Raleigh, N.C. - North State Bank senior vice president Steve Salisbury announced that Michael Miglucci has been named vice president and commercial lender for the bank's North Hills office.
"Michael is a strong banker who has had experience in different capacities within the banking profession," said Salisbury. "His experience in the Raleigh market will help us gain more knowledge of this ever changing and growing area."
Miglucci has over 16 years of experience, most recently working with Bank of America as a vice president and premier client manager in their downtown office. He began his banking career in 1990 as a branch administrator for Trustco Bank in Schenectady, New York. A native of Schenectady, Miglucci received his Bachelor of Science degree in business finance from Sienna College in Loudonville, New York. He and his wife, Lori, live in Wake Forest and have one daughter.
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 in Raleigh 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 the loan production office at Lumina Station shopping center in Wilmington. Plans are being developed for a loan production 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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