Overview

• Judge Heath Taylor sentenced the former Palmetto State Bank CEO on Monday in Richland County after his guilty pleas to state financial crimes.
• The state sentence totals 13 years with eight years of active time and will run concurrently with his previously imposed five-year federal term.
• The plea requires more than $3.5 million in restitution, 350 hours of community service, and permanent loss of FDIC banking credentials.
• Prosecutors said victims agreed to the sentencing plan, and court records describe self-loans of about $340,000 and assistance to Alex Murdaugh in diverting client funds.
• With over three years already served under supervision and in custody, he could be released as early as summer 2027.