Raleigh, N.C. . . Walter G. "Gerry" Rogers has been named senior vice president and chief credit officer for North State Bank, announced Larry D. Barbour, president and CEO for the Bank. "Gerry is a veteran banker, bringing more than thirty years of experience to his role with our Bank," Barbour said. "We could not be more pleased than to have someone with Gerry's knowledge, skills, and background to head the credit area as a member of our executive management team. As we continue to grow, maintaining our strong credit culture will be a constant focus. Gerry will quite ably lead that effort."
Rogers began his banking career in 1970 when he joined The Fidelity Bank in Fuquay-Varina, his hometown. After holding different banking positions with several financial institutions in the Wake County area over the next thirteen years, he moved to Florida to serve as vice president and business banking group manager with Florida National Bank (now Wachovia). In 1989, he became president and chief executive officer of Community First Bank of Central Florida in Winter Garden, Florida, a $45 million in assets community bank with three branches in the Orlando metropolitan area, which became part of SouthTrust. In 1990, Rogers returned to North Carolina, joining Triangle Bank to serve as manager for Special Assets, Collections, and Loan Operations. Following Triangle's merger with RBC Centura, he served as a personal and business banking manager.
Rogers joined North State Bank in 2003 as vice president and senior loan administrative officer, with responsibility for loan documentation, credit review, problem loan and WATCH LIST management, and loan operations. He will begin serving in his new role immediately.
A 1970 graduate of the University of North Carolina at Chapel Hill, Rogers received his degree in Economics. He also is a graduate of the general, mid-management, and advanced
management programs of the North Carolina Banking Association's North Carolina School of Banking at the University of North Carolina at Chapel Hill, the ABA Stonier Graduate School of Banking at the University of Delaware, the BAI Loan Review - Course 1, the ABA National Reg Z School, and the ABA National Compliance School. He holds a real estate brokers license from the state of North Carolina.
North State Bank is a community bank serving Wake County with three offices: full-service offices on Falls of Neuse in Raleigh and Highway 70 West in Garner, and a loan production office in the Wakefield Corporate Center. Current plans call for a full-service location in West Raleigh on Blue Ridge Road across from Rex Hospital in Raleigh to open late first quarter 2004, and a corporate headquarters and full-service location at the new North Hills on Six Forks Road in Raleigh. 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.
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