RALEIGH, N.C. . . . North State Bank (the Bank) named Shannon Reaves as Small Business Administration (SBA) Business Development Officer for its Government Lending Division, announced Larry Moran, President of Government Lending.
In this role, Reaves will cultivate new business relationships and work with companies to find government-backed lending solutions structured to meet their needs.
“Shannon excels at working with customers to understand the nuances of their business,” commented Moran. “Combined with her robust knowledge of lending products and track-record of superb customer service, she is a great addition to our SBA lending team.”
Reaves joined North State in 2016 and has served in roles in the Bank’s Specialized Lending and Mortgage divisions. Prior to that, she held leadership and lending positions at Angel Oak Home Loans, Yadkin Bank (now First National) and Harrington Bank (now Pinnacle Financial Partners). An alumna of Mount Olive College, she earned a Bachelor of Science in Business Administration and is a graduate of the North Carolina School of Banking at the University of North Carolina at Chapel Hill. A life-long North Carolinian, Reaves has called the Triangle home for over 20 years.
“I am excited to join the SBA team,” shared Reaves. “I am doing what I love most, partnering with business owners to help the vision they have for their company become a reality.”
Shannon Reaves
North State is an SBA preferred lender, meaning the Bank can approve, underwrite and service SBA-guaranteed loans without prior review from the SBA, providing quicker turnaround for loan decisions and funding. The Bank earned this designation by demonstrating proficiency in processing and servicing SBA-guaranteed loans. In 2019, the Bank was ranked in the top 25 SBA Lenders in North Carolina.
Founded in 2000, North State Bank is an independent, full-service community bank serving Wake and New Hanover counties through seven offices and serves the community management association industry through its division, CommunityPLUS. 2020 marks the Bank’s 20th year in business.
NEWS RELEASE
For more information, contact: Larry M. Moran
President, Government Lending LMoran@NorthStateBank.com 919.838.7014
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This news release may contain forward-looking statements. Actual results might differ materially from those projected in the forward-looking statements for various reasons, including our ability to manage growth, changes in real estate values and the real estate market, regulatory changes and increased deposit insurance assessments, economic conditions, changes in interest rates, substantial changes in financial markets, loss of deposits and loan demand to other savings and financial institutions and our limited operating history.
