Wake Forest, NC…Jonathan Hand has been promoted to Wake Forest Market Executive, announced Larry D. Barbour, president and CEO for North State.
"Jonathan has been an asset to our team since he joined us," said Barbour, "We are planning to expand our current loan operations in Wake Forest to a full-service office. Moving Jonathan into this role now will put leadership in place to build on our success in that market."
Hand joined North State in early 2005 as vice president and commercial loan officer. He has more than 12 years of banking experience, holding positions such as market president, middle market client manager, and relationship manager. A graduate of East Carolina University, he holds a degree in finance. He, his wife Angela, and their children, Hampton, Banks, and Porter, currently reside in Wake Forest.
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North State Bancorp is listed on the OTC electronic bulletin board under the symbol "NSBC."
www.northstatebank.com
The information as of and for the quarter ended March 31, 2005 as presented is unaudited. 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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