Sound Bank has changed its name to Dogwood State Bank and moved its headquarters from Morehead City to Raleigh. The relocation had a soft opening in September. "We've had a really good reception from the business community here," said CEO Steve Jones. "Our goal is to have a statewide community bank and this provides a central location to be based out of." As part of its rebranding plan, Dogwood State Bank completed a recapitalization in May and restructured the bank's board of directors and senior executive team to oversee approximately $325 million in total assets. The bank's growth is set to continue with a new location in Charlotte that they are close to signing a lease on, he said. The location will be in Charlotte's South Point, as first reported by the Triangle Business Journal. The bank now has four locations, in Raleigh, Morehead City, Greenville and Wilmington.