FIRST SOUTH BANCORP INC
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First South Bancorp, Inc. operates as the holding company for First South Bank that provides commercial banking services in North Carolina. The bank engages in generating deposits and originating loans. Its deposit products include checking accounts, money market accounts, statement and passbook savings accounts, individual retirement accounts, and certificates of deposit. First South Bank's loan portfolio comprises residential mortgage loans that include single-family residential, multifamily residential, and construction loans; commercial loans encompassing commercial real estate, commercial business, and lease receivable loans; consumer loans, which consists of automobile, savings account, and home equity loans; and loans secured by first mortgages on owner-occupied, single-family residences. It primarily invests in the U.S. government and agency securities, and mortgage-backed securities. First South Bancorp was founded in 1959 and is based in Washington, North Carolina.