Raleigh, NC…North State Bank opened its office in West Raleigh today, announced Larry D. Barbour, president and CEO for North State Bank.
"Opening this office is a great step in our expansion efforts," commented Barbour. "It adds to the level of convenience for our Raleigh customers, and allows us to offer relationship banking service to a new market. Serving the physicians and practices, as well as other professionals, individuals and businesses in and around Rex Hospital, will be a focus for us."
The West Raleigh office is a full-service office, featuring enclosed drive-through lanes and a drive-up ATM. The new facility is located at 2413 Blue Ridge Road, across from Rex Hospital. Robert D. "Bobby" Ross will lead the staff, serving as senior vice president and West Raleigh executive. Sheri Bragg, assistant vice president, serves as branch manager. Ross and Bragg will be joined by Laura Dillard, mortgage originator; Andrew T. Wheeler, head teller, Jenna Whaley, teller, Catherine Grogran, customer service representative; and, Sangeeta Shah, administrative assistant.
North State Bank is a community bank serving Wake County with four offices: full-service offices on Falls of Neuse in Raleigh, on Highway 70 West in Garner, and now in West Raleigh, and a loan production office in the Wakefield Corporate Center. Plans call for a corporate headquarters and full-service location at the new North Hills on Six Forks Road in Raleigh to open later this year. As of December 31, 2003, North State reported total assets of $249 million.
www.northstatebank.com
The information as of and for the quarter and year ended December 31, 2003 as presented is unaudited. This news release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, our limited operating history, substantial changes in financial markets, regulatory changes, changes in interest rates, loss of deposits and loan demand to other savings and financial institutions, and changes in real estate values and the real estate market. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Company.
(back)
