About First South NC
First South NC is a Financial Services company based in United States founded in 1902, and was acquired by CresCom Bank in June 2017. Commercial bank. Its chief executive, as recorded, is Bruce Elder. Its focus areas include Banks and Commercial Banks. Its legal entity is FIRST SOUTH BANCORP INC /VA/. Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
First South Bank was founded in 1902 in Washington, United States, and operates as a commercial bank within the financial sector. Core activities include the provision of deposits, loans, and related financial services to businesses and individuals. Operations are centered in the United States, with a focus on regional banking needs. Leadership is held by Bruce Elder as CEO and President, and the banks online presence is maintained through firstsouthnc.com.
- Headquarters Washington, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website firstsouthnc.com
- Social LinkedIn X Facebook
- Acquired by CresCom Bank (Jun 2017)
- Legal Name First South Bancorp Inc /Va/
- Net Profit$6.96 M (USD)49as on Dec 31, 2016
- Latest Funding Round$16.5M (USD), Post-IPO
Jun 2017
- Investors
- Acquired byCresCom Bank
(Jun 2017)
Funding Insights of First South NC
- Total Rounds 3
- Last Round Post-IPO — $16.5M
- First Round $7.5M
(May 2004)
All 3 funding rounds of First South NC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $16.5M | Post-IPO | – | – | – |
| Dec 2013 | $588,789 | Post-IPO | – | – | – |
| May 2004 | $7.5M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in First South NC
First South NC has secured backing from 1 investor. Prominent investors backing the company include CresCom Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are offered in the United States. | 1997 | haveanicebank.com | Charleston, United States |
Investor details for First South NC
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People of First South NC
22 people are tracked at First South NC (15 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Bruce Elder | CEO & President | Leadership |
Tom Proffitt | Vice President, Asset Manager | Leadership |
Margaret Wood | Vice President, Mortgage Loan Officer | Leadership |
Hunter Simmons | President & CEO | Leadership |
Elisha Freeman | Vice President | Leadership |
Helen Masten | Senior Vice President Commercial/consumer Loan Operations | Leadership |
Mary Katherine Saunders | Senior Vice President/commercial Relationship Manager | Leadership |
Rita Bryant | Senior Vice President | Leadership |
Rhonda McLeod | Vice President/community Banker | Leadership |
David Zabriskie | Senior Vice President Commercial Lending | Leadership |
Melissa Wober | City Executive- Commerical Banker- Vice President | Leadership |
Lori Rozier | Mortgage Loan Officer/ Vice President | Leadership |
Dwayne Baker | Senior Vice President | Leadership |
Norman Osborn | Senor Vice President And Regional Executive | Leadership |
Rich Earley | Appraisal Review Officer, VP | Leadership |
Kahlia Young | Financial Services Associate | Team |
Sarah Elliot | Loan Administration | Team |
Eric Mullett | Commercial Relationship Manager | Team |
Sam Schneider | Commercial Lending Officer | Team |
Bob Bond | SVP | Team |
2 more people are available in the full profile.
Complete people profiles for First South NC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of First South NC
5 dated milestones of First South NC across 115 years, from founding to its latest funding, stage changes and deals.
- Founded First South NC is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $7.5M.
- Exit Acquired by CresCom Bank.
- Funding Latest funding round, Post-IPO, of $16.5M.
Competitors of First South NC
First South NC has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of First South NC
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Web traffic of First South NC
Websites that share an audience with First South NC (firstsouthnc.com).
Websites whose visitors overlap most with First South NC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
thecornerstonebank.com | thecornerstonebank.com | 100% | – | ||
| efirstflight.com | 96% | #852,394 | View details | ||
| fmbnc.com | 94% | 18.7K | #1,078,309 | View details | |
southcountybank.com | southcountybank.com | 90% | – | ||
| mfbonline.com | 90% | 17.5K | #1,448,801 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for First South NC
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- Audience overlap
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Related news about First South Nc
Complete news archive for First South NC
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Frequently Asked Questions about First South NC
First South NC was founded in 1902 and raised its 1st funding round 102 years after it was founded.
First South NC is headquartered in United States. It is registered at Washington, United States.
Bruce Elder is the CEO of First South NC, as recorded in our data.
First South Bank was founded in 1902 in Washington, United States, and operates as a commercial bank within the financial sector. Core activities include the provision of deposits, loans, and related financial services to businesses and individuals. Operations are centered in the United States, with a focus on regional banking needs. Leadership is held by Bruce Elder as CEO and President, and the banks online presence is maintained through firstsouthnc.com.
First South NC's top competitors include Truist, Citi and Equity Bank.
First South NC has 1 investor. Key investors include CresCom Bank.
First South NC operates through First South Bancorp Inc /Va/.
Yes. First South NC was acquired by CresCom Bank in June 2017.