First South Bancorp, Inc. Recognized by Business North Carolina
August 14 2006 - 1:40PM
PR Newswire (US)
WASHINGTON, N.C., Aug. 14 /PRNewswire-FirstCall/ -- First South
Bancorp, Inc. (NASDAQ:FSBK), parent holding company of First South
Bank, has been recognized as one of North Carolina's Top 75 Public
Companies by Business North Carolina. The listing which appears in
the August 2006 edition of Business North Carolina, presented their
rankings of North Carolina's Top 75 Public Companies based on total
market value as of June 30, 2006. In addition, they ranked the Top
75 Public Companies by twelve other measures. In their current
rankings, First South Bancorp, Inc. is ranked 51st among the Top 75
Public Companies in North Carolina based on market value as of June
30, 2006. In the Business North Carolina rankings of the Top 75
Public Companies in North Carolina by twelve other measures, First
South Bancorp, Inc. was ranked in the following: - 5th in Net
Margin (latest fiscal year) - 6th in Return on Average Equity
(latest fiscal year) - 7th in Total One-Year Return - 7th in Total
Five-Year Return - 9th in Return on Capital (latest fiscal year)
Bill Wall, Executive Vice President and Chief Financial Officer of
the Company, stated, "We are pleased to be recognized by Business
North Carolina. Their rankings exemplify the growing visibility of
First South Bancorp's performance among the state's largest
publicly traded companies. The 75 companies with the highest market
capitalization were selected as North Carolina's Top Public
Companies in their market value category. We are extremely proud of
our operating performance and for being highly recognized in five
of the Business North Carolina other performance measures." 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 26 full service branch offices and a loan
production office 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 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. Bill Wall (CFO) or Tom Vann (CEO) Phone: (252)
946-4178 Website: http://www.firstsouthnc.com/ DATASOURCE: First
South Bancorp, Inc. CONTACT: Bill Wall, CFO, or Tom Vann, CEO, of
First South Bancorp, Inc., +1-252-946-4178 Web site:
http://www.firstsouthnc.com/
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