Company News

News Release
For more information, contact:
Kirk Whorf
Executive Vice President and Chief Financial Officer
kwhorf@northstatebank.com
919-787-9696

BRATTON PROMOTED TO VICE PRESIDENT AND CONTROLLER FOR NORTH STATE BANK

January 3, 2007

Raleigh, N.C. - North State Bank executive vice president and CFO Kirk Whorf announced that JoAnn Bratton has been promoted to vice president and controller for North State Bank.

"JoAnn's extensive experience in financial services accounting has been a great asset to our bank," said Whorf. "This is a well-deserved promotion, and I know that JoAnn will continue to serve our bank well in her new role."

Bratton joined the bank in April 2006 as assistant vice president and accounting manager. She has 20 years of experience in accounting, 15 of which is in the banking industry. She received a Bachelor of Science degree in Accounting from Atlantic Christian College and is also a certified public accountant. Prior to joining North State, she served as financial specialist for Four Oaks Bank. Bratton is a native of Wilson, NC, and she and her husband, Bob, live in Clayton with their 13-year-old son.

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 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 a loan production office at Lumina Station shopping center in Wilmington. Plans are being developed for a full-service office to be located at 16 W. Martin Street, Raleigh, NC, where a lease has been signed.

###

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.

(back)


North State Bank, Member FDIC. All content Copyright © 2000, North State Bank, Inc. All Rights Reserved.
North State Bank, Inc., Raleigh North Carolina, USA. 1-919-855-9925
This site best viewed using either Netscape Navigator v4.73 or Microsoft Internet Explorer v5, or higher.