Durham Department of Parks and Recreation Wins Outstanding Parks & Recreation Award - Credits Cardinal State Bank-Sponsored Even
08 January 2008 - 2:09AM
PR Newswire (US)
DURHAM, N.C., Jan. 7 /PRNewswire-FirstCall/ -- The City of Durham's
Department of Parks and Recreation was recently awarded the 2007
Outstanding Parks & Recreation Department Award by the United
States Tennis Association - Southern Section. Tammy Brown, USTA
Local League Coordinator for Durham Parks and Recreation, credits
Cardinal State Bank's sponsorship of the locally-held USTA
Tournament with helping them garner the award. According to Brown,
"Cardinal State Bank's sponsorship was key to making this event so
successful; I look forward to continuing our great working
relationship with them in 2008 and for many years to come." The
three-day event, held in September across 16 different sites in
Durham, brought 5,000 spectators from Virginia, South Carolina,
Georgia and from across North Carolina. Due to the success of the
2007 tournament, the City of Durham's Department of Parks and
Recreation will host the Tournament again in 2008. "As Durham's
community bank, it was an honor to contribute to an event that
brought so many people to Durham and helped gain recognition for
our Parks and Recreations Department," said John Mallard, president
and CEO of Cardinal State Bank. Cardinal State Bank is a
full-service community bank headquartered in Durham. Offices are
located at: Independence Park, Westgate Drive, Homestead Market and
downtown Hillsborough. Cardinal State Bank reported $199.7 million
in total assets as of September 30, 2007. Pending shareholder and
regulatory approval, Cardinal State Bank will become part of Yadkin
Valley Bank & Trust Company in 2008. This news release may
contain, among other things, certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including, without limitation, (i) statements regarding
certain of Cardinal State Bank's goals and expectations with
respect to earnings, earnings per share, revenue, expenses and the
growth rate in such items, as well as other measures of economic
performance, including statements relating to estimates of credit
quality trends, and (ii) statements preceded by, followed by or
that include the words "may," "could," "should," "would,"
"believe," "anticipate," "estimate," "expect," "intend," "plan,"
"projects," "outlook" or similar expressions. These statements are
based upon the current beliefs and expectations of Cardinal State
Bank's management and are subject to significant risks and
uncertainties. Actual results may differ from those set forth in
the forward-looking statements. These forward-looking statements
involve certain risks and uncertainties that are subject to change
based on various factors (many of which are beyond Cardinal State
Bank's control). DATASOURCE: Cardinal State Bank CONTACT: Brian
Bishop, First Vice President and Retail Branch Coordinator of
Cardinal State Bank, +1-919-403-2833, Web site:
http://www.cardinalstatebank.com/
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