First South Bancorp Inc [Sc] (FSBS)

First South Bancorp Sc is a Bank Holding Company with no operations other than those carried on by its wholly owned subsidiary, First South Bank. The company was organized in 1999, under the laws of South Carolina for the purpose of becoming a Holding company for the Bank. It conducts a general banking business. Its business primarily consists of accepting deposits and making loans. The Bank seeks deposit accounts from households and businesses in its primary market areas by offering a full range of savings accounts, retirement accounts, checking accounts, money market accounts, and time certificates of deposit. First South Bancorp, Inc. also makes commercial, real estate and installment loans, primarily on a secured basis, to borrowers in and around Spartanburg, Richland, and Beaufort Counties in South Carolina and Buncombe County in North Carolina. In addition, The Bank also makes other authorized investments. The Bank conducts the activities from its main office and one branch office, opened in 1997, in Spartanburg, South Carolina, a branch opened in March 2000 in Columbia, South Carolina, a branch opened in July 2003 in Hilton Head Island, South Carolina, and a loan production office opened in 2003 in Asheville, North Carolina. The company's revenues for the most recent fiscal year were $16,500,536.