Raleigh, NC. . .Gary L. Woodlief has been named senior vice president for North State Bank and has been tapped to lead the Bank's efforts at its new headquarters and banking center at North Hills in Raleigh, NC, as well as maintaining a leadership role in Wake Forest, announced Larry D. Barbour, president and CEO for North State.
"Since joining North State Bank in 2002, Gary has shown that he is a leader and that he believes in the mission and vision of North State Bank," said Barbour. "He exemplifies the values that form the backbone of how we do business. Gary has been and will continue to be a key component of our success as we become the premier, high-performing community bank in Wake County."
Woodlief joined North State Bank in 2002 as vice president and senior commercial loan officer. In September 2003, he opened North State's loan production office in the Wakefield Corporate Center. A graduate of East Carolina University with a degree in finance, his banking career of more than fourteen years has primarily been in the Wake Country/Triangle area.
Woodlief is a member of the Economic Development Committee for the Wake Forest Chamber of Commerce and serves on the Board of Directors for the Banks Kerr YMCA and the Raleigh chapter of Robert Morris Associates. He volunteers in the Education First Program at Lockhart Elementary and has served on the board of directors for the Knightdale Chamber and East Wake Alliance. Woodlief is a native of Wake Forest. He and his wife, Robin, have two children, and live in Knightdale, NC.
North State Bank's office at the "new" North Hills will be a 12,000 square foot, two-story facility that will house the Bank's headquarters and a full-service banking office, including an ATM and a drive-thru facility. Current plans call for the new facility to open in January 2005.
Founded in 2000, North State Bank is a full service community bank, currently serving Wake County through four offices: full-service offices on Falls of Neuse Road in Raleigh, Highway 70 West in Garner, and Blue Ridge Road in West Raleigh, and a loan production office at Wakefield Corporate Center in Raleigh. North State Bancorp, the holding company for North State Bank had total assets of $298.5 million as of September 30, 2004.
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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