FSBK First South Bancorp

WASHINGTON, N.C., April 24 /PRNewswire-FirstCall/ -- First South Bancorp, Inc. (NASDAQ:FSBK), parent holding company of First South Bank, is pleased to announce the relocation of First South Bank's banking office in Durham, North Carolina to a newly renovated full service banking office located at 4215 University Drive. The full service banking office opened for business on April 23, 2007 and is First South Bank's second office in the Raleigh-Durham and Triangle market area. This office is a full service branch that includes an ATM, drive thru window and a commercial night depository. The new full service branch may be reached by phone at 919-403-1000. The focus of the new Durham full service branch will be on marketing First South Bank's loan and deposit products and services to local businesses, professionals, mortgage customers, residential home builders, commercial builders and individual borrowers and depositors. Joe Johnson, who has 28 years banking experience in the Durham market area, will continue to serve as Senior Vice President and City Executive; Jeff Wray with 6 years experience will serve as a commercial lender; Michelle Winfrey with 15 years experience will be the loan officer assistant and retail sales associate; and Terry Batson with 19 years experience and Marie Thomas with 17 years experience will serve as customer service associates for the new office. "The Durham full service office will help us better serve the needs of our growing customer base in the Raleigh-Durham and Triangle market area," First South Bank Executive Vice President and Chief Operating Officer Larry Mallard said. "The new office 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 wide variety of financial products and banking services, including both commercial and individual loans and deposit products, and business accounts and services." Joe Johnson, Senior Vice President and City Executive said, "First South Bank is excited about our new Durham office and the additional level of lending and deposit services it will provide to our growing Raleigh-Durham and Triangle area customer base. This new office is a statement of our total commitment to the people of Central North Carolina and Wake and Durham counties. First South Bank is dedicated to providing the best possible service to our future and existing customers." 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. 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: Joe Johnson (SVP: 919-403-5210) Larry Mallard (COO: 919-783-4712) or Bill Wall (CFO: 252-940-5017) Website: http://www.firstsouthnc.com/ DATASOURCE: First South Bancorp, Inc. CONTACT: Joe Johnson, SVP, +1-919-403-5210, or Larry Mallard, COO, +1-919-783-4712, or Bill Wall, CFO, +1-252-940-5017, all of First South Bancorp, Inc. Web site: http://www.firstsouthnc.com/

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