Upstate, SC -- August 13, 2007 -- CommunitySouth Bank & Trust (OTCBB: CBSO) recently participated in the American Cancer Society’s (ACS) annual Relay for Life, raising more than $3,000 for research to help fight cancer.
The Bank’s newest branch, located at 530 West Wade Hampton Boulevard in Greer, held several fundraising events to raise money for the cause. The team was led by Greer Teller Supervisor Jennifer Polson and participants included Greer Branch Operations Manager Casey McPeters and Mauldin Teller Supervisor Lisa Jackson.
The Bank began their efforts at Fuddruckers in Greer, waiting tables for tips and donating their earnings. The Bank also held a yard sale, donating the proceeds to ACS. On April 30, the Bank gave away CommunitySouth koozies and pens to Chick-Fil-A customers in return for the restaurant donating 25% of its sales during the three-hour period to the ACS. Other fundraising events included selling bracelets and luminary bags for the ACS.
While CommunitySouth received generous donations from employees and customers, the Relay for Life event held on May 18 and entitled “A Night with the Stars” was the Bank’s largest fundraising event.
Relay for Life is an overnight event designed to celebrate survivorship and raise money for ACS research and programs. During the event, teams of people gather and take turns walking or running laps. Each team tries to keep at least one team member on the track at all times. The teams seek sponsorship through pledges and donors prior to the Relay. CommunitySouth’s team, with a theme of Charlie’s Angels, sold freshly baked cookies and coke products from their signature refreshment center during the Relay, donating all money raised. The Bank also raffled off gift baskets containing gift cards donated by local Greer businesses.
The Bank raised a total of $3,352.25 for the ACS through their fundraising efforts, surpassing their goal of $2,500.
“My grandfather was diagnosed with lung cancer over three years ago,” said Polson, the Bank’s team leader. “This issue really hit home for me and participating in this important event was a great way to make a difference in our community.”
“This is a great cause and a wonderful way to make a difference,” said C. Allan Ducker, III, CommunitySouth’s Chief Executive Officer. “We are a locally owned and operated community bank and make it a priority to give back to our community. We were pleased to be a part of this fundraiser.”
Founded in 1913, the American Cancer Society is one of the oldest and largest community-based voluntary health organizations with over 3,400 local offices and more than two million volunteers. The ACS is dedicated to eliminating cancer as a major health problem by prevention, saving lives, and diminishing suffering from cancer through balanced programs of research, education, advocacy, and service.
About CommunitySouth Bank & Trust:
CommunitySouth Bank & Trust (OTCBB: CBSO) commenced operations in the Upstate of South Carolina on January 18, 2005. After completing what was at the time the largest initial public offering ever to fund a South Carolina-based bank, the Company capitalized with $30 million and has since grown assets to over $319 million. In operation for two years, CommunitySouth is one of the fastest growing and most profitable de novo banks compared to peer banks that also opened during 2005.
CommunitySouth is headquartered in Easley, South Carolina and currently operates full-service offices in Easley, Mauldin, Spartanburg, Anderson and Greer. The Company plans to open an additional location in Greenville during the fall of 2007. The Company also operates investment, insurance and full-service mortgage divisions.
CommunitySouth offers a complete line of banking products and services, including commercial, consumer and mortgage loans, personal and business checking and savings accounts, free online banking and bill pay, nationwide free ATMs, free business courier service, remote deposit service, courtesy overdraft coverage, and more.
For additional information, please call us at 864-306-2540, toll-free at 866-421-CSBT, or visit: www.communitysouthbankandtrust.com.
# # #
Certain statements in this news release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future profitability, growth, plans and expectations, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, such as a downturn in the economy, greater than expected non-interest expenses or excessive loan losses, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. For a more detailed description of factors that could cause such differences, please see our filings with the SEC.
Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by our company or any person that the future events, plans, or expectations contemplated by our company will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
