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Bank of South Carolina (BKSC.OQ)

BKSC.OQ on NASDAQ Stock Exchange Capital Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Hugh Lane

69 2012 Chairman of the Board

Fleetwood Hassell

57 2012 President, Chief Executive Officer, Director

Sheryl Sharry

62 2010 Chief Financial Officer, Executive Vice President, Treasurer, Director, IR Contact Officer

Douglas Sass

59 2012 Executive Vice President, Senior Lending Officer

Richard Hutson

59 2007 Secretary, Independent Director

Alan Nussbaum

65 2011 Lead Independent Director

Charles Lane

62 1995 Director

David Bunch

66 2009 Independent Director

Graham Eubank

49 2005 Independent Director

Elizabeth Hagood

55 2013 Independent Director

Glen Haynes

62 2007 Independent Director

William Hiott

72 2010 Independent Director

Katherine Huger

74 1995 Independent Director

Linda McKee

66 2002 Independent Director

Edmund Rhett

69 1999 Independent Director

Malcolm Rhodes

57 2004 Independent Director

David Schools

57 2009 Independent Director

Steve Swanson

49 2011 Independent Director

Biographies

Name Description

Hugh Lane

Mr. Hugh C. Lane, Jr., is Chairman of the Board of Bank of South Carolina Corporation. He resigned as President and Chief Executive Officer of the company and the bank effective April 11, 2012. He has been with The Bank of South Carolina since its organization in 1986. He has served as President and Chief Executive Officer of the Bank since 1986 and of the Company since 1995. He has served as Chairman of the Board of Directors of The Bank of South Carolina since its organization in 1986, and Chairman of Bank of South Carolina Corporation since its organization in 1995. He graduated from Choate School in Wallingford, Connecticut and earned a BA in economics from the University of Pennsylvania. He began his banking career at Citizens and Southern National Bank of Georgia in Atlanta. Mr. Lane also served on the Board of Directors of Citizens and Southern National Bank of South Carolina for 14 years. He is past chairman of the Board of Trustees of the Belle W. Baruch Foundation, Trustee and Chairman of the Board at Wofford College, past Chairman of South Carolina Independent Colleges & Universities, Trustee and past President of Charleston Museum, past Co-Chairman of the Community Relations Committee, past member of Advisory Committee for the Storm Eye Institute of the Medical University of South Carolina, and past member of the Board of Trident Urban League. He has been the recipient of Honorary Doctorates from Southern University and The Citadel. He has also received the “Distinguished Citizen Award” from Wofford College National Alumni Council, the Avery Citizenship Award for community service, the Joseph P. Riley Leadership Award, and the Order of the Palmetto presented by the Governor of South Carolina.

Fleetwood Hassell

Mr. Fleetwood, S. Hassell is President, Chief Executive Officer, Director of Bank of South Carolina Corporation. He resigned as Executive Vice President, Senior Lender of the company effective April 11, 2012. Mr. Hassell has been with The Bank of South Carolina since its organization in 1986. He began as an Assistant Vice President for commercial lending and business development. He held the position of Vice President and Senior Vice President and currently is an Executive Vice President and Senior Lender. Mr. Hassell graduated from Porter Gaud High School and earned a BS and MBA from the University of South Carolina School of Business. Mr. Hassell began his banking career in 1983 as a management trainee at the Citizens and Southern National Bank of South Carolina. He was elected to the Board of Directors of the Bank of South Carolina and its parent Company in 2006. In addition to serving on the Board of the Bank and the Company, Mr. Hassell has served on the Boards of the Kidney Foundation, Crime Stoppers, Atlantic Coast Conservation Association, Trident Tech Foundation, Charleston Breakfast Rotary Club (President), Charleston Day School (Treasurer), Porter Gaud School Alumni, the Preservation Society, and South Carolina Bankers Association.

Sheryl Sharry

Mrs. Sheryl G. Sharry serves as Chief Financial Officer, Executive Vice President, Treasurer, Investor Relation Contact Officer and Director of Bank of South Carolina Corporation. Mrs. Sharry has been with The Bank of South Carolina since its organization in 1986. She has served as Assistant Vice President - Operations Department, Vice President - Operations & Technology, Senior Vice President - Operations & Technology, and is currently Chief Financial Officer, Executive Vice President and Treasurer. Mrs. Sharry serves as an Administrator and Trustee of the Bank of South Carolina Employee Stock Option Plan and Trust. Mrs. Sharry became a member of the Board of Directors of The Bank of South Carolina and Bank of South Carolina Corporation in 2010. She is a graduate of the College of Charleston, South Carolina Bankers School, and the School of Bank Investments and Financial Management. She started her banking career at Citizens and Southern National Bank of South Carolina where she served as Utility Staff, CSR, teller and CSR trainer, and Operations Officer-Internal Operations Department. In 2010 she attended an SEC Reporting Skills Workshop. She is Chairman of the South Carolina Bankers Association Disaster Recovery Committee and is a member of Financial Managers Society, and South Carolina InfrGard.

