Upstate, SC -- February 25, 2008 -- CommunitySouth Financial Corporation (OTCBB: CBSO), parent company of CommunitySouth Bank & Trust, today announced GB “Buddy” White and Toniette Brooks have joined the Bank to head up the newly created CommunitySouth Investment Services.
White has joined the Bank as Senior Vice President and Services Department Manager. White is responsible for developing the Bank’s new Services Department, including managing cash management, insurance and CommunitySouth Investment Services. White has more than 20 years of banking experience, most recently with SunTrust Bank as Senior Vice President and Client Relationship Manager for South Carolina, where he developed the Private Banking and Wealth Services Divisions for South Carolina. White attended North Greenville University and Furman University and is a veteran of the US Air Force. White is a resident of Greenville.
Brooks has joined the Bank as Assistant Vice President and Financial Management Representative. Brooks consults with clients on their financial goals and objectives, and provides investment advice on a wide range of investment products. Brooks brings more than seven years of investment experience to her new position, most recently as Assistant Vice President and Investment Consultant in Pickens and Oconee counties for SunTrust Investment Services. She is Series 7, 63, 26 and Insurance licensed, and holds a Bachelor of Science Degree in Financial Management and Investments from Clemson University. An Easley resident, Brooks is currently the Treasurer of the Business and Professional Women’s Club of Easley.
CommunitySouth Investment Services offers full-service estate planning, retirement planning, business succession planning, wealth transfer, risk management and charitable giving assistance featuring non-FDIC-insured investment products, including stocks, bonds, fixed-income securities, and mutual funds. Securities are offered through Capital Investment Companies, one of the largest independent financial services and brokerage firms in the Southeast. Capital Investment Companies is expanding their presence in South Carolina via their rapidly growing community banking program, Capital Bank Partners.
“As the Financial Advisor for CommunitySouth Investment Services, I can provide clients with advice on a wide range of investment products,” said Brooks. “I can analyze each of my client’s individual financial goals and risk tolerance to determine which investment products and services best meet their needs.”
“We are very pleased that Buddy and Toniette have joined the CommunitySouth team,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth Bank & Trust. “These talented, local professionals will help us provide our customers with an exceptional banking experience. They are excellent additions to our customer-oriented team.”
About CommunitySouth Financial Corporation:
CommunitySouth Financial Corporation (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 $370 million. CommunitySouth was recently named the 11th fastest growing company in South Carolina, according to South Carolina‘s Fastest-Growing Companies 2007 competition.
CommunitySouth is headquartered in Easley, South Carolina and currently operates full-service offices in Greenville, Spartanburg, Anderson, Greer, Mauldin and Easley. The Company also operates full-service investment, insurance and 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, online banking and bill pay, nationwide free ATMs, free business courier service, its signature free refreshment center, and more.
For more information about CommunitySouth, call toll-free 866-421-CSBT, or visit communitysouthbankandtrust.com.
About Capital Investment Companies:
CommunitySouth Capital Investment Companies is comprised of Capital Investment Brokerage, Inc. and Capital Investment Group, Inc., registered broker/dealers (Members FINRA/SIPC), and their affiliates. Capital Investment Companies (www.capinvestco.com) is one of the largest independent financial services and brokerage organizations in the Southeastern United States, headquartered in Raleigh, NC. The firm offers a wide variety of financial services, including traditional investment brokerage, money management, investment banking, trust services, no-load mutual fund management, mortgage services, estate planning, insurance services, retirement plan and a community foundation. They offer their services to individuals, corporations, and the CPA and banking community.
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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.
