Easley, SC -- June 6, 2007 -- Today CommunitySouth Bank & Trust (OTCBB: CBSO) held its official ribbon-cutting ceremony to celebrate the grand opening of its Operations Center in Easley.
The ceremonial ribbon was cut by Chief Executive Officer C. Allan Ducker, III, Chief Financial Officer John W. Hobbs, Chief Credit Officer Tom Hale,
Easley City Executive Jeff Kirby,
and Easley Chamber of Commerce Executive Director Kent Dykes.
At the event, Ducker spoke on the Bank’s expansion as an indicator of its success and of CommunitySouth’s commitment to the Upstate community.
“We are very excited about the opening of our new 3,000 square foot, Operations Center,” said Ducker. “The fact that we’ve outgrown our Easley headquarters in just two short years is a great indicator of our commitment to growth and to the City of Easley itself.”
“At CommunitySouth, we have a passion for our customers and for giving unparalleled customer service,” Ducker continued. “Our new Operations Center will increase our efficiency and productivity, and will allow us to continue to offer our customers a superior level of customer service.”
The newly constructed 3,000 square foot Operations Center is located directly behind the Bank’s headquarters on Calhoun Memorial Highway in Easley. It features 11 spacious cubicles, five offices, a state-of-the-art secure file room, staff kitchen, and conference room. Ten CommunitySouth employees currently occupy the new space, leaving room for future expansion.
The Bank is open six days a week with extended banking hours; Monday through Friday from 8:00 a.m. to 6:00 p.m. and Saturday from 9:00 a.m. to 12:00 p.m.
About CommunitySouth Bank & Trust:
CommunitySouth Bank & Trust (OTCBB: CBSO) commenced operations in the Upstate of South Carolina on January 18, 2005. After completing the largest initial public offering ever for a South Carolina-based bank at the time, the Company capitalized with $30 million and has since grown assets to over $300 million.CommunitySouth is one of the fastest growing and most profitable de novo banks in the country, compared to peer banks that also opened during the first quarter of 2005.
CommunitySouth is headquartered in Easley, South Carolina and currently operates full-service banking offices in Easley, Mauldin, Spartanburg, Anderson and Greer, and plans to open additional offices in Greenville and Spartanburg in 2007.The Company also operates a full-service mortgage division.
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 864-421-CSBT, or visit: www.communitysouthbankandtrust.com.
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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.
