0000950170-23-029296.txt : 20230622 0000950170-23-029296.hdr.sgml : 20230622 20230622114527 ACCESSION NUMBER: 0000950170-23-029296 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20230622 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230622 DATE AS OF CHANGE: 20230622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF SOUTH CAROLINA CORP CENTRAL INDEX KEY: 0001007273 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 571021355 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27702 FILM NUMBER: 231032110 BUSINESS ADDRESS: STREET 1: 256 MEETING ST STREET 2: P O BOX 538 CITY: CHARLESTON STATE: SC ZIP: 29402 BUSINESS PHONE: 803 724 1500 MAIL ADDRESS: STREET 1: 256 MEETING STREET CITY: CHARLESTON STATE: SC ZIP: 29402 8-K 1 bksc-20230622.htm 8-K 8-K
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported): June 22, 2023

 

Bank of South Carolina Corporation

(Exact name of registrant as specified in its charter)

South Carolina

0-27702

57-1021355

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

256 Meeting Street Charleston, SC 29401

 

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

(843) 724-1500

 

 

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common stock

BKSC

The NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


Item 8.01 Other Events

 

On June 22, 2023, the Company announced a $0.17 per share cash dividend. The information contained in the press release is deemed to be “filed” under the Securities Exchange Act of 1934 as Item 8.01 to this report, and such press release is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit 99.1

Press release dated June 22, 2023

Exhibit 104

Cover Page Interactive Data File (embedded within the online XBRL document)

 

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

Bank of South Carolina Corporation

 

(Registrant)

 

 

 

Date: June 22, 2023

 

 

 

 

                                                                                               By:

/s/ Eugene H. Walpole, IV

 

Eugene H. Walpole, IV

 

Chief Financial Officer

 

Executive Vice President

 


EX-99.1 2 bksc-ex99_1.htm EX-99.1

Exhibit 99.1 

Bank of South Carolina Corporation Declares Dividend

CHARLESTON, S.C., June 22, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record July 3, 2023, payable July 31, 2023. This represents the 135th quarterly cash dividend paid to shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "As we continue to strategically plan for the future, we are once again pleased to declare this cash dividend as we celebrate the recent opening of our new James Island office. Located at 1730 Maybank Highway in Charleston, this branch represents our sixth full-service facility."

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".



For additional information, contact: Eugene H. Walpole, IV, Executive Vice President and Chief Financial Officer, (843) 724-1500

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Document and Entity Information
Jun. 22, 2023
Cover [Abstract]  
Document Type 8-K
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Amendment Flag false
Document Period End Date Jun. 22, 2023
Entity Registrant Name Bank of South Carolina Corporation
Entity Incorporation, State or Country Code SC
Entity Central Index Key 0001007273
Securities Act File Number 0-27702
Entity Tax Identification Number 57-1021355
Entity Emerging Growth Company false
Entity Address, Address Line One 256 Meeting Street
Entity Address, City or Town Charleston
Entity Address, State or Province SC
Entity Address, Postal Zip Code 29401
City Area Code 843
Local Phone Number 724-1500
Title of 12(b) Security Common stock
Trading Symbol BKSC
Security Exchange Name NASDAQ

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