TrustAtlantic Bank

TrustAtlantic Bank Enters Residential Mortgage Loan Business - Names Mortgage Veteran Cynthia Smith as Manager

Raleigh, NC—October 21, 2013—TrustAtlantic Bank today announced the formation of a residential mortgage lending group that will be led by Cynthia Smith. This new department will originate conventional mortgage loans as well as FHA, USDA and other government backed home loans.

  “We are excited to offer competitive home loans to our customers” said James A. Beck, President and Chief Executive Officer for TrustAtlantic Bank. “The purchase of a home is one of the most significant financial transactions in the lives of many people and providing the financing for buying a home is one more way we can help our customers reach their financial goals. We are extremely fortunate to have Cindy Smith to build and manage our mortgage area. With over 20 years of residential mortgage lending experience, Cindy will ensure that we deliver the same reliable, responsive service in our mortgage business that TrustAtlantic has become known for.”

“I am thrilled with this opportunity” stated Cynthia Smith. “TrustAtlantic Bank has a strong history of supporting residential builders in our market. By having the ability to offer residential mortgages, we are now uniquely positioned to not only assist in funding the construction and development of homes and neighborhoods in our community, but also help our customers in realizing their dreams of home ownership.”

Cynthia Smith began her mortgage career in 1990 and is a seasoned veteran in both mortgage loan production and mortgage management. Her entire mortgage career has been in Wake County, including a 15 year span with BB&T. Most recently Ms. Smith was the mortgage lending manager for Patriot State Bank.

  Cynthia Smith is a graduate of East Carolina University and received her MBA from Meredith College. She will be operating out of the bank’s Cary office located at 3685 SW Cary Parkway. Ms. Smith is active in the local community and is currently involved with the Cary Chamber of Commerce and the Cary YMCA.

About TrustAtlantic Bank: Headquartered in Raleigh, North Carolina, TrustAtlantic Bank is the wholly owned subsidiary of TrustAtlantic Financial Corporation. The Bank’s primary competitive focus is to build broad financial relationships with mid-market businesses and their owners, professionals and other individuals who desire value-added service. The Bank operates one banking office in Greenville, three in Raleigh, and one in Cary. It anticipates opening additional branch offices in the greater Raleigh-Cary metro area as well as Greenville in the coming years.