First South Bancorp, Inc. and Subsidiary Appoint New Board Members

WASHINGTON, N.C., April 16, 2015 /PRNewswire/ -- First South Bancorp, Inc. (NASDAQ: FSBK) (the "Company"), the parent holding company of First South Bank (the "Bank"), has announced the appointment and election, respectively, of two new Directors. The Boards for both the Company and the Bank have increased their size from seven to nine members.

Effective as of March 26, 2015, both Lindsey A. Crisp and Steve L. Griffin were appointed as new Directors of the Company and elected as new Directors of the Bank. Both Mr. Crisp and Mr. Griffin will stand for election at the Company's annual meeting of shareholders to be held on May 28, 2015.

Mr. Crisp joined Carver Machine Works, Inc. of Washington, North Carolina in 2005, and currently serves as its President, Chief Executive Officer (CEO) and as a Board Member. He was previously employed with Dixon Hughes, LLP, Certified Public Accountants from 2001 to 2005 as a Manager and a Senior Manager. Mr. Crisp is a graduate of East Carolina University, Greenville, North Carolina, with a BS degree in Accounting, and is a Certified Public Accountant. He is also a Chartered Global Management Accountant.

Mr. Crisp has previously served as an Advisory Board Member of Wells Fargo Bank in Washington, N.C. He currently serves as a Board Member of the Beaufort County Committee of 100 and is the current Chairman of the Beaufort County Director's Council for Vidant Health. He is a former Commissioner of the Greenville Housing Authority, Greenville, N.C.; former Treasurer of the North Carolina Aerospace Alliance; former Board Member of the East Carolina University Engineering Advisory Board; and was previously a Certified Valuation Analyst.

Mr. Crisp is a member, Elder and Finance Chair of the First Presbyterian Church in Washington, N.C. He is married to Mary Beth Crisp and they have a son and a daughter.

Mr. Griffin is self-employed in the agribusiness field. He is President and owner of Griffin Farms, Inc., and owner of Gold Petiole Farms, LLC and Big Swamp, LLC. Mr. Griffin attended North Carolina State University in Raleigh. He has also attended the Monsanto Corporation's Leadership School.

Mr. Griffin has previously served as an Advisory Board Member of Wells Fargo Bank in Washington, N.C. He currently serves as President of the North Carolina Small Grain Growers Association and is on the Board of Directors of the Old Ford Fire Department. He is a member of the following organizations: Beaufort County Farm Service Agency Committee, past Chairperson; Beaufort County Farm Bureau, past President; North Carolina Peanut Growers Association, past Director; and North Carolina Tobacco Growers Association.

Mr. Griffin is a member First United Methodist Church in Washington, N.C. He is married to Pamela Griffin and they have one son.

Bruce Elder, President and CEO of First South Bank commented, "We are fortunate to have people of Lindsey and Steve's caliber join the First South boards. Both gentlemen bring important and unique qualities to the group as we strive to provide the communities we proudly serve with a you-first banking experience. Lindsey is a CPA and as President and CEO of a successful manufacturing concern, brings an independent financial expertise and knowledge of what the business community needs from its banking partner. Steve is the owner and President of a successful farming operation in Washington, N.C. First South Bank made a commitment to serve the agribusiness industry in late 2013 and Steve's knowledge of the industry will be invaluable to our Ag Team as we build lasting relationships with local farmers."

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 to business and individual customers. The Bank operates through its main office headquartered in Washington, N.C., and has 34 full service branch offices located throughout eastern and central North Carolina.

The Bank also provides a full menu of leasing services through its wholly-owned subsidiary, First South Leasing, LLC. In addition, under its First South Wealth Management division, the Bank makes securities brokerage services available through an affiliation with an independent broker/dealer.

Additional investor information for the Company and the Bank may be accessed on our website at www.firstsouthnc.com.

For more information contact:
Bruce Elder (CEO) (252) 940-4936
Scott McLean (CFO) (252) 940-5016
Website: www.firstsouthnc.com

SOURCE First South Bancorp, Inc.

Related Links

http://www.firstsouthnc.com