Current Report Filing (8-k)
July 26 2016 - 9:59AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 25, 2016
FIRST
SOUTH BANCORP, INC.
(Exact Name of Registrant as Specified in
Its Charter)
VIRGINIA
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0-22219
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56-1999749
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(State or other jurisdiction of
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(Commission
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(IRS Employer
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incorporation)
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File Number)
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Identification No.)
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1311 Carolina
Avenue, Washington, North Carolina
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27889
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(Address of principal executive offices)
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(Zip Code)
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(252) 946-4178
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events
On July 25, 2016, First South Bank, the
wholly owned subsidiary of First South Bancorp, Inc. (NASDAQ: FSBK) issued a press release to announce the purchase of mortgage
servicing rights (MSRs) of 452 high-quality Freddie Mac and Fannie Mae loans with an unpaid principal balance of approximately
$84.6 million. The purchase is subject to customary approval from the two investor agencies.
A copy of the press release dated July
25, 2016 is attached to this Report as an exhibit (Exhibit 99.1) and is furnished herewith.
Item 9.01. Financial Statements and
Exhibits
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(d)
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The following exhibit is filed herewith:
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Exhibit
99.1 – Press Release dated July 25, 2016.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized
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First South Bancorp, Inc.
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(Registrant)
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Date: July 26, 2016
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By:
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/s/ Scott C. McLean
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Scott C. McLean
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Executive Vice President
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Chief Financial Officer
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