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4270 The Circle at North Hills Raleigh, NC 27609 NC Tel. 919-787-9696 Fax 919-719-4481 |
Type: Public
On the web:
http://www.northstatebank.com
Employees:
94
Employee growth: (5.1%)
North State Bancorp pays close attention to the Tar Heel State. The holding company is the parent of North State Bank, which serves North Carolina's Raleigh/Durham metropolitan area. Established in 2000, the bank offers standard deposit products and services, including checking and savings accounts, IRAs, and CDs. It uses funds from deposits primarily to originate commercial real estate loans; most properties are owner-occupied and located in the company's market area. Other offerings include construction loans, single- to four-family residential mortgages, and home equity lines of credit.
Key numbers for fiscal year ending December, 2008:
Sales: $21.5M
One year growth: 16.6%
Net income: $2.4M
Income growth: (23.6%)
Officers:
Chairman: Fred J. Smith Jr.
President and CEO; President and CEO, North State Bank: Larry D. Barbour
EVP, COO, and Corporate Secretary, North State Bank; President, Community Plus: Sandra A. Temple
Competitors:
Bank of America
RBC Bank
Wachovia Corp
