First South Bank files to purchase local Bank of
A Notice of Proposed
Branch Purpose and Assumption Notice is given that First
South Bank with headquarters in Washington, NC has filed an
interagency bank merger act application with the Federal
Deposit Insurance Corporation requesting the agency's
written consent to purchase certain assets and liabilities
of nine branches of Bank of American, Charlotte North
Carolina. The branches proposed to be purchased are
located throughout eastern North Carolina including
the Elizabethtown branch.
The classified ad
currently appears in the Charlotte Observer. According
to the announcement, it is contemplated that all current
Bank of American offices listed will continue to be operated
as First South branches.
Other sites mentioned are
located in Goldsboro, Kenansville, Kinston, Kitty Hawk,
Morehead City, Mount Olive, Wallace and Wilson.
an earlier announcement by First South Bank, the transaction
is expected to close in the fourth quarter of 2014,
subject to approval by regulators and satisfaction of
customary closing conditions.
First South has been
serving the citizens of eastern and central North Carolina