South Carolina legislation · 126th General Assembly
South Carolina S1116: Kingstree Federal Savings and Loan
Status: Passed both chambers, April 14, 2026
What the bill says
From the introduced text, April 14, 2026:
2025-2026 Bill 1116 Text of Previous Version (Apr. 14, 2026) - South Carolina Legislature Online South Carolina General Assembly 126th Session, 2025-2026 Bill 1116 Indicates Matter Stricken Indicates New Matter (Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.) A senate RESOLUTION TO RECOGNIZE AND HONOR Kingstree Federal Savings and Loan upon the occasion of its one hundredth anniversary AND TO commend it for a century of BUSINESS in south carolina. W hereas, the members of the South Carolina Senate are pleased to recognize Kingstree Federal Savings and Loan upon its one hundredth anniversary; and W hereas, in early 1926, a group of Kingstree business leaders, headed by Mr. W. H. Welch, saw a need to provide a safe place for local citizens to save their hard-earned money and means to help them buy homes for their families; and W hereas, records show that a for-profit Kingstree Building and Loan had operated in Kingstree earlier but failed in 1925, when the Bank of Williamsburg failed and lost all its deposits, including those of Kingstree Building and Loan; and W hereas, since these leaders wanted the new building and loan profits reinvested in the community, they decided that the depositors would be the owners. In March 1926, they secured commitments from forty local citizens totaling fifty …
Sponsors
- Ronnie Sabb (D, 32) · primary sponsor
Latest actions
- : Introduced and adopted
Common questions
- What is S1116?
- S1116 is a bill in the South Carolina Legislature (126th General Assembly): Kingstree Federal Savings and Loan.
- What is the status of S1116?
- Passed both chambers as of April 14, 2026. Latest action: Introduced and adopted (April 14, 2026).
- Who sponsored S1116?
- Ronnie Sabb (D, 32).
- Where is the official record for S1116?
- On the South Carolina Legislature website: https://www.scstatehouse.gov/sess126_2025-2026/bills/1116.htm
Source: official South Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.