First South Bank, a wholly-owned banking subsidiary of First South Bancorp, Inc. announced that John Okerson has been selected as the new Director of Leasing for the Bank's subsidiary, First South Leasing. John Okerson will succeed the leadership responsibilities at First South Leasing after current Director, Donnie Bunn, retires in May 2017.

In recruiting a Director of First South Leasing, the Bank desired a leader with extensive experience in the equipment financing arena and someone who understands the needs and concerns of small business owners. Prior to joining First South Leasing, Okerson spent twelve years at Siemens Financial Services, Inc. in Malvern, PA where he provided equipment financing solutions for businesses in industrial production, healthcare and energy. John has bank sales experience from his time working as a Commercial Relationship Manager for two financial institutions in northeastern United States. Additionally, Okerson has experience as an entrepreneur.

Bruce Elder, President and CEO of the Bank, said, "We are fortunate to have attracted a person with John's experience and background to direct the sales and operations functions at First South Leasing. Under John's leadership, we expect to see greater growth penetration in existing markets and new equipment types."

The Bank looks forward to Okerson bringing his experience in lease negotiation and financing solutions to the customers of eastern and central North Carolina. We view this as an opportunity to strengthen the business communities of our footprint by expanding the offerings of First South Leasing. These businesses drive economic growth and development, and the Bank strives to serve as a partner to their success.

"I am excited to join First South Bank as Leasing Director," said Okerson. "I have been in banking and leasing for most of my career; and I look forward to the challenge of expanding the value First South Leasing can offer by tailoring valuable solutions to the specific needs of business owners of eastern and central North Carolina."

Okerson recently moved to Washington, North Carolina from Phoenixville, Pennsylvania. He is setting down roots in Washington and has already begun to engage in community organizations and activities.