Office of the Commissioner of

NEWS RELEASE JOSEPH A. SMITH, JR. COMMISSIONER OF BANKS

RELEASE: IMMEDIATE DATE: JULY 24, 2008 CONTACT: HA NGUYEN DISTRIBUTION: STATEWIDE PHONE: 919/733-3016

RALEIGH --- The State Banking Commission convened its regular meeting on Wednesday, July 23, 2008, at 9:00 A.M. in the Hearing Room of The Office of the Commissioner of Banks, 316 W. Edenton Street, Raleigh, North Carolina.

The following was approved:

To affirm the Commissioner’s Decision and Order re: Kevin C. Gill, Docket No. 08:048:MBB.

Since the last meeting (5/14/08), the Commissioner of Banks has approved the following pursuant to APA Rules:

For Consideration under 4 NCAC 3C .0201 – Establishment: Applications by Branch Banking and Trust Company, Winston-Salem, North Carolina, for authority to establish the following branches:

Gatlinburg Branch at 811 Parkway, Gatlinburg, Sevier County, Tennessee; and Stonebridge Village Branch at 3521 Kildaire Farm Road, Cary, Wake County, North Carolina.

Application by NewBridge , Greensboro, North Carolina, for authority to establish its University Parkway Branch at the Northeast quadrant of the intersection of University Parkway and Patterson Avenue, Winston-Salem, Forsyth County, North Carolina.

For Consideration under 4 NCAC 3C .0301 – Relocation: None

Other: Application by New Century Bank, North Carolina, for authority to relocate its Clinton Branch from 506 Southeast Boulevard to 111 Northeast Boulevard, both locations being in Clinton, Sampson County, North Carolina, and to rename the new branch as Clinton Main Branch.

316 W. Edenton Street, Raleigh, North Carolina 27603 919/733-3016 Telefax: 919/733-6918

Application by Providence Bank for authority to relocate its main office from 2401 Sunset Avenue to 450 North Winstead Avenue, both locations being in Rocky Mount, Nash County, North Carolina; and to establish a branch at 2401 Sunset Avenue, Rocky Mount, Nash County, North Carolina, to be known as the Sunset Avenue Branch.

Approved under Authority of Rule 4 NCAC 3C.0201 – Establishment: Application by Bank of North Carolina, Thomasville, North Carolina, for authority to establish its Mooresville Branch at 125 Commerce Park Drive, Suite 101, Mooresville, Iredell County, North Carolina.

Application by BlueHarbor Bank, Mooresville, North Carolina, for authority to establish its Huntersville Branch at 104 North Statesville Road, Huntersville, Mecklenburg County, North Carolina.

Applications by Branch Banking and Trust Company, Winston-Salem, North Carolina, for authority to establish the following branches:

New Town Branch at 5224 Monticello Avenue, Williamsburg, James City County, ; Westport Plaza Branch at 9720 Westport Road, Louisville, Jefferson County, Kentucky; Thomas Crossroads Branch at 190 Glenda Trace, Newnan, Coweta County, Georgia; Brunswick Forest Branch at 1201 Brunswick Forest Parkway, Leland, Brunswick County, North Carolina; Rozzelles Crossing Branch at 2931 Mount Holly-Huntersville Road, Charlotte, Mecklenburg County, North Carolina; Cosner’s Corner Branch at Southeast corner of intersection of Routes 1 &17, Fredericksburg, Spotsylvania County, Virginia; The Arbors Branch at the North corner of intersection of Mallard Creek Church Road and Claude Freeman Drive, Charlotte, Mecklenburg County, North Carolina; Sunset Avenue Branch at 2636 Sunset Avenue, Rocky Mount, Nash County, North Carolina; and Baltimore Inner Harbor Branch at 1510-1512 Fleet Street, Baltimore, Baltimore City, Maryland.

Application by First Carolina State Bank, Rocky Mount, North Carolina, for authority to establish its Greenville Branch at 300 East Arlington Boulevard, Suite 4B, Greenville, Pitt County, North Carolina.

Application by Mountain 1st Bank & Trust Company, Hendersonville, North Carolina, for authority to establish its Hickory Main Office at 1880 Highway 127 North, Hickory, Catawba County, North Carolina.

316 W. Edenton Street, Raleigh, North Carolina 27603 919/733-3016 Telefax: 919/733-6918

Applications by NewBridge Bank, Greensboro, North Carolina, for authority to establish the following branches:

New Garden Branch at 1501 Highwoods Boulevard, Suite 102, Greensboro, Guilford County, North Carolina; and Battleground Branch at 1702 Battleground Avenue, Greensboro, Guilford County, North Carolina.

Application by RBC Bank (USA), Raleigh, North Carolina, for authority to establish its Atlanta-Prado Branch at 5640 Roswell Road, NE, Atlanta, Fulton County, Georgia.

Application by TrustAtlantic Bank, Raleigh, North Carolina for authority to establish its Cary Preston Office at 130 Preston Executive Drive, Suite 102, Cary, Wake County, North Carolina.

Approved under Authority of Rule 4 NCAC 3C .0301– Relocation: Applications by Branch Banking and Trust Company, Winston-Salem, North Carolina, for authority to relocate the following branches:

Falls Plaza Branch from 1224 West Broad Street to 1220 West Broad Street, both locations being in Falls Church, Falls Church City, Virginia; and Bel Air Downtown Branch from 26 South Main Street to 37 South Main Street, both locations being in Bel Air, Harford County, Maryland.

Application by KeySource Commercial Bank, Durham, North Carolina, for authority to relocate its Main Office from 410 Blackwell Street, Suite 60, to 280 South Mangum Street, both locations being in Durham, Durham County, North Carolina.

Applications by NewBridge Bank, Greensboro, North Carolina, for authority to relocate the following branches:

Randolph Street Office from 941 Randolph Street to 919 Randolph Street, both locations being in Thomasville, Davidson County, North Carolina; and Kernersville Office from 131 East Mountain Street to 230 East Mountain Street, both locations being in Forsyth, Forsyth County, North Carolina.

Other: Application by RBC Bank (USA), Raleigh, North Carolina, for authority to relocate its Newnan-Glenda Trace Branch from 90 Glenda Trace, Suite M, to 2904 Sharpsburg McCullum Road both locations being in Newnan, Coweta County, Georgia, and to rename the branch as the Newnan-Sharpsburg McCullum Road Branch.

Notice of Closings under 4 NCAC 3C .02: Notification of intent by Macon Bank, Inc., Franklin, North Carolina, to close its South Buncombe Branch at 2349 Hendersonville Road, Arden, Buncombe County, North Carolina.

316 W. Edenton Street, Raleigh, North Carolina 27603 919/733-3016 Telefax: 919/733-6918

Notification of intent by Mechanics and Farmers Bank, Durham, North Carolina, to close its University Park Office at 2101 Beatties Ford Road, Charlotte, Mecklenburg County, North Carolina.

Notifications of intent by RBC Bank (USA), Raleigh, North Carolina, to close the following branches:

Biltmore Forest Branch at 900 Hendersonville Road, Suite 107, Asheville, Buncombe County, North Carolina; and Greenville-Wade Hampton Branch at 2000 Wade Hampton Blvd., Building1, Greenville, Greenville County, South Carolina.

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316 W. Edenton Street, Raleigh, North Carolina 27603 919/733-3016 Telefax: 919/733-6918