Steve Anderson Joins Cardinal State Bank as Senior Vice President and Business Banking Manager

Steve Anderson Joins Cardinal State Bank as Senior Vice President
and Business Banking Manager
Long-time Durham banker to lead Cardinal State Bank's commercial lending team



DURHAM, N.C., April 26  /PRNewswire-FirstCall/ -- Steve Anderson has joined
Cardinal State Bank (NASDAQ:CSNC) as senior vice president and business banking
manager, announced John W. Mallard, Jr., president and CEO for Cardinal State
Bank.

"We are fortunate to welcome someone with such outstanding credentials to our
banking team," said Mallard. "Steve's exceptional reputation in commercial
lending in Durham, as well as his strong leadership and customer relationship
skills, will be invaluable to Cardinal State Bank."

Anderson has been in banking for nearly 30 years. Before joining Cardinal State
Bank, he was senior vice president and manager of Durham Commercial Lending for
the former Central Carolina Bank (now SunTrust), where he had also served as a
senior commercial loan officer.  Prior to joining CCB, he worked as a vice
president of corporate banking, manager of business and private banking, and
corporate banking officer for Wachovia Bank in Durham.

A graduate of East Carolina University, Anderson is a graduate of both the
Mid-Management and Advanced Management programs of the North Carolina School of
Banking.  He received a Foundation of Banking diploma from the American
Institute of Banking and attended the National Personnel School and Bank
Trainers School offered by the American Banker's Association.

Outside of banking, Anderson holds a number of community positions. He is a
member of the board of directors of the Durham Chamber of Commerce, a member of
the board of directors of the Duke University Blue Devil Club, president of
Willowhaven Country Club, and a past board member of the Central Carolina
Chapter of the American Red Cross.  He is a member of the Durham Citizens
Safety Committee, a campaign volunteer for United Way, and a committee leader
for Boy Scouts of America Troup 412.  He and his family live in Durham.

Cardinal State Bank, headquartered in Durham, NC, is a full-service community
bank. Founded in 2001, the Bank has three offices in Durham: Independence Park,
Westgate Drive and Homestead Market and an ATM at Northgate Mall. As of March
31, 2005, the Bank reported $142.2 million in total assets.

http://www.cardinalstatebank.com/

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: Lewis Bass, Executive Vice President and Chief Credit Officer of

Cardinal State Bank, [phone], or  



Web site: http://www.cardinalstatebank.com/ 

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