SVP Kelly Arrington Promoted to Chief Risk Officer
December 6, 2023
For more information, contact:
Amanda M. Lloyd
Executive Vice President and Chief People Officer
RALEIGH, N.C. . . . North State Bank promoted Senior Vice President Kelly Arrington to chief risk officer, announced Amanda Lloyd, executive vice president and chief people officer. In this role, she will direct the Bank's efforts to prevent, identify, analyze, and mitigate risks that pose a potential internal or external threat to the Bank and its customers.
"Since joining the Bank a decade ago, Kelly has been a key member of our team," shared Lloyd. "She seamlessly transitions from a granular to a thirty-thousand-foot perspective, which is essential for a chief risk officer. New risks emerge daily, making this role central to our Bank's security and longevity. As we welcome Kelly into her new position, we also say a fond farewell to long-time team member and current Executive Vice President and Chief Risk Officer Wayne Adams, who will retire at the end of 2023."
A native North Carolinian, Arrington joined North State Bank in 2013 and most recently served as the chief mortgage operations officer. She played an integral role in leading the Bank's efforts to pilot the first-ever full e-closing in North Carolina in 2017, working closely with officials from the office of the North Carolina Secretary of State. Before joining North State, Arrington held positions at FM Lending Services and Irwin Mortgage, serving in many capacities, including loan origination, underwriting, closing, training, and compliance. An alumna of North Carolina State University, she earned a Bachelor of Science in Technology Education, and she serves on the North Carolina Electronic Mortgage Closing Advisory Committee.
"This new chapter allows me to use a host of skills and experiences I have gained throughout my 25-year banking career," shared Arrington. "I am honored to follow Wayne and hope to carry his legacy forward by continuing to achieve the high standards he set in this position."
At year's end, B. Wayne Adams will retire from a 40-year banking career, the last 15 of which were at North State Bank.
This news release may contain forward-looking statements. Actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, changes in real estate values and the real estate market, regulatory changes and increased deposit insurance assessments, economic conditions, changes in interest rates, substantial changes in financial markets, loss of deposits and loan demand to other savings and financial institutions and our limited operating history.