Company News

News Release
For more information, contact:
Sandra A. Temple
Senior Vice President and Chief Operations Officer
stemple@northstatebank.com 919-855-9925

WILKINS PROMOTED TO ASSISTANT VICE PRESIDENT
FOR NORTH STATE BANK IN GARNER

November 25, 2002

Raleigh, N.C.: In recognition of her position as branch manager for the Garner office of North State Bank, Allison Wilkins has been promoted to assistant vice president, announced Larry D. Barbour, president and CEO for North State.

“Since she joined us, Allison has been an asset to her customers and to North State Bank, and we are pleased to give her this recognition,” said Barbour.
Wilkins joined North State almost a year ago, relocating from Fayetteville, NC, where she gained more than ten years of experience working for First South Bank, Triangle Bank, and United Carolina Bank. She was also a member of the Junior League of Fayetteville.

North State Bank is a full-service community bank. It was founded in 2000, is headquartered in Raleigh, and currently serves Wake County with two offices, one in Raleigh and one in Garner. On October 16, the bank held a ground breaking ceremony for a new, expanded facility in Garner at 835 Highway 70E.

www.northstatebank.com

This news release may contain forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including 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 Bank's FDIC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Bank.

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