Wilmington, N.C. - North State Bank president and CEO Larry Barbour announced that North State Bank has opened its new full-service banking office in Wilmington, NC.
The bank celebrated its grand opening and ribbon cutting on February 27 with 200 customers and friends sharing in the excitement. North State Bank's new office is located at 1411 Commonwealth Drive, near the intersection of Eastwood Road and Military Cutoff Road.
"Opening an office in New Hanover County was our first step in expanding our footprint out of Wake County," said Barbour. "Wilmington is a perfect fit for us," continued Barbour, "and our early growth in the market has proven that. We were honored to have Mayor Bill Saffo, Thad Woodard, president of the NC Banker's Association, members of our local Wilmington board, and a host of customers and friends of our bank all join us for the celebration. I am confident in the leadership of Phil Whittington, senior vice president and Wilmington market executive, and his strong team of seasoned bankers working with him. I am pleased to announce that we are now open from the capital to the coast."
Founded in 2000, North State Bank is a full-service community bank, serving Wake and New Hanover counties through seven full-service offices. Plans are underway for a loan production office to open in Morehead City, North Carolina, in spring 2008.
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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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