2010-01-28 — cnn.com
"North State Bank has signed an agreement to acquire the mortgage operations of Affiliated Mortgage, LLC, a Raleigh-based mortgage company, according to Larry D. Barbour, president and CEO of North State Bank and North State Bancorp (OTC Bulletin Board: NSBC), the bank's holding company. The agreement calls for the purchase to close on or before February 12, 2010, at which time a new division of the bank will form—North State Bank Mortgage—with Ken Sykes, Affiliated's managing partner, serving as president."
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