Community Associations Network Industry News

RALEIGH, N.C., March 3 /PRNewswire/ -- North State Bank (OTC Bulletin Board: NSBC) president and CEO Larry Barbour announced that the bank's balances for community associations have exceeded $100 million.

"This marks a huge milestone for our bank," said Barbour. "Since our inception in 2000, we have been deeply committed to serving the banking needs of community associations through property management companies in our market area," Barbour later comments, "and we have not wavered from that promise. We have built a strong portfolio under the leadership of Sandra Temple and Greg Asbelle. Mrs. Temple is also president of Community Association Institute (CAI), the statewide trade association for property management companies, and is deeply rooted in the industry. I am pleased to report these numbers as we continue to grow and expand our relationships within this dynamic market."

North State Bank currently serves 32 associations in North Carolina - stretching from Morganton to Manteo. The bank also serves one association in Maryland. These associations accounted for $103 million in total deposits as of February 28, 2008.

Founded in 2000, North State Bank is a full-service community bank, serving Wake and New Hanover counties through seven full-service offices. Plans are underway for a loan production office to open in Morehead City, North Carolina, in spring 2008.

North State Bancorp is listed on the OTC electronic bulletin board under the symbol "NSBC."

www.northstatebank.com

This news release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, our limited operating history, substantial changes in financial markets, regulatory changes, changes in interest rates, loss of deposits and loan demand to other savings and financial institutions, and changes in real estate values and the real estate market. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the Company.

Posted by Joe at 11:09 AM | Permalink

Boston, MA (PRWEB) March 3, 2008 -- Boston Condo Group is announcing the launch of their new website, BostonCondoGroup.com. The site has been completely recreated to include innovative search tools, the largest database of residential developments in the city, as well as a sleek front-end design that greatly improves the user's experience.

The Boston real estate market has recently experienced a residential building boom where many new condo developments have been built throughout the city. This new inventory adds to an already large catalog of luxurious buildings and brownstones in Boston's neighborhoods, such as Beacon Hill, North End, Back Bay, Charlestown, South End and the Waterfront. Potential buyers in this market have been in need of a resource that allows them to breakdown the inventory based on their needs and search criteria. Most real estate websites simply feature units that they have listings for, rather than all that is available on the market, and this presents a huge disadvantage to buyers. Boston Condo Group's news website combines a complete database of available inventory along with innovative search tools that have been developed to make the searcher's experience as efficient as possible.

Matthew Powers, Chief Information Officer, whom developed the website's search technology, said, "Our search capabilities leverage off of today's latest technology, which in turn help facilitate an informative experience for our clients. The website containing a wealth of information is not enough for us, we take pride in being able to present it too our users in a unique and helpful manner."

Boston Condo Group hired the services of one of the city's top web development firms to create a sleek and modern design for the new site, one that would be appealing to visitors while adding a sense of simplicity to the site's navigation. The combination of achieving each of these objectives has resulted in a website that is completely user-friendly.

Matthew Winterle, Broker and co-founder of Boston Condo Group, said "We are really excited to receive feedback from our visitors after they see the new site for the first time. We've always had a wealth of information available to them, but our old site didn't present it as efficiently as we would have liked, and many visitors would leave before finding the information they needed. The new site has done very well in testing, and I'm confident that the overall experience for all of our users will be greatly improved."

About Boston Condo Group, LLC:
Boston Condo Group is a real estate brokerage that focuses on representing buyers within Boston's residential condominium market. BostonCondoGroup.com was developed in an effort to create the definitive resource for buyers searching the condo market. Our innovative tools enable visitors to search the MLS, by neighborhood, or by viewing our hundreds of dedicated development pages. Boston Condo Group is located on the Waterfront in Boston's North End. Contact us today.

Posted by Joe at 10:36 AM | Permalink