First South Bancorp Inc /va/ (FSBK) Files Form 4 Insider Buying : L Steven Lee Buys 5,000 Shares

First South Bancorp Inc /va/ (FSBK): L Steven Lee , director of First South Bancorp Inc /va/ purchased 5,000 shares on May 3, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.50 per share for a total value of $42,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, J Randy Woodson (EVP-Chief Banking Officer) purchased 819 shares at $8.50 per share price.On Apr 26, 2016, Steve L Griffin (director) purchased 570 shares at $8.51 per share price.Also, On Apr 21, 2016, Lindsey A Crisp (director) purchased 8,400 shares at $8.49 per share price.On Apr 18, 2016, Bruce W Elder (CEO) purchased 800 shares at $8.45 per share price.

First South Bancorp Inc. is the bank holding company for First South Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing the funds in commercial real estate loans commercial business loans consumer loans and loans secured by first and second mortgages on owner-occupied single-family residences in the Bank’s market area. The Bank makes loans and obtains deposits across eastern and central North Carolina. The Bank offers a range of deposit instruments including checking accounts money market accounts statement savings accounts Individual Retirement Accounts and certificates of deposit. The Bank provides both personal and business online banking services including mobile banking mobile deposits eStatements bill paying access to check images funds transfers between accounts automated clearing house (ACH) originations wire transfers and stop payment orders for checks.

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