TrustAtlantic Bank

Trustatlantic Bank Hires Raleigh Deposit Officer

Raleigh, N.C.—April 27, 2008—TrustAtlantic Bank, the wholly owned subsidiary of TrustAtlantic Financial Corporation, today announced the addition of Molly T. Casey to its banking team. Casey will serve as Deposit Officer for the bank and will focus on business development and deposit growth in the greater Raleigh, N.C. area. She comes to TrustAtlantic Bank from WakeMed Health & Hospitals where she served as Manager for Physician Relations. Casey has more than 20 years experience in sales, marketing and business development roles, all in the central North Carolina market.

"We are very excited to have Molly join our team," said Randy Powell, Executive Vice President and Chief Banking Officer of TrustAtlantic Bank. "We intentionally went outside the banking arena to hire someone with significant local ties and impeccable business development skills. I have no doubt that Molly will make an immediate impact in exposing our young bank to a new segment of prospective customers."

"This move is perfect for me," stated Casey. "I have the opportunity to incorporate my prior business development skills while also learning more about the financial services industry. And the bank's strategy of relationship-oriented banking blends perfectly with my consultative sales skills."

Casey is a native of Washington, D.C., but has lived in Raleigh since 1983. She is a graduate of East Carolina University and also holds her North Carolina residential real estate license. Casey is very active in local civic activities and has volunteered time and talent to over a dozen area non-profit agencies. She will be located in the bank's corporate office in Raleigh.

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 two banking offices in Greenville and two in Raleigh, and anticipates opening additional branch offices in the greater Raleigh-Cary metro areas as well as Greenville in the coming years.