Parkway Bank to Expand Franchise
October 11 2006 - 3:00PM
PR Newswire (US)
LENOIR, N.C., Oct. 11 /PRNewswire-FirstCall/ -- Parkway Bank
(OTC:PKWY) (BULLETIN BOARD: PKWY) today announced that a future
site for a full service branch in Granite Falls has been purchased.
The proposed site is located at the corner of Falls Avenue and
Sunnyside Street. The proposed branch is subject to rezoning from
the current zoning status of neighborhood business to office and
institutional. No definitive timeline has been issued at this
point. "As part of our long term strategy, our plans have always
been to have a full service operation in Granite Falls and now we
have secured a location," said Gary Clawson, Parkway's President
and CEO. "Granite Falls is a very important market to us for
several reasons. One of the most important reasons, for me
personally, is to get back in the community where my father
successfully operated Granite Savings and Loan Association (Granite
Saving Bank) for so many years. It's a market where we have many
shareholders, already have numerous customers and three of our
Board members, that are an important part of the Granite Falls
community, live there." For more information about the Bank and our
products and services, contact Parkway Bank at 828-758-1414, or
visit http://www.parkwaybanknc.com/. This release contains certain
forward-looking statements with respect to the financial condition,
results of operations and business of the Bank. These
forward-looking statements involve risks and uncertainties and are
based on the beliefs and assumptions of management of the Bank and
on the information available to management at the time that these
disclosures were prepared. These statements can be identified by
the use of words like "expect," "anticipate," "estimate" and
"believe," variations of these words and other similar expressions.
Readers should not place undue reliance on forward-looking
statements as a number of important factors could cause actual
results to differ materially from those in the forward-looking
statements. The Bank undertakes no obligation to update any
forward-looking statements. DATASOURCE: Parkway Bank CONTACT: Gary
T. Clawson of Parkway Bank, +1-828-758-1414 Web site:
http://www.parkwaybanknc.com/
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