTH CAROLINA CORP

Fleetwood S. Hassell to retire as President & CEO of Company and Bank effective September 30, 2023; he joined in 1986 and became CEO in 2012.
Eugene H. Walpole, IV, current Executive VP & CFO, will become President & CEO on October 1, 2023.
Walpole has been with the Bank since 2012, serving as CFO since 2016; he will continue as CFO until a successor is named.
Hassell will remain on the Board of Directors of both the Company and the Bank after retirement.
Retirement is part of a planned succession; no disagreement with the Company's operations or policies.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Eugene H. Walpole, IV

President and Chief Executive Officer

BKSC · BANK OF SOUTH CAROLINA CORP

Effective: 2023-10-01
Filed: January 26, 2023, 6:59 PM ET

Effective October 1, 2023, Executive Vice President and Chief Financial Officer Eugene H. Walpole, IV will be promoted to the position of President and Chief Executive Officer of both the Company and the Bank.

Departed

Fleetwood S. Hassell

President and Chief Executive Officer

BKSC · BANK OF SOUTH CAROLINA CORP

Effective: 2023-09-30
Successor: Eugene H. Walpole, IV
Filed: January 26, 2023, 6:59 PM ET

Mr. Hassell plans to retire on September 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eugene H. Walpole, IV changed role as President and Chief Executive Officer at BANK OF SOUTH CAROLINA CORP.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

Effective October 1, 2023, Executive Vice President and Chief Financial Officer Eugene H. Walpole, IV will be promoted to the position of President and Chief Executive Officer of both the Company and the Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fleetwood S. Hassell departed as President and Chief Executive Officer at BANK OF SOUTH CAROLINA CORP.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Hassell plans to retire on September 30, 2023.

View on SEC.gov

BANK OF SOUTH CAROLINA CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-001216

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.