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First South Bank files to purchase local Bank of America location
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.
In 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 since 1902.

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