Raleigh, N.C. - North State Bank executive vice president and chief operations officer Sandra Temple announced that Brian Summers has been named vice president and downtown market executive for North State Bank.
"Brian will be a great leader for North State Bank in the downtown market," said Temple. "This area of our city is the perfect fit for our bank, and I anticipate strong results from the office under Brian's leadership. "
Summers began his banking career with Bank of America, where he served for eight years. A native of Raleigh, he received a bachelor of science degree in business management from North Carolina State University.
Founded in 2000, North State is a full-service community bank, serving Wake and New Hanover counties through five full-service Wake County offices and through one loan production office in New Hanover County. Plans are being developed to open a new full-service office at 16 W. Martin Street in downtown Raleigh in the third quarter 2007. Construction is underway for a full-service office at 1411 Commonwealth Drive in Wilmington to open in the fourth quarter 2007.
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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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