Douglas Sass

Mr. Douglas Hutson Sass has been appointed as Executive Vice President, Senior Lending Officer of Bank of South Carolina Corporation, effective April 11, 2012. He has served as a Senior Vice President for commercial lending and business development since 2004. He was hired by the Bank as an Assistance Vice President for commercial lending and business development in 1994 and was promoted to Vice President in 1995. He has served as Community Reinvestment Officer and Appraisal Officer for the Bank since 1994 and served as the Security Officer from 1994 – 2005. He is a graduate of the South Carolina Bankers School at the University of South Carolina and The Graduate School of Bank Management at the University of Virginia. Mr. Sass has served on various committees of the South Carolina Bankers Association, currently serves as Treasurer of The Charleston Museum and the Board of Tri-County Family Ministries, and is active in various civic organizations.

Richard Hutson

Mr. Richard W. Hutson, Jr., is Secretary, Independent Director of Bank of South Carolina Corporation. He is Director since December 16, 2004. He majored in economics and received a BA from The University of the South. He has served on the Boards of the SC Historical Society and the Historic Charleston Foundation. In addition, Mr. Hutson has served as President of the SC Historical Society, Commodore of the Carolina Yacht Club, and President of the Charleston Club. Mr. Hutson is the Manager of William M. Means Company Insurance LLC.

Alan Nussbaum

Dr. Alan I. Nussbaum, MD, is Lead Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation. Dr. Nussbaum graduated from Porter Gaud High School. He received a BA from Johns Hopkins University and a MD from Harvard Medical School (part of Harvard University). He completed his internship in Internal Medicine at Duke University Medical Center and completed his residency in Internal Medicine from Duke University Medical Center. In addition, Dr. Nussbaum completed a Fellowship in Rheumatology and Immunology from the Medical University of South Carolina. Dr. Nussbaum is a Clinical Associate Professor in the Department of Medicine at the Medical University of South Carolina and has a private practice, Rheumatology Associates, PA. Dr. Nussbaum has served both as Assistant Chairman and Chairman of the Department of Medicine at Roper Hospital. He has served as Chairman of the Quality Management Committee at Roper Hospital and is currently Chairman of the Board of Directors of Roper Hospital. He has served on the Board of the Charleston Community Concert Association, as Vice-President and President of Synagogue Emanu-El, and has been a Board member of the Hebrew Orphan Society.

Charles Lane

Mr. Charles G. Lane is Director of Bank of South Carolina Corporation since 1995. He has been a member of the Board of Directors of The Bank of South Carolina since its organization in 1986. He served on the Advisory Board of Citizens and Southern National Bank of Greenville, South Carolina. In addition, Mr. Lane served on the Boards of Ducks Unlimited, Delta Waterfowl, The Nature Conservancy, The South Carolina Conservation Bank, The Donnelley Foundation, and the ACE Basin Task Force. Mr. Lane has served as Chairman of the Coastal Conservation League Board. Mr. Lane is a Managing Member of Holcombe, Fair and Lane, LLC, a real estate company.

David Bunch

Mr. David W. Bunch serves as Independent Director of Bank of South Carolina Corporation since April 14, 2009. He graduated from North Charleston High School and Clemson University. He has been employed by XO Bunch Organizations since 1973, serving as President, Hughes Motors, Inc.; Vice-President, Bunch Leasing Co.; Vice-President, Florence Truck Center, Inc.; Partner, Bunch Truck & Equipment, LLC; Partner, Bunch & Sons-Real Estate; Managing member, Wando Properties, LLC; and President, Double D Leasing Co., Inc. In addition to serving on Board of Directors of the Bank of South Carolina Corporation and The Bank of South Carolina, He served as Board member of South Carolina Federal Savings Bank. He is a past President of the Rotary Club of North Charleston, a Paul Harris Fellow of the Rotary Club of North Charleston, a member of South Carolina Trucking Association, a member of the Executive Association of Greater Charleston, a member of the Hibernian Society, and a member of North Charleston United Methodist Church.

