FSBK First South Bancorp

WASHINGTON, N.C., May 11 /PRNewswire-FirstCall/ -- First South Bancorp, Inc. (NASDAQ:FSBK), parent holding company of First South Bank, has been recognized by the Charlotte Business Journal, Charlotte, North Carolina, in their listing of the top 100 publicly traded companies in the state of North Carolina. The article, which appeared in the Charlotte Business Journal on April 21, 2006, provided a ranking of the top 100 publicly traded companies in North Carolina. The companies were ranked based on market capitalization as of February 2, 2006. First South Bancorp, Inc. was ranked 55th in their top 100 listing. Bill Wall, Executive Vice President and Chief Financial Officer of First South Bancorp, stated, "We are pleased to receive this recognition by the Charlotte Business Journal. This ranking further exemplifies the growing visibility of our company among both the business and investment communities." First South Bank has been serving the citizens of eastern 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. The Bank operates through its main office headquartered in Washington, North Carolina, and has twenty-six full service branch offices and a loan production office located throughout eastern, northeastern, southeastern and central North Carolina. Statements contained in this release, which are not historical facts, are forward-looking statements as defined in the Private Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual operating 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. For More Information Contact: Bill Wall, EVP/CFO (252) 940-5017 Website: http://www.firstsouthnc.com/ DATASOURCE: First South Bancorp, Inc. CONTACT: Bill Wall, EVP-CFO of First South Bancorp, Inc., +1-252-940-5017 Web site: http://www.firstsouthnc.com/

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