Greenville, SC -- February 12, 2008 -- CommunitySouth Bank & Trust (OTCBB: CBSO) today announced Roger Foster has joined the Bank as Vice President and Community Banker for the Greenville area.
Based in the Bank’s office on Laurens Road in Greenville, Foster is responsible for developing, managing and enhancing business banking relationships in the greater Greenville market by providing a full range of loan, deposit and ancillary services to clients.
Foster has more than 13 years of banking experience, most recently as Assistant Vice President and Commercial Lender for Independence National Bank. A resident of Greenville for over 20 years, Foster attended Bob Jones University, School of Applied Studies for Business and graduated from the South Carolina Bankers School, and the South Carolina Bankers Association Commercial and Consumer Lending Schools. He is active with the Rotary Club of Greenville.
“We are very pleased that Roger has joined the CommunitySouth team,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth Bank & Trust. “His roots in the Greenville community, extensive financial services experience, and customer-oriented style make him an important asset to our team.”
CommunitySouth’s Greenville office, located at 2415 Laurens Road at the corner of Woodruff Road, is the Bank’s sixth branch and its first location in Greenville. The 4,700 square foot Greenville office features state-of-the-art flat screen televisions, the Bank’s signature Free Refreshment Center with free freshly baked cookies, hot coffee, cold soft drinks and spring water, 24-hour ATM, drive-thru, night depository, safe deposit boxes, and free business courier service. The full-service branch also houses offices for commercial lending, the mortgage department and CommunitySouth Investment Services.
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 $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 Bank & Trust, call toll-free 866-421-CSBT, or visit 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.
