<PAGE>
<PAGE>
As filed with the Securities and Exchange Commission
on May 6, 1997
Registration No. 333-22057
_________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
_____________________________________________
NEWSOUTH BANCORP, INC.
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(Exact name of Registrant as Specified in its Charter)
Delaware 56-1999749
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1311 Carolina Avenue, P.O. Box 2047
Washington, North Carolina 27889
(919) 946-4178
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(Address of Principal Executive Offices)
Home Savings Bank, SSB
Employees' Savings and Profit Sharing Plan and Trust
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(Full Title of the Plan)
J. Mark Poerio, Esquire
Joel E. Rappoport, Esquire
Housley Kantarian & Bronstein, P.C.
1220 19th Street, N.W., Suite 700
Washington, D.C. 20036
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(Name and Address of Agent For Service)
(202) 822-9611
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(Telephone number, including area code, of agent for service)
THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE
AUTOMATICALLY UPON THE DATE OF FILING, IN ACCORDANCE WITH SECTION
8(A) OF THE SECURITIES ACT OF 1933.
The registrant hereby removes from registration 5,548 shares
of the Registrant's common stock, par value $.01 per share (the
"Common Stock") issuable to participants in the Home Savings
Bank, SSB Employees' Savings and Profit Sharing Plan and Trust
(the "Plan"), which have not been issued as of the date hereof
pursuant to the Plan. Such shares of Common Stock are being
removed from registration as the Plan no longer permits
investment in the Common Stock.<PAGE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933,
as amended, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Amendment No. 1 to
the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of
Washington, State of North Carolina, on May 6, 1997.
NEWSOUTH BANCORP, INC.
By: /s/ Thomas A. Vann
--------------------------
Thomas A. Vann, President
(Duly Authorized
Representative)
Pursuant to the requirements of the Securities Act of 1933,
as amended, this Amendment No. 1 to the Registration Statement
has been signed by the following persons in the capacities and on
the dates indicated.
<TABLE>
<CAPTION>
Signatures Title Date
- ---------- ----- -----
<S> <C> <C>
/s/ Thomas A. Vann President and Director May 6, 1997
- ----------------------- (Principal Executive Officer)
Thomas A. Vann
/s/ William L. Wall Executive Vice President and May 6, 1997
- ----------------------- Chief Operating Officer
William L. Wall (Principal Financial and
Accounting Officer)
* Director May 6, 1997
- ----------------------
Edmund T. Buckman, Jr.
* Director May 6, 1997
- ----------------------
Linley H. Gibbs, Jr.
* Director May 6, 1997
- ----------------------
Frederick N. Holscher
* Director May 6, 1997
- ----------------------
Frederick H. Howdy
- ---------------------- Director May __, 1997
Charles E. Parker, Jr.
* Director May 6, 1997
- ---------------------
Marshall T. Singleton
* By: /s/ Thomas A. Vann
-------------------
Thomas A. Vann
Attorney-in-Fact
/TABLE
<PAGE>
<PAGE>
Pursuant to the requirements of the Securities Act of 1933, as
amended, the undersigned trustee of the Common Stock Fund under
the Home Savings Bank, SSB Employees' Savings and Profit Sharing
Plan and Trust has duly caused this Amendment No. 1 to the
Registration Statement on Form S-8 to be signed in the City of
Washington, State of North Carolina, on May 6, 1997.
Thomas A. Vann, As Trustee of the Common Stock Fund
under the Home Savings Bank, SSB Employees' Savings and
Profit Sharing Plan and Trust
By: /s/ Thomas A. Vann
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