Jonathan Racine Named Relationship Banking Manager

November 11, 2024

For more information, contact:

Amanda M. Lloyd

Executive Vice President and Chief People Officer

RALEIGH, N.C. . . . North State Bank (the "Bank") named Jonathan Racine as assistant vice president and relationship banking manager for its Downtown Raleigh office, announced Amanda M. Lloyd, executive vice president and chief people officer. In this position, Racine will develop and enhance loan and deposit relationships with existing and prospective customers and also will oversee office operations.

“We are pleased to have Jonathan join North State,” Lloyd shared. “His banking and management experience will serve our downtown customers well and will benefit the Bank in this rapidly growing and changing market.”

Racine, who grew up in Chicago, Illinois, is a graduate of the University of North Carolina at Wilmington with a degree in political science. Prior to joining North State, he served in positions of increasing responsibility with Wells Fargo, SunTrust (now Truist), and KeyBank, and as a branch manager with Bangor Savings in Maine.

Racine said, “I’m excited to be back in North Carolina and to join North State. There’s a great vibe to Raleigh that reflects its long history and limitless future. Being downtown allows me to have my finger on the pulse of the businesses and the people who call this area home. I look forward to getting to know them and helping them accomplish their goals.”

Founded in 2000, North State Bank is an independent, full-service community bank serving Wake and New Hanover counties through seven offices and serves the community management association industry through its division, CommunityPLUS.

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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.