Raleigh, N.C. - D. Craig Swinson has been named vice president and business development officer for North State Bank, announced Larry Barbour, president and CEO for North State.
"A main focus of our business is serving the financial services needs of professionals and their firms in Wake County," said Barbour. "We are pleased that Craig has joined our Bank to assist us in this area as well as other areas. His banking and leadership experience will be a great asset to us and to our customers."
Swinson has been in banking for 16 years, serving in previous positions as branch manager, commercial banker and business development officer. He actively serves the community as an Executive Board Member for Delta Dental Plan of North Carolina and a member of Providence Baptist Church of Raleigh. He has served the community as a member of
the Raleigh Chamber of Commerce and the Kiwanis Club.
He holds a Bachelor of Science degree from the University of North Carolina at Wilmington and is a graduate of First Citizen's Bank Management School.
Swinson is a native of Raleigh, NC, where he and his wife, Julie, reside.
North State Bank is a community bank serving Wake County with four offices: full-service offices on Falls of Neuse and Blue Ridge Road in Raleigh and on Highway 70 West in Garner, as well as a loan production office in the Wakefield Corporate Center. A new corporate headquarters and full-service will open in early 2005 at the new North Hills on Six Forks Road in Raleigh. As of September 30, 2004, North State Bancorp reported total assets of $298.4 million.
www.northstatebank.com
The information for the quarter ended September 30, 2004, is unaudited. This news release may contain forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including 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 Bank's FDIC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Bank.
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