INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors Of An Investigation Concerning Whether The Sale Of First South Bancorp, Inc. To Carolina Financial Corporation Is Fair To Shareholders

The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased First South Bancorp, Inc. ("First South" or the "Company") (NASDAQ:FSBK) stock  prior to June 12, 2017 .

You are hereby notified that Levi & Korsinsky, LLP has commenced an  investigation into the  fairness of the sale of First South to Carolina Financial Corporation (NASDAQ: CARO). Under the terms of the transaction, shareholders of First South will receive 0.52 shares of Carolina Financial for each share of First South stock they own; based on the closing price of Carolina Financial stock on June 9, 2017, this represents an approximate value of $32.49 per share. To learn more about the action and your rights,  go to:

http://www.zlkdocs.com/FSBK-Info-Request-Form-ma-6078

or contact Joseph E. Levi, Esq. either via email at  jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.  There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have  recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

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