# South Atlantic Bank Agrees to Buy Eastover Investment Advisors

The proposed acquisition would add a Charlotte wealth manager with about $430 million in assets under management.

By Will Langan | 24X7 News
Published: 2026-10-28T20:11:32.468Z
Updated: 2026-10-28T20:11:32.468Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/south-atlantic-bank-eastover-acquisition-october-28-2026

South Atlantic Bank has agreed to acquire Eastover Investment Advisors, the Charlotte, North Carolina, firm that operates as Eastover Capital Management, its parent company announced October 28.

South Atlantic Bancshares said the proposed transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. The announcement did not disclose a purchase price.

Eastover had approximately $430 million in assets under management as of September 30, according to the release. That figure represents client assets the firm manages, rather than the transaction's value.

Eastover president Will Mackey is expected to continue leading the team as a separate division of South Atlantic Bank. The company said the acquisition would expand its wealth management services across its market areas.

Myrtle Beach-based South Atlantic Bancshares reported approximately $2 billion in total assets at September 30. Its banking subsidiary operates 12 locations along coastal South Carolina.

The agreement is a proposed acquisition; completion remains subject to the stated conditions.

Sources
- South Atlantic Bank announcement via PR Newswire: https://www.prnewswire.com/news-releases/south-atlantic-bank-to-acquire-eastover-investment-advisors-llc-302922633.html

## Sources
- South Atlantic Bank / PR Newswire: https://www.prnewswire.com/news-releases/south-atlantic-bank-to-acquire-eastover-investment-advisors-llc-302922633.html