Graham Eubank

Mr. Graham M. Eubank, Jr., is Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation since 2005. He attended private schools and received a BS in Management from Clemson University. He is also a graduate of the National Automobile Dealers Association Dealer Candidate Academy. In 1992 Mr. Eubank began working with his family’s business, Palmetto Ford, Inc., where he has held many positions including New Car Sales Manager, Used Car Sales Manager and Parts and Service Director. Currently he is President and CEO of the Palmetto Car and Truck Group which is comprised of Ford, Lincoln, Mercury, Hyundai, Mama’s Used Cars and Quick Lane Auto and Tire Center. In addition to serving on the Board of Directors of The Bank of South Carolina and Bank of South Carolina Corporation, Mr. Eubank has served on the Board of Carolina Ford Dealer Advertising Association, the Board of the East Cooper Rotary Club and the Board of The Boy Scouts of America. In addition he has served as President of the Trident New Car Dealers Association and Vice President of the South Carolina Automobile Dealers Association.

Elizabeth Hagood

Mrs. Elizabeth M. Hagood is an Independent Director of the Company. Mrs. Hagood is the former Executive Director of the Lowcountry Open Land Trust. Mrs. Hagood moved to Charleston with her husband, Maybank, following their graduations from the Darden School of Business at the University of Virginia (MBA, 1989). Mrs. Hagood grew up in Charlotte, NC, graduated from St. Catherine’s School in Richmond, Virginia (1979) and from Davidson College (BA, 1983). She served as a Trustee of Woodberry Forest School in Virginia and on the Vestry of St. Philip’s Church. In addition, she has recently served as a Trustee of Historic Charleston Foundation and the Episcopal Diocese of South Carolina, on the Board of Advisors of the Gaylord M. Donnelley Foundation, as Chairman of the SC DHEC board, and as Chairman of the Alumnae Board of St. Catherine’s School. Elizabeth Hagood was dedicated to her work as the Executive Director of the Lowcountry Open Land Trust showing great leadership and work ethic. The nominating Committee considered this work with the Lowcountry Open Land Trust as well as her experience serving as Trustee and Chairman of various boards, in recommending Mrs. Hagood to the Board of Directors.

Glen Haynes

Dr. Glen B. Haynes, DVM, is an Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation since 2007. He is a graduate of Virginia Tech where he received a BS in Biology. He received a DVM from the University of Georgia and attended a South Carolina Bankers School program specific for bank Directors. In addition to serving on the Board of Directors of The Bank of South Carolina and Bank of South Carolina Corporation, Dr. Haynes has served as President of the Summerville Rotary Club, President of Frances Willis SPCA, Chairman of the South Carolina Board of Veterinary Medical Examiners, and President of Trident Veterinary Medical Association. Dr. Haynes is a member of the American Veterinary Medical Association and a member of St. Paul’s Episcopal Church where he served on the vestry.

William Hiott

Mr. William L. Hiott, Jr., is an Independent Director of Bank of South Carolina Corporation. He served as Executive Vice President and Treasurer of Bank of the Company since 1995. Mr. Hiott has been with The Bank of South Carolina since its organization in 1986. He has served as Executive Vice President and Cashier of the Bank since 1986 and has served on the Board of Directors of The Bank of South Carolina since its organization in 1986. Mr. Hiott graduated from Walterboro High School. He received a BS in Accounting from Charleston Southern University. He is a graduate of South Carolina Bankers School and a graduate of the University of Wisconsin’s Bank Administration Graduate School. Mr. Hiott began his banking career at Citizens and Southern National Bank of South Carolina where he held the position of Vice President of Operations. Mr. Hiott has served on the Boards of the Harry Hampton Memorial Wildlife Fund (Chairman), SC Nature Conservancy, and the Low Country Open Land Trust (Treasurer). He has also served on the SC Department of Natural Resources Marine Advisory Board (Vice-Chairman), DNR SC Governor’s Cup Advisory Board, DNR Waterfowl Advisory Board (Chairman), and the DNR Migratory Waterfowl Stamp Advisory Board (Chairman).

