Wake Forest, N.C. - North State Bank president and CEO Larry Barbour announced that Jonathan Hand has been named senior vice president for
North State Bank
"In his two years here at North State Bank, Jonathan has demonstrated a deep commitment to his responsibility to grow our bank," commented Barbour. "He opened our new Wake Forest office in August 2006, and the office has exceeded expectations. I congratulate Jonathan on this well-deserved promotion."
Hand joined North State Bank in February 2005 as a vice president and commercial lender. In early 2006, he was given the responsibility of Wake Forest market executive. Before working with North State, Hand worked as vice president for Bank of America. A native of New Jersey, he received a bachelor of science degree in business administration from East Carolina University. Hand serves in several capacities within the Wake Forest Chamber of Commerce, is a member of the Wake County and Franklin County Homebuilders Associations and also serves on the Downtown Revitalization Corporation.
Founded in 2000, North State is a full-service community bank, serving Wake County through five full-service offices and New Hanover County through one loan production office. 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.
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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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