North State Bank's President and CEO Named Chairman of North Carolina Bankers' Association

RALEIGH, N.C., June 13 /PRNewswire-FirstCall/ -- North State Bank (OTC Bulletin Board: NSBC) president and CEO, Larry Barbour, has been named chairman of the North Carolina Bankers Association, announced Fred J. Smith, Jr., chairman of the board for North State Bancorp, the parent company of North State Bank.

"We are proud of our president and CEO for how he leads and represents North State Bank in our markets and throughout the state of North Carolina," commented Smith. "The banking industry needs leaders like Larry to work alongside our lawmakers as critical decisions are made that impact our industry and great state. Larry has a deeply committed board of directors which fully supports him in this role, and we look forward to the positive impacts of his leadership as chairman on the financial industry," continued Smith.

Barbour succeeds Skip Brown, president of the Triad region at First Community Bank. In this new role, Barbour will work closely with Thad Woodard, president of the NC Bankers' Association, and the entire NCBA board and executive committee to tell the banking story throughout North Carolina. "Thad and I have a strong friendship with a deep history," said Barbour. "We share the same passion and desire to see the regulations and laws administered in ways to positively affect the industry and the good people that we serve," Barbour continued.

Barbour is a life-long resident of Raleigh and is actively involved in the community. Currently, he is serving as chairman of the Hospice of Wake County Capital Campaign Major Gifts Committee, vice chairman and board member for the Wake Med hospital system, board member of the NCSU Alumni Association, and board member of John Rex Endowment. He has also served on the board of directors for the NCSU Board of Visitors, NCSU College of Humanities and Social Sciences (CHASS) advisory board, Occoneechee Council of the Boy Scouts of America, A.E. Finely YMCA, and was a founding board member and treasurer for the Alice Aycock Poe Center for Health Education. Barbour is a graduate of North Carolina State University, where he was named a Distinguished Alumnus in 1997. He is also a graduate of the University of North Carolina at Chapel Hill School of Banking. Barbour has completed other ongoing education courses at other banking schools throughout his career and is a lifelong student who frequently focuses his reading on leadership and strategic thinking.

North State Bank was founded in 2000, and is a full-service community bank serving Wake and New Hanover counties through seven offices.

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, 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, our ability to manage growth and loss of deposits and loan demand to other savings and financial institutions. 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 and at www.northstatebank.com.

SOURCE North State Bank

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