Raleigh, N.C. - North State Bank executive vice president and COO Sandra Temple announced that Greg Asbelle has been named vice president and director of cash management services for North State Bank.
"Greg's extensive experience in cash management services will certainly enhance our efforts to grow the bank's portfolio of property management companies," said Temple. "Cash management is an extremely important division of our bank and we know that with the help of Greg, we can continue to grow."
Asbelle has approximately 10 years of experience in cash management services and is a certified treasury professional. Prior to joining North State, he served as assistant vice president and treasury services officer for Wachovia Bank. A native of Winston-Salem, NC, Asbelle graduated from High Point University with a bachelor of science in computer info-systems. He is actively involved in the community by volunteering for Habitat for Humanity. Asbelle and his wife, Diane, live in Clayton.
Founded in 2000, North State is a full-service community bank, serving Wake County through five offices: the headquarters and full-service office at North Hills on Six Forks Road, full-service offices on Falls of Neuse Road in Raleigh, Blue Ridge Road in West Raleigh, and Highway 70 West in Garner, as well as the loan production office at Wakefield Corporate Center in Wake Forest, NC.
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North State Bancorp is listed on the OTC electronic bulletin board under the symbol "NSBC."
www.northstatebank.com
The information as of and for the quarter and year ended December 31, 2005 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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