NEWS RELEASE: Gateway Bank Has Broken Ground

Jan 1, 2007

Wilmington, N.C. – January 1, 2007 – Cape Fear Commercial is pleased to announce Gateway Bank breaking ground for construction. Gateway Bank has hired Cape Fear Commercial to develop the two-story 8,712 SF facility. Heading up the project for Cape Fear Commercial is H.E. “Hank” Miller III, Associate Director of Business Development, who has been involved and worked with multiple developers and companies s in overseeing projects such as this.

The facility will be located on Military Cutoff Road; just past the main entrance to Mayfaire, enabling Gateway Bank to have excellent visibility and access with a centralized location in Wilmington. Thomas Construction Group of Wilmington has been chosen as the general contractor for this project.

About Cape Fear Commercial
Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. For more information on the Wachovia Building or Cape Fear Commercial, visit them online at www.capefearcommercial.com.