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First Southern Bank Announces Continued Expansion with

Addition of New SBA/USDA Lending Division


BOCA RATON, Fla.--(BUSINESS WIRE)--As part of its ongoing expansion, First
Southern Bank announced today that it will be adding Small Business
Administration (SBA) and United States Department of Agriculture (USDA)
lending as a new line of business. The new division will specialize in
helping Florida business owners secure real estate loans for new
property acquisitions, expansions, modernizations and refinancing, for
those businesses who occupy over 51% of their space. In support of this
new line of business, the bank also announced the hiring of Don
Adams as Senior Vice President & SBA/USDA Lending Manager. With over 35
years of experience in all areas of SBA and USDA loan programs, Adams
will be responsible for growing this business throughout the state of
Florida, with a primary focus on First Southern Bank's South, Central
and North Florida regions. He will report to Joe Losch, Senior Vice
President and Market Executive in First Southern Bank's Central Florida
region.
"We are very excited to be expanding our services into the SBA/USDA
lending area," said Lynne Wines, President and CEO of First Southern
Bank. "The addition of Don will help us to offer additional products and
services to both existing and new clients throughout our franchise."
First Southern Bank's SBA/USDA loans will offer competitive rates with
longer terms, and will provide qualifying businesses 25 year loans with
no balloons or calls, so there is no need for a company to refinance
over and over again.

As a veteran SBA/USDA expert, Don Adams is


both highly experienced and
proficient in preparing all of the forms and
documents needed to turn
the loan qualification process around quickly and
efficiently. Because
of his well-known expertise in the field, Mr.
Adams served as Chairman
on the SBA North Florida District Office Advisory Council for eight
years, and in 2010, he was also selected as one of a few bankers
nationwide to give input to the USDA in Washington, DC on how to enhance
their lending programs.
Prior to joining First Southern Bank, Don Adams was an Executive Vice
President with First Community Bank of Southwest Florida in Gainesville
where he established and managed the day-to-day operations of a
Florida/Georgia Government Guaranteed Lending Division for the bank.
Prior to that, he served as Senior Vice President at First National Bank
Northwest Florida in Panama City, FL. He also held commercial lending
positions at Security Federal Savings Bank of Florida, Bay Bank & Trust
Company and First National Bank, all in Panama City. His past and
present community involvement includes being a Member of the National
Association of Government Guaranteed Region IV Liaison Committee;
Director of Bank Administration Institute (Northwest Florida Chapter);
Treasurer of the Gulf Coast Easter Seal Society; Board Member of Panama
City Contractors Licensing Board; Member of Bay County Chamber of
Commerce Military Affairs Committee; and Chairman of Finance Committee

of the Forest Grove Baptist Church. He earned his undergraduate degree


from the University of West Florida, Pensacola, Florida, and graduated
from the Florida School of Banking at the University of Florida in
Gainesville.
The addition of Adams is part of the bank's growth strategy in the state
of Florida. First Southern Bank launched its expansion plans in early
2010 designed to reach more clients in more markets. As a result, assets
of the bank have grown from approximately $400 million to approximately
$1 billion, the number of branches has grown from only five in South
Florida to fifteen in three of the state's best markets, and the number
of client accounts has grown from approximately 5,400 to approximately
17,000.
First Southern Bancorp (OTCBB: FSOF) had total consolidated assets of
$1.0 billion at September 30, 2012. The Company provides comprehensive
banking products and services through its First Southern Bank franchise.
First Southern's strong capital positions it as one of the most secure
banks in the United States. The bank serves Northeast, South and Central
Florida with 15
locations in St. Johns, Broward, Orange, Osceola, Palm Beach,
Seminole and Volusia counties.

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