GRAYSTONE BANK EXCEEDS $500 MILLION IN ASSETS
May 1, 2008 – Graystone Financial Corp. (the “Company”), the parent company for Graystone Bank, announced today that Graystone Bank has surpassed $500 million in assets. Graystone Bank, which opened in November, 2005, has set records as one of the fastest growing de novo banks in Pennsylvania. This latest accomplishment represents yet another impressive milestone for the organization.
“For Graystone to achieve this terrific milestone in just over two years of operation is truly phenomenal. Many de novo banks are in business five to ten years before they reach $500 million in assets. I’m extremely proud of all of our employees who have contributed in achieving this milestone and also want to sincerely thank our customers, shareholders and the community who have made this possible,” said Andrew Samuel, Chairman and Chief Executive Officer.
Graystone Bank customer, Deb Tighe stated, “Graystone is a relationship oriented bank that invests the time to truly know their customers and their financial goals and dreams. Their success is directly related to their ability to understand who their customers are as individuals, what their financial goals are, and then meet or exceed those goals.”
The Company’s wholly owned subsidiary, Graystone Bank, was founded in 2005 and serves Cumberland, Dauphin, Lancaster, Lebanon, York, and Centre counties in Pennsylvania, and Frederick County, Maryland, with seven convenient branch office locations and two loan production offices. Graystone offers a full range of checking, savings, and loan products to retail, business, and non-profit customers. Recognized with the 1st place award among the 2007 Best Places to Work in Pennsylvania, the core of the Bank’s strategy is based on local, relationship-oriented bankers with a passion for their customers and the communities they serve. For more information, please visit the Company’s website at www.graystonebank.com.
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