CommerceSouth, Inc. Named to Fortune Small Business 100.Business Editors EUFAULA, Ala.--(BUSINESS WIRE)--June 24, 2002 CommerceSouth, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COSO COSO Committee of Sponsoring Organizations of the Treadway Commission COSO Church of Spiral Oak COSO Corporate South COSO Class of Service Override COSO Combat Oriented Supply Operations (USAF) ), formerly Eufaula BancCorp, Inc., a $270 million bank holding company with offices in Northwest Florida and Alabama has been named among America's "Small Business 100." In the July/August issue of Fortune Small Business, a division of Fortune Magazine. In an article entitled "America's Fastest Growing Small Companies," CommerceSouth, Inc. was the only Alabama-based company and one of only two Florida companies List of Florida companies includes notable companies that are, or once were, headquartered in Florida. A
Greg Faison, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CommerceSouth, stated, "The selection was based on revenue growth, earnings growth, and increase in stock value over the last three years. This is a tremendous accomplishment, and we are very pleased to be included in this elite group. The success that CommerceSouth has achieved is the direct result of the work and dedication of our people. They are the reason that we are looking forward to continued growth and success in the future." The Fortune "Small Business 100" is available for review on the Internet at http://www.fortune.com/lists/Fsb100/index.html and is in the current issue at newsstands. CommerceSouth, Inc. is a multi-bank holding company for First American Bank First American Bank is the name of numerous banks operating separately in each state of the United States. Please refer to the individual articles for more information on each bank. of Walton County, Florida Walton County is a county located in the state of Florida. As of 2000, the population was 40,601. The U.S. Census Bureau 2005 estimate for the county is 50,324 [1]. Its county seat is De Funiak Springs, Florida. with assets of $125 million and locations in Santa Rosa Beach, Panama City, Panama City Beach, Grayton Beach and Freeport, and for Southern Bank of Commerce, Alabama with assets of $145 million and locations in Eufaula and Montgomery, Alabama. Both banks provide full banking services including mortgage services and internet banking. The common stock of the Company is traded on the NASDAQ Small Cap Market under the symbol "COSO." The Company's release contains certain statements which are not historical facts or which concern the Company's future operations or economic performance and which are considered forward-looking statements. When we use words such as "may," "will," "expect," "plan," "project," and "anticipate," we are using forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company cautions that all forward-looking statements involve risks and uncertainties and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors, including information contained in the Company's filings with the SEC. |
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