FSBK First South Bancorp

WASHINGTON, N.C., April 23 /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 Charlotte Business Journal based their ranking of the top 100 publicly traded companies in North Carolina on market capitalization as of February 28, 2007. First South Bancorp, Inc. was ranked 58th in their top 100 listing. Bill Wall, Executive Vice President and Chief Financial Officer of First South Bancorp, stated, "We are pleased to be recognized by the Charlotte Business Journal. Their ranking further increases the visibility of First South Bancorp among the top publicly traded companies in North Carolina. In addition, this ranking also provides an additional source of independent information to investors, the business community, and investment analysts." 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 two loan production offices 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 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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