First South Bank Opens New Retail Banking Office

WASHINGTON, N.C., April 17 /PRNewswire-FirstCall/ -- First South Bancorp,
Inc. (Nasdaq: FSBK), parent holding company of First South Bank, reports the
First South Bank loan production office located at 904 A West Broad Street,
Dunn, North Carolina has converted to a retail banking office.
The office began operating as a retail banking office on April 14, 2008
and is First South Bank's first retail banking office in the Dunn and Harnett
County market area. The initial focus of the new retail banking office will
be on marketing the Bank's loan products and deposit services to local
businesses and individuals, including: commercial and consumer loans,
residential mortgage and construction loans, certificates of deposit and money
market accounts.
Chad Massengill, who has eleven years banking experience in the Dunn
market area, will serve as Assistant Vice President and manager of the new
retail banking office, along with Caroline Ennis who has three years banking
experience serving as loan officer assistant and retail sales associate.
The new office may be reached by phone at 910-892-2861.
"The new retail banking office will help us serve the needs of our growing
customer base in the Dunn and Harnett County market area," First South Bank
Senior Vice President and Area Executive Tim Brown said. "The new office will
offer the same hometown atmosphere that our customers have come to expect from
First South Bank, as well as a convenient location, an experienced staff, and
a variety of loan and deposit products."
Brown said, "The Bank is excited about the new retail banking office and
the additional level of services it will provide to the Dunn market area. This
office is a statement of our total commitment to the people of eastern North
Carolina and Harnett County. First South Bank is dedicated to providing the
best possible service to both our current and future customers."
First South Bank has been serving the citizens of North Carolina since
1902 and offers a variety of financial products and services, including a
Leasing Company and securities brokerage services through an affiliation with
a broker/dealer. First South Bank operates through its main office
headquartered in Washington, North Carolina, and has thirty full service
branch offices and two loan production offices located throughout central,
eastern, northeastern and southeastern North Carolina.
Statements contained in this release, which are not historical facts, are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially from those
currently anticipated due to a number of factors which include, but are not
limited to, factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time.
(Nasdaq: FSBK)

For More Information Contact:
Tim Brown (910-483-2752)
Chad Massengill (910-892-2861) or
Bill Wall, CFO (252-940-5017)
Website: http://www.firstsouthnc.com

SOURCE First South Bancorp, Inc.

Tim Brown, +1-910-483-2752, or Chad Massengill, +1-910-892-2861, or Bill Wall,
CFO, +1-252-940-5017, First South Bancorp, Inc.