First South Bancorp - FSBK- Profile

First South Bancorp, Inc. is a one bank holding company accepts deposits and making loans through its wholly owned subsidiary First South Bank and operates through two branches located in Spartanburg and South Carolina. The bank seek deposit accounts from household and businesses in its primary market areas by offering a full range of savings accounts, retirement accounts, checking accounts, money market accounts, and time certificate deposit. The bank also makes commercial, real estate and installment loans on a secured basis, to borrowers in and around Spartanburg Country. Interest and fees on loans accounted for 80% of 1999 revenues; other interest income, 16% and non-interest income, 4%.