WASHINGTON, N.C., Nov. 28, 2014 /PRNewswire/ -- First South Bancorp, Inc. (NASDAQ: FSBK), parent holding company of First South Bank, is pleased to announce the opening of a new Loan Production Office (the "LPO") to be located at 3917 University Drive, Durham, North Carolina. This will be a temporary location for the LPO until March when the permanent location is open at 3511 Shannon Road in Durham. The LPO will open for business on December 1, 2014 and will complement First South's full service banking facility located at 4215 University Drive.
"While we have had a successful branch presence in Durham since 2004, the new LPO demonstrates a greater commitment by First South Bank to serve the financial needs of businesses in the Durham, Chapel Hill and Hillsborough markets. We are excited to add a quality and experienced team of commercial relationship managers who will work closely with the existing branch staff to ensure First South Bank consistently offers a 'you first' banking experience," First South Bank President and CEO Bruce Elder said.
Introducing the Durham Team:
Danny Lloyd, Market Executive, SVP: Danny is a Durham native with over 28 years total banking experience and 14 years of commercial lending experience in the Triangle market area. He is active in the community, serving as President-Elect of the Friendly North State Sertoma Club and Treasurer of Durham Crime Stoppers.
Wes Pope, Commercial Relationship Manager, SVP: Wes is a Chapel Hill native and has over 33 years total banking experience and 27 years of commercial lending experience in Durham and Chapel Hill. He is a board member and immediate past Treasurer of SECU Family House of UNC Hospitals, an advisory board member of the American Red Cross of Central North Carolina, and a member of the East Chapel Hill Rotary Club.
First South Bank has been serving the citizens of eastern and central North Carolina since 1902 and offers a variety of financial products and services, including leasing. In addition, securities brokerage services are made available through an affiliation with an independent broker/dealer. First South Bank operates through its main office headquartered in Washington, North Carolina, and has 26 full service branch offices located throughout eastern and central North Carolina.
First South Bancorp's common stock is listed on the NASDAQ Global Select Market under the symbol "FSBK". Additional corporate information, product and service descriptions and online services are available to investors and customers through First South Bank's website at www.firstsouthnc.com.
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 the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, the effects of competition, and including without limitation to other factors that could cause actual results to differ materially as discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.
For More Information Contact:
Bruce Elder, CEO (252-940-4936) or
Nicole Ham, HR Manager, (252-940-4934)
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SOURCE First South Bancorp, Inc.