K S Bancorp, Inc.

Detailed Description

KS Bancorp, Inc. operates as the bank holding company for KS Bank, Inc. that provides a range of community banking services to consumers and businesses. The company offers personal deposit accounts, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposit; and loan products, including auto, boat and marine, recreational, deposit/investment secured, debt consolidation, home purchase, home refinance, construction/permanent, and home equity loans, as well as home equity lines of credit and credit cards. It also provides business and commercial checking, commercial money market, and payroll card accounts; construction loans, such as builders' speculative and pre-sale and commercial builder loans; commercial loans, including equipment, facilities purchase, debt refinancing, and real estate loans; and seasonal cash needs, inventory financing, and receivables financing lines of credit. In addition, the company offers merchant, payroll, overdraft protection, cash management, and remote deposit services; and mortgage services. Further, it provides wealth management services comprising integrated solutions, such as fiduciary and trust, investment management, banking and lending, and brokerage and insurance financial advisory services; and electronic statements, as well as mobile and online banking services. It operates through nine full service branch offices located in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks, and Smithfield, North Carolina. The company was incorporated in 1924 and is headquartered in Smithfield, North Carolina.