Bank of Granite Corporation Appoints Jerry A. Felts as Chief ...

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Bank of Granite Corporation Appoints Jerry A. Felts as ChiefOperating Officer (Marketwire Via Acquire Media NewsEdge) GRANITE FALLS, NC, July 18/ MARKET WIRE/ --

Bank of Granite Corporation (NASDAQ: GRAN) ("theCompany") has announced the appointment of Jerry A. Felts, as

Chief Operating Officer. Felts will be responsible for overseeingand
directing management reporting and strategic planning for Finance,Credit
Administration and Operations according to an announcement made byR. Scott
Anderson, Bank of Granite Corporation CEO and President.

Felts, a retired Ernst & Young LLP partner with 30+ years ofexperience in
a financial institution practice, has been engaged with Bank ofGranite
since November of 2007. His areas of consulting expertise include
financial reporting, financial institution regulatory compliance,internal
auditing, mortgage banking, and credit management.

Felts, a Charlotte resident, earned a BS in Accounting from theUniversity
of Tennessee in Knoxville and is a member of the American Instituteof
CPA's (AICPA), Tennessee Society of CPA's and the Institution ofInternal
Auditors.

Anderson, CEO and President, states, "We are excited to haveJerry Felts
join our Bank of Granite Executive leadership team. His vastexperience
with banks all across the United States will continue to be atremendous
help to us."

Felts states, "I look forward to working with our leadershipteam and see
this as a great opportunity to contribute to Bank of Granite'scontinued
success."

This appointment is part of the Company's effort to focus itsresources on
the multifaceted challenges facing the financial industry.