Raleigh, N.C. - North State Bank executive vice president and chief operations officer Sandra Temple announced that Jeffery Billingsley has been named vice president and North Hills market executive for North State Bank.
"Jeff brings a high level of experience and excitement to our North Hills office," said Temple. "His strong sense of leadership and professionalism will be a tremendous asset to our bank's headquarter office."
Billingsley has over ten years of experience in the banking industry, most recently working with SunTrust Bank as a commercial banker. He is a graduate of Fayetteville State University and is actively involved in the community, serving as chairman of the Ten-Year Action Plan to End Homelessness in Wake County. Billingsley is also a member of the Fayetteville State University Mentoring Program.
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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