Wilmington, N.C. - North State Bank senior vice president and Wilmington market executive Phil Whittington announced that Ronnie Burbank has been named vice president and senior commercial lender for North State Bank.
"Ronnie's commercial banking skills, contacts and knowledge of the Wilmington market will be invaluable as we take the Wilmington office to the next level," said Whittington. "Ronnie's 15 years of banking experience in Wilmington help make him the perfect match for us as we strive to become the dominant community bank in the Wilmington market."
Burbank comes to North State Bank from Coastal Federal Bank in Wilmington, where he served for six years as vice president and commercial lender. A native of St. Pauls, NC, he is a graduate of the University of North Carolina at Pembroke, where he received a bachelor of arts in political science. He is also a graduate of the School of Banking at Louisiana State University. Burbank is an active member of the Wilmington community, serving as president and board member of Wilmington Downtown, Inc. He also serves on the board of the Brooklyn Arts Center and is a member of the Wilmington Civitan Club.
Founded in 2000, North State is a full-service community bank, serving Wake County through five full-services offices and New Hanover County through one loan production office. Plans are being developed for a full-service office to be located at 16 W. Martin Street, Raleigh, NC, where a lease has been signed.
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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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