-Bank of South Carolina announces CEO retirement, makes new appointments.
Global Banking News - 12 April 2012
Bank of South Carolina Corporation, (NASDAQ: BKSC) has said that Hugh C. Lane, Jr. is set to retire as president and chief executive officer of Bank of South Carolina Corporation and its wholly owned subsidiary, The Bank of South Carolina, effective April 11, 2012.
Lane will continue to serve as the chairman of the board of directors of both the company and the bank, and will also continue to perform commercial lending and business development activities for the bank.
The board has further named Fleetwood S. Hassell as president and chief executive officer of both the company and the bank, and Douglas Hutson Sass as executive vice president and senior lending officer of both the company and the bank, effective April 11, 2012. Hassell, who has been with the bank since its organisation in 1986, has served as an executive vice president of both the company and the bank and as the senior lending officer since 2005 and elected to the board in 2006.
Sass has served as a senior vice president for commercial lending and business development since 2004. He was hired by the bank as an assistant vice president for commercial lending and business development in 1994, and was promoted to vice president in 1995.
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