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Business Description

Capital South Bancorp is a bank holding Company headquartered in Birmingham, Alabama serving the banking and financial needs of various metropolitan areas in northern and central Alabama and northeast Florida. The Company operates eight full service-banking offices through its wholly owned bank subsidiaries, Capital South Bank, formerly known as Bank of Alabama, and Capital Bank. The Company also operates commercial loan production offices in Atlanta, Georgia, and Tampa and Fort Lauderdale, Florida, the primary function of which is the origination of real estate-secured loans for sale. The Company offers a wide range of commercial banking services. The Company was originally incorporated as a Delaware corporation in 1990 under the name Financial Investors of the South, Inc. and operated under that name until September 2005, when changed the name to Capital South Bancorp. In 2001, the Company chartered a second bank subsidiary known as Capital Bank. It operates four banking offices in the Jackson, Mississippi metropolitan area. The Company also owns, as an indirect subsidiary of Capital South Bank, an insurance agency, Capital South Insurance, Inc., an Alabama Corporation CS Agency. CS Agency sells life and property casualty insurance and annuities. The Company considers asset quality to be of primary importance. The Company makes commercial mortgage loans to finance the purchase of real property as well as loans to smaller business ventures, credit lines for working capital and short-term seasonal or inventory financing, including letters of credit, that are also secured by real estate. The Company also makes construction and development loans to residential and, to a lesser extent, commercial contractors and developers located within market areas. Construction loans generally are secured by first liens on real estate and have floating interest rates. Construction loans involve additional risks attributable to the fact that loan funds are advanced upon the security of a project under construction, and the value of the project is dependent on its successful completion. The Company's commercial loan portfolio includes loans to smaller business ventures, credit lines for working capital and short-term seasonal or inventory financing, as well as letters of credit that are generally secured by collateral other than real estate. The Company's focus is on service to small and medium-sized businesses. The Company also makes a variety of loans to individuals for personal, family and household purposes, including secured and unsecured installment and term loans. The Company's Business Capital Group originates or facilitates origination of owner-occupied real estate loans for small and medium-sized business customers. The Company's principal source of funds for loans and investing in securities is core deposits. It offers a wide range of deposit services, including checking, savings, money market accounts and certificates of deposit.
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Industry:	Banks - Regional - US
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