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Bank of South Carolina (BKSC.OQ)

BKSC.OQ on NASDAQ Stock Exchange Capital Market

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21 May 2019
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Summary

Name Age Since Current Position

Hugh Lane

70 2012 Chairman of the Board

Fleetwood Hassell

58 2012 President, Chief Executive Officer, Director

Sheryl Sharry

64 2010 Chief Financial Officer, Executive Vice President, Treasurer, Director, IR Contact Officer

Douglas Sass

60 2012 Executive Vice President, Senior Lending Officer

Richard Hutson

61 2007 Secretary, Independent Director

Alan Nussbaum

67 2011 Lead Independent Director

Charles Lane

64 1995 Director

David Bunch

68 2009 Independent Director

Graham Eubank

51 2005 Independent Director

Elizabeth Hagood

58 2013 Independent Director

Glen Haynes

64 2007 Independent Director

William Hiott

74 2010 Independent Director

Linda McKee

68 2002 Independent Director

Edmund Rhett

71 1999 Independent Director

Malcolm Rhodes

59 2005 Independent Director

Steve Swanson

51 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. Mr. Hassell has been with the Bank since its organization in 1986. During his career of over thirty five years in banking, Mr. Hassell has held the position of Assistant Vice President, Vice President, Senior Vice President, Executive Vice President and Senior Lender, and, since April 11, 2012, the President/Chief Executive Officer. Born and raised in Charleston, SC, Mr. Hassell earned a BS and MBA from the University of South Carolina School of Business. He was elected to the Board of Directors of the Bank and the Company in 2006. Currently, Mr. Hassell serves on the College of Charleston Foundation Board, the Association of the Blind and Visually Impaired Board, the South Carolina Bankers Association board, and the Trident United Way Board. In January 2012, Mr. Hassell was appointed to the South Carolina State Board of Financial Institutions.

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. She held various positions in the Bank, including but not limited to Assistant Vice President – Operations Department, Vice President – Operations & Technology, Senior Vice President – Operations & Technology, and Chief Financial Officer/ Executive Vice President. Mrs. Sharry serves as a Trustee of the Bank of South Carolina Employee Stock Ownership Plan and Trust. Mrs. Sharry became a member of the Board of Directors of the Bank and Company in 2010. She is a graduate of the College of Charleston, South Carolina Bankers School, and the School of Bank Investments and Financial Management. In addition to serving on the Board of the Bank and the Company, she serves on the Executive/Long- Range Planning Committee and Asset Liability/Investment Committee.

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 received a BA from The University of the South. Mr. Hutson is the Manager of William M. Means Company, Insurance. Mr. Hutson has served on the Boards of the South Carolina Historical Society and the Historic Charleston Foundation. He has served as President of the South Carolina Historical Society. Mr. Hutson has served on the Audit & Compliance Committee, Investment Committee, and the Loan Committee, and currently serves on the Asset Liability/Investment Committee in addition to the Board of Directors of the Bank and Company.

Alan Nussbaum

Dr. Alan I. Nussbaum, MD, is Lead Independent Director of The Bank of South Carolina and Bank of South Carolina Corporation. He received a BA from Johns Hopkins University and a MD from Harvard Medical School. Dr. Nussbaum completed his internship and residency in Internal Medicine at Duke University Medical Center. In addition, Dr. Nussbaum completed a Fellowship in Rheumatology and Immunology at the Medical University of South Carolina and has practiced rheumatology in Charleston since 1982. Dr. Nussbaum currently serves a Lead Director of the Bank and Company. He is the Chairman of the Executive/Planning Committee and serves on the Asset Liability/Investment Committee and Compensation Committee.

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 was born in Charleston, South Carolina and graduated from 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 the Board of Directors of the Bank and Company, Mr. Bunch currently serves on the Loan Committee and the Community Reinvestment Act Committee

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 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 various positions including New Car Sales Manager, Used Car Sales Manager and Parts and Service Director. Currently Mr. Eubank is President and CEO of the Palmetto Car and Truck Group which is comprised of Ford, Lincoln, Mama’s Used Cars and Quick Lane Auto and Tire Center. In addition to serving on the Board of Directors of the Bank and the Company, he currently serves on the Nominating Committee and is the Chair of the Compensation Committee.

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 graduated from Virginia Tech with a BS in Biology. He received a DVM from the University of Georgia. In addition to serving on the Board of Directors of the Bank and the Company, 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 Anglican Church where he has served on the vestry. Currently, Dr. Haynes is Chairman of the Frances Willis SPCA Endowment Board and is a construction volunteer for Habitat for Humanity. Dr. Haynes has been committed to the success of the Company and currently serves on the Loan Committee, the Community Reinvestment Act Committee, and Nominating Committee in addition to the Board of Directors of the Bank and Company.

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).

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. He has a private gynecological practice, Rhett Women’s Center. Dr. Rhett has been on the Board of Directors of the Canterbury house for over thirty years and has served as President of its Board for nearly twenty years. Additionally, Dr. Rhett currently serves as Chairman of the Nominating Committee, and serves on the Asset Liability/Investment Committee, and the Executive/Long- Range Planning Committee within the organization.

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.

Steve Swanson

Mr. Steve D. Swanson is an Independent Director of the Company. Mr. Swanson founded Automated Trading Desk, 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, the Honors College Advisory Board, and the Board of Trustees of South Carolina State University. In addition to serving on the Board of the Bank and the Company, he also serves as Chairman of the Audit & Compliance Committee.