Cardinal State Bank to Open in Hillsborough
30 August 2006 - 9:28PM
PR Newswire (US)
Ribbon-Cutting Ceremony will be held on Tuesday, September 5 at 9
a.m. DURHAM, N.C., Aug. 30 /PRNewswire-FirstCall/ -- Cardinal State
Bank (NASDAQ:CSNC) will expand into Orange County when its newest
office opens on Tuesday, September 5 in downtown Hillsborough, NC.
Located at 100 South Churton Street, the office is staffed by Danny
Lloyd, first vice president and city executive, a 15-year resident
of Hillsborough with more than 20 years of banking experience;
Keisha Davis, branch manager, a life-long resident of Hillsborough
with 10 years of banking experience; and Pam Gibson, financial
service representative, with 11 years of banking experience in the
Hillsborough area. "Cardinal State Bank is now Hillsborough's
community bank," said John Mallard, President and CEO. "Danny,
Keisha, and Pam are eager to serve businesses and residents from
this convenient downtown location and the Cardinal State Bank team
as a whole is excited to be a part of the Hillsborough community."
The branch officially opens with a ribbon-cutting at 9 a.m. on
Tuesday, Sept. 5. Assisted by the Hillsborough Chamber of Commerce,
Cardinal State Bank has invited the downtown business community,
board members, customers, and guests to enjoy the ceremony,
followed by breakfast catered by Hillsborough's own Tony's
Barbeque. At the event, attendees can register to win an iPod
Nano(R). No purchase is necessary to register or to win. Cardinal
State Bank is a full-service community bank headquartered in
Durham. Current offices are located at: Independence Park, Westgate
Drive, and Homestead Market in Durham. Cardinal State Bank reported
$175.8 million in total assets as of June 30, 2006. This news
release may contain, among other things, certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including, without limitation, (i) statements
regarding certain of Cardinal State Bank's goals and expectations
with respect to earnings, earnings per share, revenue, expenses,
and the growth rate in such items, as well as other measures of
economic performance, including statements relating to estimates of
credit quality trends, and (ii) statements preceded by, followed
by, or that include the words "may," "could," "should," "would,"
"believe," "anticipate," "estimate," "expect," "intend," "plan,"
"projects," "outlook," or similar expressions. These statements are
based upon the current beliefs and expectations of Cardinal State
Bank's management and are subject to significant risks and
uncertainties. Actual results may differ from those set forth in
the forward-looking statements. These forward-looking statements
involve certain risks and uncertainties that are subject to change
based on various factors (many of which are beyond Cardinal State
Bank's control). DATASOURCE: Cardinal State Bank CONTACT: John W.
Mallard, Jr., President and CEO of Cardinal State Bank,
+1-919-403-2833, or Web site: http://www.cardinalstatebank.com/
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