Raleigh, NC…Jonathan E. Hand has been named vice president and commercial loan officer for North State Bank, announced Larry D. Barbour, president and CEO for the Bank.
"We are pleased to have someone with Jonathan's experience join us," said Barbour. "He has valuable commercial banking experience and believes in being active in the community, both of which are important to a growing community bank."
Hand has worked in the banking industry for more than twelve years. In that time, he has held various commercial banking positions, including market president, middle market client manager, and relationship manager. Hand has served as treasurer for the Downtown Kinston revitalization team, as well as having assisted a number of economic development organizations throughout eastern North Carolina. A graduate of East Carolina University, he holds a bachelor's degree in finance. Hand and his wife, Angela, live in Wake Forest with their two children.
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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