From First South Bancorp, Inc.

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 Nags Head to a new full service banking office located at 3105 North Croatan Highway in Kill Devil Hills.

The new full service banking office opened for business on Aug. 4. This new full service branch office is a free standing banking facility located as an outparcel within the Seagate North Shopping Center. The new location will provide greater visibility and convenience to First South Bank’s Outer Banks customers, including a drive-up ATM, two drive-thru customer service lanes, safe deposit boxes and a commercial night depository.  In-branch services are complimented with a full line of electronic and mobile banking products.  The new full service branch may be reached at the same telephone, 252-441-9935, and fax, 252-441-5400, numbers as the previous office location.

The focus of the new Kill Devil Hills full service branch will be on marketing First South Bank’s loan and deposit products and services to local businesses, professionals, mortgage customers, and individual borrowers and depositors.

Skipper Hines, who has 27 years banking experience serves as senior vice president and area executive for the Outer Banks region; John Gardner, with 10 years banking experience serves as vice president and commercial banking officer; Linda Algood, with 39 years banking experience serves as vice president and branch manager; and Tatiana Vorobyeva and Tracy Stratton with 3 years banking experience each will serve as customer service associates for the new office.

“The new Kill Devil Hills full service office will help us better serve the needs of our growing customer base in the greater Outer Banks and Dare County market area,” Hines 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.”

Bruce Elder, president and chief executive officer said, “The move from a limited service facility to this new full service office demonstrates our total commitment to the people of eastern North Carolina, the Outer Banks and Dare County. First South Bank is dedicated to providing the best possible service to both our future and existing customers.”

First South Bank has been serving the citizens of eastern and central North Carolina since 1902 and offers a variety of financial products and services, including a leasing company.  Securities brokerage services are made available through an affiliation with an independent broker/dealer. The bank operates through its main office headquartered in Washington and has 26 full service branch offices located throughout eastern and central North Carolina.

First South Bancorp, Inc. may be accessed on its website at www.firstsouthnc.com.  The Company’s common stock symbol as traded on the NASDAQ Global Select Market is “FSBK.”