TrustAtlantic Bank

TrustAtlantic Bank Hires Greenville Commercial Officer

Raleigh, N.C.—January 09, 2008—TrustAtlantic Bank today announced the hiring of Thomas B. Jones as Senior Vice President and Commercial Relationship Officer in Greenville, N.C. Jones is a seasoned banker who most recently served in a similar role with The Little Bank in Greenville. He will be responsible for business development and commercial relationship management in the greater Pitt County area.

"We are very fortunate to have someone as experienced as Tom join our team," said Freeman Paylor, Senior Vice President and Market President for TrustAtlantic Bank in Greenville. "Tom has a strong lending background and a good feel for the financial needs of the businesses and individuals in our community. He also holds a general contractors license, which brings a new dimension of experience to our bank. We are very excited to have Tom on board."

"I am extremely excited about this opportunity," stated Jones. "TrustAtlantic Bank is dedicating the necessary resources for us to be successful in the Greenville area, and we are poised to take an active leadership role in this community."

Jones is a North Carolina native with nearly 20 years of banking experience. He attended NC State University and is a graduate of the Graduate School of Retail Bank Management at the University of Virginia in Charlottesville, Va. He lives in Greenville with his wife Kay.

About TrustAtlantic Bank:

Headquartered in Raleigh, North Carolina, TrustAtlantic Bank is the wholly owned subsidiary of TrustAtlantic Financial Corporation. TrustAtlantic Financial recently completed an acquisition of Millennia Community Bank in Greenville, North Carolina. The bank operates two banking offices in Greenville and one in Raleigh, and anticipates opening additional branch offices in the greater Raleigh-Cary metro area as well as Greenville in the coming years.