First South Bancorp (FSBK) Appoints Bruce Elder as CEO

March 12, 2012 10:28 AM EDT
First South Bancorp, Inc. (Nasdaq: FSBK) reports that Bruce W. Elder will join the Bank effective March 19, 2012. Mr. Elder will assume the position of President and Chief Executive Officer of the Company and the Bank upon the retirement of Mr. Thomas A. Vann at the end of the third quarter of 2012.

Mr. Elder comes to First South Bank from Crescent State Bank in Cary, NC where he has served as the CFO for the past 14 years. In addition to his service with Crescent State Bank, Mr. Elder has over 25 years of banking experience and has served on the executive management teams of both Mutual Community Savings Bank in Durham, NC and Prosperity Bank and Trust in Springfield, VA. He is a graduate of North Carolina State University with a degree in Accounting and currently maintains his CPA license.


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