Raleigh, N.C. - North State Bank has promoted Gary Woodlief to senior market executive, announced Larry D. Barbour, president and CEO of North State.
"Gary's leadership abilities, depth of banking experience and knowledge equip him well for assuming this key leadership role for our bank," said Barbour. "I appreciate Gary's willingness to accept this new responsibility."
Woodlief will be moving from the North Hills office to the Falls of the Neuse office, which currently averages $165 million in loans and $140 million in deposits. "I am confident in the strong and capable leadership Gary will provide our flagship Raleigh office and know he will continue to grow our bank soundly and profitably in this vibrant market," said Barbour.
Woodlief joined North State Bank in November 2002 and opened the loan production office in the Wake Forest area in September 2003. He has also been instrumental in the growth of the bank's North Hills office, where he served as senior vice president and market executive.
A native of Wake Forest, Woodlief received his bachelor of science degree in business administration with a concentration in finance from East Carolina University and will complete his fourth year at the UNC-CH School of Banking this summer. He began his banking career in 1990 in the management program for Central Carolina Bank. Woodlief is actively involved in the community, where he serves on the board of directors for the Central Raleigh YMCA and the Risk Management Association. Woodlief and his wife live in Knightdale with their two children.
Founded in 2000, North State is a full-service community bank, serving Wake County and New Hanover County through six offices: the headquarters and full-service office in Raleigh 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 offices at Wakefield Corporate Center near Wake Forest and Lumina Station shopping center in Wilmington.
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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.
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