CSNC Cardinal State Bank (MM)

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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