WASHINGTON, N.C., July 21, 2017 /PRNewswire/ -- First South
Bancorp, Inc. (NASDAQ: FSBK) (the "Company"), the parent holding
company of First South Bank (the "Bank"), reports that on
July 20, 2017 the Company's Board of
Directors declared a quarterly cash dividend of $0.035 per share, payable August 18, 2017 to shareholders of record as of
the close of business on August 8,
2017.
This dividend payment is the Company's fourteenth consecutive
quarterly cash dividend and represents a payout ratio of 15.9% of
second quarter 2017 diluted earnings per share.
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,
North Carolina, and has 28 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 First South Bancorp, Inc. investor information may be
accessed on our website at www.firstsouthnc.com.
The Company's common stock symbol as traded on the NASDAQ Global
Select Market is "FSBK".
(NASDAQ: FSBK)
For More Information Contact:
Bruce Elder
(CEO) (252) 940-4936
Scott McLean (CFO) (252)
940-5016
Website: www.firstsouthnc.com
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SOURCE First South Bancorp, Inc.