Easley, SC -- January 30, 2008 -- CommunitySouth Bank & Trust (OTCBB: CBSO) recently participated in the United Way of Pickens County annual pledge drive, raising over $7,500 for the organization.
The Bank’s entire headquarters in Easley, 36 employees at the time, participated in the United Way pledge drive. They raised $7,708, a 57% increase over their 2007 donation. Additionally, over one-third of the employees were Fair Share givers.
The United Way is a non-profit organization that works to unify, fund, and support other non-profit agencies in the area to strengthen the health of and overcome obstacles within that community. The United Way provides resources and information about a variety of programs including financial assistance, healthcare, child care, emergency services, and senior services. Donations made to the United Way are allocated to these member agencies.
“Part of CommunitySouth’s mission is to promote the welfare of our employees and the communities we serve,” said Jeff Kirby, Senior Vice President and Senior Community Banker for the Bank’s Easley office and internal coordinator for the United Way pledge drive. “Giving to the United Way is a great way to strengthen our local community because the funds we donate are used to help those in need right here in our area.”
“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 and are proud that 100% of our employees in the headquarters office participated.”
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.
