Methods - Vol. 4

METHODS Business & Money Management

Perspectives from South Atlantic Bank Experts

INTRODUCING WORKPLACE BANKING Michelle Coletta SVP, Retail Sales Manager South Atlantic Bank recently rolled out Workplace Banking, a program to provide financial solutions for our business customers and their employees. The program promotes employee participation in direct deposit while helping to increase employee satisfaction and productivity levels in the workplace.

Employee onboarding and retention rates have plummeted in today's economy as a result of the COVID-19 pandemic. Our program helps implement an atmosphere where personal distractions are limited.

"FINANCIAL STRESS IS A LEADING CONCERN FOR TODAY'S WORKFORCE. OUR BANK IS A RESOURCE THAT CAN HELP MITIGATE THOSE WORRIES." The program includes a group presentation, one-on-one consultations, and educational resources for employees. Our Relationship Bankers work directly with our business owners to schedule events on-site.

Employee benefits include: Free SAB ATM Transactions and no charge for your first two non-SAB ATM* transactions each statement cycle per card. Plus, unlimited free withdrawals at any Presto! ATM at Publix locations

Free online banking, electronic statements and bill pay** Installment loan discounts when payment is auto drafted from a SAB checking account Get your 1st box of South Atlantic Bank logo checks free Enjoy a $10 annual fee discount on a Safe Deposit Box -based on availability (Safe deposit boxes and contents are not FDIC insured) Free onsite educational seminars Health Savings Accounts for individuals with a qualified high-deductible health plan If you are interested in applying our program in your business, please reach out to your local branch today!

We'd love to reinforce loyalty and assurance in the workplace! *Consumers may be charged a fee by non-SAB operators, but SAB will refund those fees **Third-party fees may apply

MEET OUR TEAM! Our branch has grown in Mount Pleasant and customers are raving about them!

If you have the opportunity to stop in at our Mount Pleasant branch, you won't be disappointed! Customers in the Lowcountry are making phone calls, posting reviews and sending letters to recognize our employees for their impeccable service and attention to detail.

"EVERYTHING WAS HANDLED IN A VERY TIMELY, CONSIDERATE, AND THOROUGH MANNER. FROM MY FIRST DISCUSSION WITH MR. MUNN, I WAS TREATED WITH GREAT DIGNITY AND RESPECT. IT IS A GENUINE PLEASURE TO DEAL WITH SOMEONE WHO LISTENS AND RESPONDS TO THEIR CUSTOMERS." - SHIRLEY THORNTON CHARLESTON, S.C. We are proud of our bankers and the level of professionalism held in our offices. Our products and services are tailor-made to meet your individual and business needs. Our goal is to serve as a financial resource to our coastal communities while providing a welcoming and safe environment for all.

Income can be described as both active and passive. Active income takes time and requires effort. This is typically earned from an employer or from running your own business.

Passive income streams from rental property, royalties, or investment income. You don't have to spend countless hours to earn the income, it grows on its own.

Building passive income can involve large investments in the beginning. For example, in order to add a rental property to your portfolio, you must first purchase the property and handle ongoing maintenance.

If you're looking to bring in multiple streams of revenue here is where to start:

1.) YOUR DAY JOB This is your most stable form of income and you should feel comfortable paying expenses from this paycheck alone.

2.) YOUR SIDE HUSTLE This must be something you enjoy doing as it requires time and effort.

3.) YOUR PASSIVE INCOME

DIVERSIFY YOUR INCOME Wilson Wicker AVP, Commercial Relationship Manager The term, "side hustle" is tossed around in casual conversations and used amongst those on social media platforms to describe secondary sources of income. Though the lingo is popular in today's fast paced economy the practice of diversifying one's income has been stressed by advisors time and time again. We're here to help you on that path.

This could come from investing in the stock market, owning rental properties, or selling products online.

Financial freedom takes time and patience. A diversified income can not only build wealth, but also provide protection against economic change and employment status.

Diversifying by adding more active income, such as starting a dog walking gig or driving for a transportation service, is a way to help pay off debt faster and save money. Adding passive income, like investing in financial markets or owning real estate, can provide opportunities for additional income with less oversight. Keep in mind that passive income typically calls for a larger investment up front.

As your local bank, we are here for every step of your financial journey. Contact your local banker for support and guidance.

DISCLAIMER: South Atlantic Bank does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Though the world is edging its way back to normal, there’s unfortunately one thing the pandemic never slowed down: Cybercriminals. Those seeking to make a quick buck off companies with social engineering attacks and malware seemed to double their efforts this year. Did you know:

THE UNIVERSITY OF MARYLAND FOUND THAT THERE IS AN AVERAGE OF 2,244 CYBER ATTACKS PER DAY (ONE EVERY 36 SECONDS).

INTERPOL REPORTED SMALL TO MEDIUM SIZED BUSINESSES ARE BEING TARGETED AT AN ALARMING RATE. THE US FEDERAL TRADE COMMISSION, IN A RECENT 6MONTH PERIOD, HAD SEEN OVER 128,000 PHONE SCAMS THAT COST VICTIMS $108 MILLION. This makes regular reminders about the role you play in keeping your organization cybersecure all the more important. Here are some helpful tips to keep you secure:

INTERNET & PASSWORD SECURITY Kimberly West VP, Director of Information Technology

"YOU HAVE A ROLE TO PLAY IN KEEPING YOUR ORGANIZATION SAFE!"

CHANGE EASY PASSWORDS TO LONG PHRASES, SUBSTITUTING LETTERS FOR NUMBERS AND SYMBOLS. LOCK YOUR COMPUTER WHEN LEAVING IT UNATTENDED. TEXT MESSAGES WITH YOUR PERSONAL INFORMATION CAN STILL BE FRAUDULENT. BE MINDFUL OF PUBLIC WI-FI, NOT ALL ARE SAFE. HOVER YOUR CURSOR OVER LINKS TO CHECK THE URL. SCAN EMAILS FOR GRAMMATICAL ERRORS. VERIFY URGENT INSTRUCTIONS BEFORE TAKING ACTION. Hackers aren’t just about convincing people to click on links and download malware.

Criminals will use text messages, instigate phone calls, and even show up at your door.

Stay vigilant and protect your company from a devastating attack.

LOCAL MEANS MORE AT SOUTH ATLANTIC BANK 1

The bank where you belong is South Atlantic Bank. Here, your dollars flow back into the heart of the economy, helping the community flourish. We want to understand your goals and use our local insight to create financial 2 solutions that are tailor-made for you. Our services include:

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CHECKING & MONEY MARKETS SAVINGS & CDS IRAS & HSAS LOANS & LINES OF CREDIT CREDIT CARDS & CHECKS C O R P O R A T E S E R V I C E S : M E R C H A N T S E R V I C E S & C A S H M A N A G EM EN T MORTGAGE PRODUCTS

Visit one of our convenient locations along the Carolina Coast or reach out to one of our bankers! Just dial 8-43 followed by your desired branch's telephone number to speak directly with one our Relationship Bankers. We are your local bank, the people you know and trust, and the one tailor-made for you!

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