Fact Sheets

Bailout Bank Bio: Tidelands Bancshares, Inc.

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August 05, 2009

Programs: Budget & Tax

Tidelands Bancshares, Inc. is a bank holding company that operates through its wholly owned subsidiary, Tidelands Bank. Its primary market area is the Charleston metropolitan area (which includes Charleston, Dorchester, and Berkeley counties), Myrtle Beach, the Hilton Head area, and additional markets along the South Carolina coast. Tidelands Bancshares, Inc. was founded in 2003 and is headquartered in Mount Pleasant, South Carolina.

Tidelands is participating in the Treasury Department’s Capital Purchase Program. In December the bank received $14.5 million under the program in exchange for preferred stock and warrants.

Federal Equity Investment	$14.4 million
Total Revenue	$32.8 million (2008)
Net Income	$413,000 (2008)
Number of Employees	88
Corporate Headquarters	Mount Pleasant, South Carolina
Business Sector	Banking
Officers and Directors	Coffee, Robert, CEO, Director Kalinsky, Barry, Board Chairman Other Officers and Directors
Corporate Website	https://www.tidelandsbank.com
Executive Compensation	Tidelands Bancshares, Inc.