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Sunday, November 29, 2009, 9:57AM ET - U.S. Markets Closed. Dow Down 1.48% Nasdaq Down 1.73%
Southcoast Financial Corp. (SOCB)On Nov 24: 3.70   0.00 (0.00%)  
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Southcoast Financial Corp.
530 Johnnie Dodds Boulevard
Mt Pleasant, SC 29464
United States - Map
Phone: 843-884-0504
Fax: 843-884-2886
Web Site: http://www.southcoastbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Southeast Banks
Full Time Employees:101

BUSINESS SUMMARY 
Southcoast Financial Corporation operates as the holding company for Southcoast Community Bank that provides commercial banking products and services in South Carolina. The company offers various deposit services, including business and personal checking accounts, NOW accounts, savings accounts, money market accounts, term certificates of deposit, IRA accounts, and other deposit services. It also provides secured and unsecured, short-to-intermediate term loans comprising car loans, home equity improvement loans that are secured by first and second mortgages, personal expenditure loans, education loans, and overdraft lines of credit, as well as real estate mortgage loans, residential real estate loans, commercial real estate loans, and construction and land development loans. In addition, the company offers various other services comprising residential mortgage loan origination, safe deposit boxes, business courier, night depository, telephone banking, VISA and MasterCard brand credit cards, tax deposits, traveler’s checks, and 24-hour automated teller machine services. As of July 30, 2009, it operated a main office in Mt. Pleasant, South Carolina and nine branches in the Charleston, South Carolina area. The company was founded in 1998 and is headquartered in Mt. Pleasant, South Carolina.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    Southcoast Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 49.5% of CGQ Universe companies and 34.8% of Banks companies.
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    KEY EXECUTIVES 
     PayExercised
    Mr. L. Wayne Pearson , 61
    Chairman, Chief Exec. Officer, Pres, Chairman of Southcoast Community Bank, Chief Exec. Officer of Southcoast Community Bank and Pres of Southcoast Community Bank
    $ 350.00K $ 0
    Mr. William C. Heslop , 33
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Chief Financial Officer of Southcoast Community Bank and Sr. VP of Southcoast Community Bank
    $ 110.00K $ 0
    Mr. William B. Seabrook , 52
    Exec. VP, Head of Retail Banking - Southcoast Community Bank and Exec. VP of Southcoast Community Bank
    $ 231.00K $ 0
    Mr. Robert A. Daniel Jr., 58
    Exec. VP, Chief Lending Officer of Southcoast Community Bank and Exec. VP of Southcoast Community Bank
    $ 198.00K $ 0
    Mr. William F. Steadman , 38
    Regional Pres
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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