Raleigh, NC…As construction and renovation near completion on North State Bank's new office in West Raleigh, five experienced bankers have joined the staff, announced Robert D. "Bobby" Ross, senior vice president and West Raleigh executive for North State.
"Along with the excitement of a new office, I am thrilled to have the opportunity to work with such a talented staff," Ross said. "Their experience in the banking industry and 'customer-first' service make them the ideal staff to bring North State bank to a new area of Wake County."
As previously announced, Sheri Bragg, assistant vice president, has been named branch manager of the West Raleigh office. She is joined by: Laura Dillard, who brings twenty years of mortgage loan origination experience to her role as mortgage loan officer; Catherine Grogan, who will serve as customer service representative; Andrew T. Wheeler, Jr., head teller and Jenna Whaley, teller; and Sangeeta Shah, who will serve as administrative assistant. Shah has ten years of experience within the financial industry.
North State Bank is a community bank serving Wake County with four offices: full-service offices on Falls of Neuse in Raleigh, on Highway 70 West in Garner, and now in West Raleigh; and, a loan production office in the Wakefield Corporate Center. Plans call for a corporate headquarters and full-service location at the new North Hills on Six Forks Road in Raleigh later this year. As of December 31, 2003, North State reported total assets of $249 million.
www.northstatebank.com
The information as of and for the quarter and year ended December 31, 2003 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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