VIRGINIA BEACH, Va., April 4, 2007 (PRIME NEWSWIRE) -- Gateway Financial Holdings, Inc. (Nasdaq:GBTS), the holding company for Gateway Bank & Trust Co., has announced the opening of a loan production office at 421 Meadowmont Village in Chapel Hill, North Carolina.
"Chapel Hill is a wonderful expansion opportunity for Gateway Bank." said Ben Berry, Chairman and CEO of Gateway Bank. "The triangle region is continually recognized as one of the best places to live and do business in the country. Darren Howell, our city executive for Chapel Hill/Durham is an experienced professional who will lead Gateway with unparalleled leadership and service in this market."
"Gateway Bank's entry into the Chapel Hill/Durham market will introduce our community banking approach and will serve our clients well," says Darren Howell." I look forward to helping businesses with their needs and being an active member of the community which we serve."
About the Company
Gateway Financial Holdings, Inc. is the parent company of Gateway Bank & Trust Co., a regional community bank with a total of twenty-four full-service financial centers -- thirteen in Virginia: Virginia Beach (7), Chesapeake (3), Suffolk, Norfolk and Emporia; and eleven in North Carolina: Elizabeth City (3), Edenton, Kitty Hawk (2), Moyock, Nags Head, Plymouth, Roper and Raleigh, in addition to a private banking center in Raleigh. The Bank provides insurance through its Gateway Insurance Services, Inc. subsidiary, brokerage services through its Gateway Investment Services, Inc. subsidiary, and mortgage banking services through its Gateway Financial Mortgage, Inc. subsidiary. The common stock of the Corporation is traded on the Nasdaq Global Market under the symbol GBTS. For further information, visit the Corporation's web site at www.gwfh.com.