North State Bancorp is the holding company for North State Bank, a full-service community bank headquartered in Raleigh, NC.
North State Bank focuses on serving the total banking needs of professional firms, professionals, community association management companies, churches, businesses and individuals who need and value a mutually-beneficial banking relationship. The bank’s full line of products and services are provided with a high emphasis on customer service. Our immediate geographic market, in North Carolina, is Wake County, New Hanover County and Carteret County.
North State Bank was formed and opened for business on June 1, 2000, under the leadership of President and CEO Larry D. Barbour, who assembled a highly-committed board of directors consisting of some of the top business and professional leaders in Wake County. Barbour also hired a talented and experienced leadership team with combined Wake County banking experience exceeding 200 years.
The bank’s vision, values and strategy are clear and have formed the basis for sound and profitable growth. Recently, we opened a full-service office in the Downtown Raleigh area and in Wilmington, and opened a loan production office in Morehead City. We have announced plans for expanded operations at 6200 Falls of Neuse, to be open sometime in 2009.
There is strong evidence that the bank’s vision and strategy are working well since it became profitable at its first anniversary and has grown assets to approximately $571.5 million in approximately eight years. The bank is focused on being a high-performing bank with excellent core earnings, pristine credit quality and strategy and execution at levels higher than its competitors. The bank is confident that execution against this type of vision and strategy will create significant competitive advantages and enable it to better serve the balanced interests of its shareholders, customers, employees and communities in which it operates.
