North State Bank Launches Lease Financing Division Headed By Veteran Lender Frank Layne

August 13, 2018
For more information, contact:
Amanda M. Lloyd
Executive Vice President and Chief People Officer
RALEIGH, N.C. . . . North State Bank is expanding its commercial credit capabilities with the addition of a lease financing division headed by Senior Leasing Officer Frank Layne, announced Amanda Lloyd, executive vice president and chief people officer. The lease financing division complements the Bank’s commercial loan solutions, including SBA lending where it is recognized as one of the top 20 SBA lenders in the state of North Carolina (Source: Small Business Administration, North Carolina District Office).
“With the addition of lease financing into an already robust line-up of commercial credit solutions, we are even better positioned to be Wake and New Hanover counties’ go-to business banking partner,” commented Lloyd. “Frank is a veteran commercial lender with extensive lease financing experience. He offers a wealth of knowledge to help customers determine the best credit solution to meet both their short- and long-term goals.”

Layne joins North State after working at First South Bank, where his performance led to him being named the Top Sales Leader (2015, 2016) and earned him entry into the Admiral’s Club (2015). Prior to his time at First South, he held positions at Qualex, Inc. (a division of Eastman Kodak), Preservation Homes and Wachovia Bank (now Wells Fargo). He is an alumnus of Appalachian State University where he earned a bachelor of science in business administration. A native of Greenville, North Carolina, he has called Cary home for more than 25 years.

“I am honored and excited to build North State Bank’s lease financing division from the ground up,” commented Layne. “The benefits of lease financing make it an ideal solution to help maximize cash flow and protect companies from obsolete equipment, which is a growing concern with today’s ever-changing technology.”