Raleigh, N.C . . . Barry W. Partlo has joined the board of directors of North State Bancorp, announced Larry D. Barbour, president and CEO for North State. He has served on North State’s Garner Advisory Board since the bank opened.
Partlo is president and owner of Agri-Supply in Garner, a business his father started in 1962. He holds a bachelor’s degree in engineering from North Carolina State University, and a master’s in business administration from the University of North Carolina.
“We are pleased that Mr. Partlo has agreed to serve our bank in this capacity,” said Barbour. “He already has been an asset to the Garner Advisory Board and to the bank as a whole. We will continue to benefit from his dedication and expertise.”
North State Bancorp is the holding company for North State Bank, a community bank, serving Wake County with three offices, including full-service offices on Falls of Neuse in Raleigh and on Highway 70 West in Garner, and a newly-opened loan production office in the Wakefield Corporate Center. Current plans call for a corporate headquarters and full-service location at the new North Hills Mall on Six Forks Road in Raleigh, and a full-service location on Blue Ridge Road across from Rex Hospital in Raleigh. As of June 30, 2003, North State Bancorp reported 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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