First South Bank

Status:Inactive as of 2017-11-01
 Merger - Without Assistance
Successor Bank:CresCom Bank
Headquarters:First South Bank
1311 Carolina Avenue
Washington, NC 27889
Established:1902-01-01
FDIC Insurance:1959-08-06
FDIC Cert:#31084
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:28
Total Assets:$1,072,851,000
Total Deposits:$948,065,000

History

1902-01-01Institution established: Original name:Home Savings and Loan Association
1992-05-22Changed organization type to MUTUAL SAVINGS BANK
1992-05-22Changed name to Home Savings Bank, SSB
1997-04-07Changed organization type to COMMERCIAL BANK
1997-04-07Changed name to NewSouth Bank
1999-11-30Changed name to First South Bank
1999-11-30Acquired Home Federal Savings and Loan Association (27926) in FAYETTEVILLE, NC
2017-11-01Merged into and subsequently operated as part of CresCom Bank (57135) in CHARLESTON, SC

Financial Information (2017-09-30 and Older)