Raleigh, NC…Prudence T. "Prudy" Frederick has joined North State Bank as vice president and cash management services manager, announced Sandra A. Temple, senior vice president and chief operations officer for the Bank.
"We are pleased that Prudy has come to work with us at North State Bank," said Temple. "Cash management is a core area of our business. Prudy's banking and management experience will make her a valuable member of the team right from the start. Our customers will enjoy working with her."
Frederick has been in banking for more than 22 years, serving in the role of vice president for the past 17 years. Most recently, she served as vice president and supervisor of product and segment management at First Citizen's Bank. Outside of banking, she is very active in the Capital Area Soccer League (CASL), where she is currently co-chair of the development committee, and with Edenton Street United Methodist Church.
Frederick received her degree in business administration from the University of North Carolina at Chapel Hill. A native of Goldsboro, NC, she lives in Raleigh with her husband, Ron, and her two daughters.
Founded in 2000, North State Bank is a full service community bank, currently serving Wake County through five offices: a new banking office at North Hills in Raleigh, and full-service offices on Falls of Neuse Road and Blue Ridge Road in Raleigh, on Highway 70 West in Garner, and a loan production office at Wakefield Corporate Center in Wake Forest, NC. North State Bancorp, the holding company for North State Bank, 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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