Raleigh, N.C. - Phillip Frye has been promoted to office manager at North State Bank's Falls of Neuse Road office, announced Sandra Temple, senior vice president and chief operations officer for North State.
"Phillip has been a positive addition to our banking team," said Temple. "In the short time he's been with us, we have been able to consistently give him increasing responsibilities. We look forward to all he will contribute in this new role."
Frye joined North State Bank in January 2002 as a teller supervisor, and then moved to the role of customer service representative. Prior to working with North State Bank, he held positions with John Hancock Insurance and Financial Services and New York Life Insurance Company. Phillip is a native of Sylva, North Carolina, and currently resides in Raleigh where he volunteers for Habitat for Humanity, the Greater Raleigh Chamber of Commerce, North State Bank's Summer Salute for Hospice of Wake County, and Forest Hills Baptist Church. He has also been involved with the Raleigh Jaycees, West Raleigh Rotary Club, and the North Carolina Museum of Art. Phillip holds a Bachelor of Science degree in business administration from the University of North Carolina at Chapel Hill.
North State Bank is a community bank serving Wake County with four offices: full-service offices on Falls of Neuse in Raleigh, Highway 70 West in Garner, and Blue Ridge Road across from Rex Hospital, and a loan production office in the Wakefield Corporate Center. Current plans call for a corporate headquarters and full-service location at the new North Hills on Six Forks Road in Raleigh. As of June 30, 2004, North State Bancorp reported total assets of $284.6 million.
www.northstatebank.com
The information for the quarter ended June 30, 2004 is unaudited. 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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