Southcoast Financial Corporation operates as the holding company for Southcoast Community Bank that provides commercial banking services in South Carolina. The company offers deposit services, which comprise business and personal checking accounts, NOW accounts, savings accounts, money market accounts, various term certificates of deposit, individual retirement accounts, and other deposit services. It also provides secured and unsecured, short-to-intermediate term loans for commercial, consumer, and residential purposes. The company’s consumer loans include car loans, home equity improvement loans secured by first and second mortgages, personal expenditure loans, education loans, and overdraft lines of credit; commercial loans for businesses to provide working capital, expand physical assets, or acquire assets; loans secured by real estate mortgages for the acquisition, improvement or construction, and development of residential and other properties; residential real estate loans; non-farm and non-residential loans; commercial real estate loans; real estate construction loans; and land development loans. In addition, it offers residential mortgage loan origination services, safe deposit boxes, business courier services, night depository services, telephone banking, MasterCard brand credit cards, tax deposits, and automated teller machine services. The company operates offices in Mt. Pleasant, Charleston, Moncks Corner, Johns Island, Summerville, Goose Creek, and North Charleston, South Carolina. Southcoast Financial Corporation was founded in 1998 and is headquartered in Mt. Pleasant, South Carolina.

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