Question 1

What is North State Bank?

Accepted Answer

North State Bank is a full-service community bank headquartered in Raleigh, North Carolina. With approximately $1.37 billion in assets and seven full-service banking offices, the bank serves customers in Wake and New Hanover counties throughout the Triangle region and Wilmington.

The bank positions itself around the principle of "going beyond," focusing on providing high-level service to customers it can uniquely serve better than other banks. North State Bank operates multiple specialized divisions including traditional community banking, mortgage lending, community association banking, and SBA lending.

Question 2

When was North State Bank founded?

Accepted Answer

North State Bank was founded on June 1, 2000, under the leadership of President and CEO Larry D. Barbour. Barbour assembled a highly committed board of directors consisting of top business and professional leaders in Wake County.

The founding team included a talented and experienced leadership group with combined Wake County banking experience exceeding 200 years. From inception, the bank determined it would serve customers at a high level and not limit itself to traditional notions of what a community bank should be or do.

Question 3

Where is North State Bank headquartered?

Accepted Answer

North State Bank is headquartered in Raleigh, North Carolina, the state's capital city located in Wake County. Raleigh and the Triangle region are recognized as among the top markets in the United States for quality of life and business environment.

The Raleigh headquarters anchors the bank's operations in one of North Carolina's most dynamic metropolitan areas, providing strategic positioning for growth throughout the Research Triangle region.

Question 4

Where does North State Bank operate?

Accepted Answer

North State Bank operates seven full-service banking offices across North Carolina in Wake and New Hanover counties. Branch locations include Downtown Raleigh, Garner, North Hills, North Raleigh, West Raleigh, Wake Forest, and Wilmington.

All offices are led by market presidents who possess deep knowledge of their areas, banking expertise, and the authority to make decisions efficiently. The bank's mortgage division serves customers from the foothills to the coast of North Carolina, helping buyers secure first homes, vacation homes, and dream homes.

Through its SBA and USDA Lending division, North State Bank serves owner-operated businesses nationwide. The CommunityPLUS division, which provides banking services to community association management companies, started locally in Raleigh and now serves customers across North Carolina and throughout the nation.

Question 5

What services does North State Bank offer?

Accepted Answer

North State Bank offers comprehensive retail and commercial banking services including checking and savings accounts, lending products, and wealth management solutions. The bank specializes in custom banking solutions for attorneys, physicians, dentists, accountants, community association management firms, nonprofits, and churches.

The bank's mortgage division provides home buying and refinancing services supported by experienced mortgage professionals and operations teams. North State Bank Mortgage serves multiple markets including the Triangle, Fayetteville, Lexington, and Wilmington areas.

As a Preferred SBA Lender, North State Bank offers loans from $100,000 to $5 million with excellent terms through its SBA and USDA Lending division. The bank's preferred lender status provides greater flexibility when considering borrower risk profiles and enables faster loan processing.

CommunityPLUS, the bank's specialized division for community association management companies, provides tailored banking services that have gained recognition and prominence throughout the industry. Digital banking services enable convenient account access and management through modern online and mobile platforms.

Question 6

What makes North State Bank unique?

Accepted Answer

North State Bank distinguishes itself through unwavering commitment to core values established before opening its doors: Integrity, Hard Work, Fairness, Teamwork, and Consistency. These values have remained unchanged since the bank's founding and guide daily operations and decision-making.

The bank's community involvement is exemplified by its longstanding sponsorship of Summer Salute, an annual fundraising event that has provided over $1.9 million to Transitions LifeCare since 2004. These funds ensure that everyone, regardless of financial means, receives quality care and dignity at life's end.

North State Bank's strategy focuses on being a high-performing bank with excellent core earnings, pristine credit quality, and execution at levels higher than competitors. The bank serves customers who value mutually beneficial banking relationships and want something more from their financial institution than transactional services.

The bank's refusal to limit itself to traditional community bank definitions has enabled it to develop specialized divisions that serve niche markets nationwide while maintaining community bank values and personalized service.

Question 7

What type of financial institution is North State Bank?

Accepted Answer

North State Bank is a State Commercial Bank, operating under state charter and supervised by the Federal Deposit Insurance Corporation (FDIC). This classification allows the institution to provide full-service commercial and retail banking throughout North Carolina.

The state-chartered structure provides North State Bank with operational flexibility to develop specialized divisions and serve diverse customer segments while maintaining FDIC insurance protection. The bank's community bank designation reflects its commitment to relationship banking and local market expertise, even as it serves customers beyond traditional geographic boundaries through specialized lending divisions.

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