Type: Public
On the web: http://www.firstsouthnc.com
Employees: 294
Employee growth: 16.7%

First South Bancorp (not to be confused with the South Carolina company of the same name) is the holding company for First South Bank. Founded in 1902, the bank has about 30 offices throughout the eastern half of North Carolina. Its deposit products include checking, savings, and money market accounts; CDs; and IRAs; these are used to fund a variety of loans. Commercial real estate loans comprise more than half of the bank's loan portfolio, which is rounded out by construction loans (more than 20%), residential mortgages, home equity loans, and business and consumer loans. Retail investment services are offered through a pact with UVEST; bank subsidiary First South Leasing provides equipment lease financing.

Key numbers for fiscal year ending December, 2007:
Sales: $80.2M
One year growth: 4.2%
Net income: $17.0M
Income growth: (1.1%)

Officers:
Chairman: Frederick N. Holscher
President, CEO, and Director; President and CEO, First South Bank: Thomas A. Vann
EVP, CFO, and Secretary, First South Bancorp and First South Bank: Regional Banks & Thrifts

Competitors:
ECB Bancorp
Southern BancShares
Wachovia Corp