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Rocky Mount-based Providence Bank plans to expand into the state capital, executives announced Sept. 1.
The new office, scheduled to open in the fourth quarter of 2020 subject to federal and state regulatory approval, will be located at 100 E. Six Forks Road, Suite 304, in Raleigh.
“We’ve been an active lender throughout the Wake County market for over 10 years and have been fortunate enough to develop relationships with some of the area’s most innovative and enterprising businesses and real estate developers,” President and CEO Ted E. Whitehurst said in a news release. “We’re excited to deepen those relationships while also broadening our reach to other businesses and individuals who would benefit from a banking experience tailored to their financial needs.”
Providence Bank currently has five branches that serve Rocky Mount, Nashville, Tarboro and Wilson. Founded in 2006, the community bank has roughly $563.9 million in assets under management.
For more information, visit www.pbknc.com.