Dogwood State Bank officially celebrated the opening of its sixth North Carolina branch in Sanford Tuesday with a ribbon-cutting ceremony, attended by several business leaders and members of the community.

Dogwood is a state-chartered community bank headquartered in Raleigh. The Sanford branch is a result of a $28 million capital allocation intended to accelerate the building of new offices throughout North Carolina.

“We are excited to be expanding our footprint to serve the Sanford community,” said Stewart Forbes, market executive of the Sanford branch. “Dogwood is a great option for customers looking for the advanced products and resources that you would expect from a national bank, with the additional personal attention that only a local
bank can provide.”

Alongside Forbes, Chealsey Ruta is the Sanford branch manager. Other North Carolina locations for Dogwood include Raleigh, Wilmington, Charlotte, Morehead City and Greenville.

The new branch is located in the Tramway Crossing Shopping Center in Sanford at 2222 Jefferson Davis Highway (U.S. 1), and the phone number is (919) 897-5776. Dogwood — which reports approximately $612 million in total assets — specializes in providing lending services to small businesses through its Small Business Lending Division.

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