Raleigh, NC. . .North State Bank’s newest location, a loan production office in northern Wake County, opened today, announced Larry D. Barbour, president and CEO of North State Bancorp, the holding company for North State Bank. The office is located in the Wakefield Corporate Center at 11410 Common Oaks Drive, Suite 112.
Barbour said, “We believe the Wakefield area and Wake Forest will be a key market for us as we expand our footprint to serve all of Wake County. This is just the beginning, one more step as we become Wake County’s premier community bank.”
Wake Forest, NC native Gary L. Woodlief, vice president and senior commercial lending officer, will be responsible North State Bank’s business development and lending in this important Wake County market. Gary, previously with the former Triangle Bank and with CCB/National Commerce Financial Corp, brings more than 13 years of banking experience to the role. He joined North State Bank in late 2002.
“I am excited about bringing North State Bank’s relationship banking philosophy to Wake Forest,” Woodlief said. “Wake Forest is a great area and one where there is a lot of opportunity. Having grown up here, I know a lot of people in the area and I believe they will enjoy the service they receive from North State.”
North State Bank is a full service community bank, founded in 2000, headquartered in Raleigh, and now serves Wake County with three offices, full-services offices in Raleigh and Garner, and the new loan production office at Wakefield. Plans have been announced for a new headquarters and banking office at the new North Hills on Six Forks Road in Raleigh and an office on Blue Ridge Road across from Rex Hospital. As of June 30 2003, the bank had total assets of $248 million.
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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