Bank of South Carolina CORP: directors' dealings · United States · SEC (Form 4)

About Bank of South Carolina CORP

Bank of South Carolina Corp. (BKSC) is a U.S. community banking holding company with roots in Charleston, South Carolina. The company operates through its wholly owned subsidiary, The Bank of South Carolina, and its headquarters is located at 256 Meeting Street in downtown Charleston. The bank was organized in 1986 and began operations in 1987, giving it a long-standing local franchise built around relationship banking and deep familiarity with its core market. BKSC has historically been associated with the NASDAQ market in the United States, although investors should note that the company announced in August 2023 its intent to voluntarily delist from the NASDAQ Capital Market and withdraw its Exchange Act registration. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1007273/000183988223005612/bksc-10k_123122.htm)) From a business perspective, BKSC is a straightforward regional bank focused on traditional deposit gathering and lending. Its primary deposit products include checking accounts, savings accounts, and time certificates of deposit. On the lending side, the bank’s main products are residential mortgage loans, commercial loans, and installment loans. In its SEC filings, the company also describes mortgage banking income and securities activity as secondary income sources, but the core earnings engine remains net interest income generated by deposits and loans. This is typical of a small U.S. commercial bank with a conservative, relationship-driven model. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1007273/000183988223005612/bksc-10k_123122.htm)) BKSC’s competitive position is based less on scale and more on local presence, customer service, and credit discipline. The bank operates in the Charleston area and nearby South Carolina communities, with its commercial footprint concentrated in Charleston, Dorchester, and Berkeley counties. Management has emphasized the highly competitive nature of the financial services industry, where pricing on deposits and loans, the quality of service, branch convenience, and lending capacity are key differentiators. For investors, this means BKSC is best viewed as a niche regional franchise rather than a broad-based national banking platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1007273/000183988223005612/bksc-10k_123122.htm)) Geographically, the bank’s business is focused on the southeastern South Carolina market, which can be attractive thanks to population growth, business formation, and housing-related demand in the Charleston metro area. At the same time, concentration in a limited geographic footprint means earnings and asset quality are linked to local economic conditions rather than a diversified multi-state network. That concentration can support franchise intimacy and stable relationships, but it also increases sensitivity to regional credit cycles and real estate trends. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1007273/000183988223005612/bksc-10k_123122.htm)) Recent company news has been dominated by the 2023 delisting decision and continuing SEC reporting activity, including dividend communications. For market participants following Form 4 insider transactions, the practical implication is that BKSC remains a reportable U.S. banking issuer with a clear local franchise profile, but its market status should be checked carefully against current SEC filings rather than assumed from older NASDAQ references. Overall, BKSC is a classic community-bank name: simple business model, local focus, and a financial profile driven by deposits, lending, and disciplined balance-sheet management in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1007273/000095017023044275/bksc-20230824.htm?utm_source=openai))