Raleigh, NC…North State Bank has opened its corporate headquarters and newest banking office at North Hills on Six Forks Road in Raleigh, announced Larry D. Barbour, president and CEO of North State Bank.
"The opening of this office is an important step in the growth of our bank," said Barbour. "Our headquarters and this banking office are centrally located in the Wake County market, and represent our commitment to this area.
"For me, personally, this is like coming home. I began my line banking career over 25 years ago in a bank branch located at North Hills on the very site where the new building now sits. This was a great market then, and it is an even better market now. With the recent total renovation of North Hills, this area has become a business hub and a destination. We are pleased and thankful to be part of it."
The new facility, located at 4270 The Circle at North Hills, just off Six Forks Road, is a 12,000 square foot, two-story building that, in addition to the corporate offices, houses a full-service office. Gary L. Woodlief, senior vice president, will lead the Bank's efforts at North Hills as well as maintain a leadership role in Wake Forest. Andrew Wheeler will serve as office manager at North Hills.
Founded in 2000, North State Bank is a full service community bank, currently serving Wake County through five offices: the headquarters and a 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 a loan production office at Wakefield Corporate Center in Wake Forest, NC. North State Bancorp ended 2004 with $309.4 million in assets.
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, 2004, 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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