Raleigh, N.C. - North State Bank vice president and Wake Forest market executive Jonathan Hand announced that Terry Todd has been named vice president and construction and mortgage lender for North State Bank.
"Terry is a very strong addition to our Wake Forest office and to our construction and mortgage lending department," said Hand. "With the combination of his level of experience and knowledge of the construction and mortgage business, I am confident that he will help increase our loan portfolio. I am excited to have Terry join our staff."
Todd has been in the construction and mortgage lending business since 1985 and has most recently worked with Wells Fargo Home Mortgage Company in Myrtle Beach, South Carolina. A native of Tabor City, Todd graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science degree in business administration. He and his wife, Sandy, live in Raleigh and have two grown daughters.
Founded in 2000, North State is a full-service community bank, serving Wake County and New Hanover County through six offices: the headquarters and full-service office in Raleigh at North Hills on Six Forks Road, full-service offices on Falls of Neuse Road in Raleigh, Blue Ridge Road in West Raleigh, New Falls of Neuse Road in the Wake Forest area and Highway 70 West in Garner, as well as the loan production office at Lumina Station shopping center in Wilmington.
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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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