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VantageSouth Bank Recruits Familiar Name

RALEIGH, N.C., July 30, 2013 (GLOBE NEWSWIRE) -- VantageSouth Bank (NYSE MKT:VSB) announced today the addition of Kim Lamm as Senior Mortgage Production Manager. With over 25 years of experience in the mortgage industry in North Carolina, Lamm joins the bank from PNC Bank (formerly RBC Bank), bringing a level of industry knowledge that will ensure continued growth and an added level of service to VantageSouth clients across the state.

"I am excited to join the VantageSouth mortgage team and look forward to working with the many experienced professionals that the Bank has been able to recruit," said Lamm. His main focus will be to recruit and manage the mortgage loan officers across the franchise and ensure that the bank continues to increase its purchase business. Lamm will work with the bank's senior management team and the recently formed builder finance group to grow the mortgage business responsibly, while positioning the mortgage team for the changing rate environment.

"We are very pleased to welcome Kim to the team," said David Rupp, Retail Banking President. "He is a trusted leader in the mortgage business and will be a valuable team member as we continue to grow the mortgage business along with our franchise. With the changes underway in the mortgage market, Kim's experience is vitally important."

As a resident of Rocky Mount, NC, husband to wife Lisa for 27 years, and father to two sons, Lamm continues to serve his local community through service work with the Habitat for Humanity and involvement with Calvary Baptist Church.

VantageSouth Bank

VantageSouth Bank is a state-chartered bank operating 46 banking centers from the central Piedmont to the coast of North Carolina. The common stock of VantageSouth Bancshares, Inc., which is headquartered in Raleigh and wholly owns VantageSouth Bank, is listed on the NYSE MKT where it trades under the symbol VSB. For more information about VantageSouth Bank, visit www.VantageSouth.com.

CONTACT: Media Contact: Blair Kennedy, Marketing Manager, VantageSouth Bank 919.659.9021 blair.kennedy@vsb.com

Source:VantageSouth Bancshares, Inc.