FSBK First South Bancorp

WASHINGTON, N.C., April 4 /PRNewswire-FirstCall/ -- First South Bancorp, Inc. (NASDAQ:FSBK), parent holding company of First South Bank, is pleased to announce the opening of a new First South Bank Loan Production Office ("LPO") located at 7210 Wrightsville Avenue, Wilmington, North Carolina. The LPO opened for business on April 2, 2007 and is First South Bank's first office in the Wilmington and New Hanover County market area. The initial focus of the LPO will be on marketing First South Bank's residential construction loan products to residential homebuilders, individuals and residential subdivision developers. Charlie Ruffin, who has thirty-six years total banking experience and twenty-three years of residential construction lending in the Wilmington market area, will serve as Vice President and Residential Construction Lender, with Gina Marcum and Sherry Richardson serving as loan officer assistants for the new office. The new office may be reached by phone at 910-798-6102. "The Wilmington LPO will help us serve the residential construction needs of the growing Wilmington and New Hanover County market area," First South Bank President and CEO Tom Vann said. "The new LPO 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 residential construction loan products." Vann said, "The Bank is excited about the new LPO and the additional level of residential construction lending services it will provide to the Wilmington market area. This LPO is a statement of our total commitment to the people of southeastern North Carolina and New Hanover County. First South Bank is dedicated to providing the best possible service to our 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 twenty-six 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 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. For More Information Contact: Charlie Ruffin (910-798-6104) Tom Vann, CEO (252-940-4916) or Bill Wall, CFO (252-940-5017) Website: http://www.firstsouthnc.com/ DATASOURCE: First South Bancorp, Inc. CONTACT: Charlie Ruffin, +1-910-798-6104, Tom Vann, CEO, +1-252-940-4916, or Bill Wall, CFO, +1-252-940-5017, all of First South Bancorp, Inc. Web site: http://www.firstsouthnc.com/

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