Katherine Huger

Mrs. Katherine M. Huger is an Independent Director of Bank of South Carolina Corporation since 1995. She has been a member of the Board of Directors of The Bank of South Carolina since its organization in 1986. Mrs. Huger studied economics, international economic relations and international finance, receiving an AB degree from Bryn Mawr College, and MA and MALD degrees from The Fletcher School of Law and Diplomacy, Tufts University. Mrs. Huger served as an Assistant Professor of Economics at Charleston Southern University from 1972-2004. In addition to serving on the Board of the Bank and the Company, Mrs. Huger has served on the Boards of the Charleston Museum, the Charleston Horticulture Society, the Charleston Foreign Affairs Forum, and the Junior League of Charleston.

Linda McKee

Dr. Linda J. Bradley McKee, PhD, CPA, is Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation since 2002. Dr. McKee earned a BS in Mathematics from the University of Texas at Arlington, a MS in Accounting from Texas Tech, and a PhD in Accounting from the University of North Texas. She is an Associate Professor of Accounting at the College of Charleston. In addition to serving on the Board of the Bank and the Company, she also served on the Board of Directors of Hospice of Colorado Springs. She served as President of the Charleston Estate Planning Council and Program Director of Charleston Tax Roundtable. She is a member of First Methodist Church. She is also a member of the following professional organizations: AICPA, American Accounting Association, Taxation Division of American Accounting Association, Charleston Estate Planning Council, and Charleston Tax Roundtable.

Edmund Rhett

Dr. Edmund Rhett, Jr., MD, is Independent Director of Director of The Bank of South Carolina and Bank of South Carolina Corporation since 1999. Dr. Rhett received a BA from The University of the South and a MD from the Medical College of Georgia (part of University of Georgia). He has a private gynecological practice, Edmund Rhett, Jr., PA. Dr. Rhett has been on the Board of Directors of the Canterbury house for 27 years and has served as President of its Board for 15 years. In addition he has served on the Boards of both the East Cooper Regional Medical Center and Charleston Day School. He is a member of the Carolina Yacht Club and the Country Club of Charleston.

Malcolm Rhodes

Dr. Malcolm M. Rhodes, MD, is Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation since December 16, 2004. Dr. Rhodes graduated from Porter Gaud High School. He received a BA from Duke University and a MD from the Medical University of South Carolina. He is a Fellow of the American Board of Pediatrics and has been a partner at Parkwood Pediatric Group since 1988. He is on the clinical faculty at MUSC and active staff at Roper and Bon-Secours St. Francis Hospitals, serving on the Credentials Committee. In addition to serving on the Board of Directors of the Bank and the Company, He currently represents South Carolina on the Atlantic States Marine Fisheries Commission where he is Chairman of the Governor's Appointees, serves on the Executive Committee and Administrative Oversight Committee and chairs the Shad and River Herring Board. He is a Trustee of Ashley Hall School and treasurer of the Carolina Gold Rice Foundation. He is on the Executive Committee of The Agricultural Society of South Carolina and the SC State Board of Coastal Conservation Association. He has served as a Trustee of Charleston Stage Company and on the vestry of St. Philip's Church where he is still actively involved.

David Schools

Mr. David R. Schools is Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation since April 14, 2009. He graduated from Porter Gaud High school. He received his BA from the College of Charleston. Currently, Mr. Schools is President and CEO of Piggly Wiggly Carolina Company. In addition to serving on the Board of the Bank and the Company, Mr. Schools is a member of the Boards of Greenbax Enterprises, Charleston Metro Chamber of Commerce, Trident United Way, and an Advisory Board member of the Dee Norton Lowcountry Children’s Center. He is a past member of the Board of Directors of the South Carolina Chamber of Commerce. Mr. Schools is a member of Carolina Food Industry Council.

Steve Swanson

Mr. Steve D. Swanson is an Independent Director of the Company. Mr. Swanson founded Automated Trading Desk (ATD), a pioneering electronic trading firm based in South Carolina. As President and CEO, Mr. Swanson grew the business from pure proprietary trading to creating a fully automated market maker servicing the broker-dealer community. After its acquisition by Citigroup in 2007, Mr. Swanson became responsible for global equity and option electronic trading operations. Mr. Swanson serves on the Board of the College of Charleston Foundation, the College of Charleston School of Business Board, and on the Honors College Advisory Board. He is a past chairman of the NASDAQ Quality of Markets Committee, and a past member of the SIFMA Trading and Markets Committee. Prior to the acquisition of ATD, Mr. Swanson served on the Board of Trustees at Ashley Hall as well as The Bank of South Carolina and the Bank of South Carolina Corporation