Raleigh, N.C. - North State Bank senior vice president and senior market executive Gary Woodlief announced that Phillip Frye has been named assistant vice president for North State Bank.
"Over the past five years, Phillip has worked very hard in the different roles he has served within our bank," said Woodlief. "He has continued to grow as the bank has grown and is a tremendous asset to our North Raleigh office. I congratulate him on this well-deserved promotion."
Frye began working for North State Bank in 2002 as a teller supervisor, and later moved into the role of customer service representative. In 2004, he was named office manager. Prior to working with North State Bank, Frye held positions with John Hancock Insurance and Financial Services and New York Life Insurance Company. A native of Sylva, North Carolina, he is a graduate of the University of North Carolina at Chapel Hill, where he received a bachelor of science degree in business administration. Frye is actively involved in the community, serving as a volunteer for Habitat for Humanity, the Greater Raleigh Chamber of Commerce, North State Bank's Summer Salute for Hospice of Wake County and Forest Hills Baptist Church. He is also a member of the board of directors for National Students of Ailing Mothers and Fathers Support Network.
Founded in 2000, North State is a full-service community bank, serving Wake County through five full-services offices and New Hanover County through one loan production office. Plans are being developed for a full-service office to be located at 16 W. Martin Street, Raleigh, NC, where a lease has been signed.
###
North State Bancorp is listed on the OTC electronic bulletin board under the symbol "NSBC."
www.northstatebank.com
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)
