First South Bancorp, Inc. Declares Quarterly Cash Dividend

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

SOURCE First South Bancorp, Inc.