Raleigh, N.C. - North State Bank president and CEO Larry Barbour announced that North State Bank has opened its sixth Wake County office in the heart of downtown Raleigh.
On January 29, a ribbon cutting ceremony and grand opening celebration was held at the bank's new office at 16 W. Martin Street, Suite 1200. The office is located in Raleigh's former historic Capital Club building, with a panoramic view of downtown Raleigh.
"Our grand opening celebration marked a great day for our bank," said Barbour. "We had a large turnout and were pleased to host our guests in an office our bank calls home in downtown. We were honored to have Mayor Charles Meeker join us, Thad Woodard, president of the NC Banker's Association, David Diaz, president of the Downtown Raleigh Alliance, Harvey Schmitt, president of the Raleigh Chamber of Commerce, and a host of attorneys and other professionals in the downtown market. Our office is flavored with some of Raleigh's richest history," Barbour later comments, "and the evening sunset view from our office was quite the touch to our grand opening celebration. We are thrilled to be part of downtown, and I look forward to growing our bank soundly and profitably in this market."
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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