North State Bank's Stacy R. Reedy Promoted to Executive Vice President

"Stacy is an important voice in our company and this promotion reflects both the expertise she offers and the contribution she makes to this Company," commented Barbour. "Our focus is to remain a vital, independent community bank offering a unique level of service to our customers and solid value for our shareholders. Stacy is a key part of our ability to achieve that success."

Reedy started her banking career in the mid-2000s as an audit manager for Dixon Hughes Goodman LLP in Raleigh, North Carolina, where she was responsible for managing all phases of audit engagement. Reedy holds both a bachelor's degree and a master's degree in accounting from Appalachian State University in Boone, North Carolina. She is a certified public accountant and a graduate of the North Carolina School of Banking at the University of Chapel Hill.

On the promotion, Reedy said, "I enjoy being part of something bigger than myself where I can contribute not only financial expertise, but help address broader goals and challenges, as well. Each day is different and that is part of what makes this role exciting."

Founded in 2000, North State Bank is a full-service community bank serving Wake and New Hanover counties through seven full-service offices, and is the parent company of North State Bank Mortgage and CommunityPLUS.

NorthStateBank.com

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. 

SOURCE North State Bank