Upstate, SC -- June 19, 2008 -- CommunitySouth Bank & Trust (OTCBB: CBSO), the 11th fastest growing company in South Carolina according to South Carolina‘s Fastest-Growing Companies 2007 competition, is pleased to announce another distinction. The local community bank was recently voted Best Bank in Pickens County by the readers of the Easley Progress and Pickens Sentinel.
The 2008 edition of Pickens County’s Picks asked readers to submit their favorites across a wide array of categories, from banks to restaurants and hardware stores to hotels.
CommunitySouth, an Easley-based Upstate community bank, has been in existence for approximately three years. In that time the Bank has grown from its two founders to over 95 employees, and assets of over $380 million. It currently operates offices in Easley, Greenville, Spartanburg, Anderson, Greer and Mauldin and full-service mortgage, investment and insurance divisions.
“We are honored to be voted Best Bank in Pickens County,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth Bank & Trust.“When your neighbors vote you their favorite, it really means something. Our business model has always been based on our number one corporate goal of exceptional customer service. Being voted Best Bank in Pickens County confirms that we are delivering on that essential goal.”
“We want to be the community bank of choice in the Upstate,” said David Miller, President of CommunitySouth.” We offer many benefits other local banks don’t – nationwide free ATMs, extended hours, free business courier service, and free freshly baked cookies from our signature free refreshment center. But what really sets us apart is our people. Our staff of friendly, experienced bankers is among the most talented in the market."
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 $382 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, free online banking and bill pay, nationwide free ATMs, free business courier service, remote deposit service, courtesy overdraft coverage, and more.
For additional information, call 864-306-2540, toll-free at 866-421-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.
