Phillip A. Lewis Sends Letter to KS Bancorp Seeking Board Nomination
April 05, 2018 at 02:30 pm
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On April 5, 2018, KS Bancorp, Inc. announced that it has received a letter from Phillip A. Lewis that suggests he might run as a director nominee in opposition to a candidate nominated, endorsed and supported by Company’s Board of Directors and senior management team. Further, KS Bancorp requested shareholders to refrain from taking any action with regard to any materials that they may receive from Phillip A. Lewis until they have had an opportunity to receive and review the Company’s proxy materials and the associated white proxy card in connection with its upcoming annual meeting.
KS Bancorp, Inc. is a bank holding company. The Company offers a range of personal and business banking products and services, mortgage products and trust services. The Company operates through its subsidiary, KS Bank, Inc. (the Bank), which conducts its operations through nine full-service branch offices in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks and Smithfield, North Carolina, as well as a loan production office in Dunn. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes deposit and loan products, payroll services (through Flex Pay), merchant card services, cash management and remote deposit. KS Mortgage Services offers mortgage products through a team of mortgage specialists. Its Trust Services Division offers a complete line of trust services, such as money management, individual retirement accounts (IRAs), trust administration and estate administration.