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In September, CapitalSouth Bancorp (Nasdaq: CAPB) announced that theCompany had completed its merger with Monticello Bancshares, Inc. The mergeradded two banking offices for CapitalSouth Bank in Jacksonville, which willoperate under the CapitalSouth name, giving the bank a total of threelocations in Jacksonville and greatly increasing the convenience available toclients in the market.
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"CapitalSouth Bank's focus is providing clients with the best servicepossible," said Dan Puckett, Chairman and CEO of CapitalSouth. "This newlocation will help us deliver on that promise. We are not a traditional bank;we are a business bank. Our people have the expertise to look beyond thenumbers, and the flexibility to consider all of the factors that makebusinesses work."
A Great Place to Work
Currently, CapitalSouth's Mandarin, Deerwood and Jacksonville Beachlocations are home to over 35 employees. The company plans to open a fourthbranch in San Marco this December. Fred Coble, Jacksonville City President,CapitalSouth said that he is pleased with the success that CapitalSouth Bankhas enjoyed since entering the Jacksonville market. "We're very grateful forthe support and confidence of our clients and are looking forward to continuedgrowth here in Jacksonville."
"I work at CapitalSouth because we have the ability to use our knowledgeto help businesses grow," said Coble. "Most big banks have a box; yourcustomer needs must fit that box, or there is no fit for you. That is not trueat CapitalSouth."
CapitalSouth Bank prides itself on meeting the needs of small to medium-sized businesses in the markets it serves by offering Small BusinessAdministration (SBA) lending services and other loan programs for businessowners through its Business Capital Group, which operates through full-serviceoffices and the loan production office. The Company also provides Internetbanking services at www.capitalsouthbank.com as well as personal investmentservices.
Sandy Bartow, Executive Director of the Jacksonville Regional Chamber ofCommerce's Small Business Center, said, "I am happy to hear of CapitalSouth'scommitment to small business and hope their presence in our city will furthersupport the thriving small business market and our rapidly growing base ofentrepreneurs. We are pleased to welcome them to our community as additionalresource for developing new career and leadership opportunities."
Toy Drive to Mark Grand Opening
To celebrate the arrival of CapitalSouth in the Jacksonville market, eachbranch will be holding a holiday toy drive to benefit children being treatedat Shands Jacksonville, the largest of nine hospitals in the Shands HealthCarefamily and affiliated with the University of Florida. CapitalSouth will matchtoy-for-toy what the community graciously donates.
"These toys will be an inspiration of hope for these children," saidJennifer L. Russ, Manager of Annual Fund, Shands Jacksonville. "The Child LifeProgram at Shands Jacksonville works to meet the challenge of assistingchildren and families in coping with the emotional and psychosocial issuesinherent in medical care."
CapitalSouth
CapitalSouth Bancorp is a bank holding company operating 10 full-servicebanking offices, one mortgage origination office, and one loan productionoffice through its bank subsidiary, CapitalSouth Bank with offices inBirmingham, Huntsville, and Montgomery, Alabama and Jacksonville, Florida, aswell as a loan production office in Atlanta, Georgia; and Mo
