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First South Bancorp, Inc. Recognized by Amercian Banker

First South Bancorp, Inc. Reports 17.5% Increase in September 30, 2006 Quarterly Earnings (unaudited)

First South Bancorp, Inc. Declares Quarterly Cash Dividend

First South Bancorp, Inc. Recognized By American Banker

First South Bank Receives Outstanding CRA Rating

First South Bancorp, Inc. Recognized by Business North Carolina

First South Bancorp, Inc. Recognized by ABA Banking Journal

First South Bancorp, Inc. Reports 32.7% Increase in June 30, 2006 Quarterly Earnings (unaudited)

First South Bancorp, Inc. Announces Its Inclusion In The New NASDAQ Global Select Market

First South Bancorp, Inc. Ranked 6th in United States by US Banker

First South Bancorp, Inc. Recognized by American Banker

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