GREENSBORO, N.C., Jan. 31, 2008 (PRIME NEWSWIRE) -- Carolina Bank Holdings Inc. (Nasdaq:CLBH) President and CEO Robert T. Braswell announces the opening of a new Loan Production Office in Winston Salem, N.C at 1590 Westbrook Plaza Dr, Suite 103.

Braswell states, "Winston Salem has long been part of our initial strategic plan for offices of Carolina Bank. Our entry into the market completes that goal. Our efforts in the market will be led by highly experienced and well known banker, Gerald Church, who has been in market for nearly 25 years."

Braswell additionally states, "Church is the perfect fit for us. He is very experienced in both the technical and art of the deal side of banking. And, he fully appreciates the personal relationship aspect, which is the hallmark of Carolina Bank."

About the Company:

Carolina Bank, the banking subsidiary of Carolina Bank Holdings, Inc. began banking operations on November 25, 1996. The parent company is a North Carolina corporation organized in 2000. The bank is engaged in lending and deposit gathering activities in the Piedmont Triad of North Carolina, with operations in three counties: Guilford, Alamance and Randolph. The bank has six full-service banking locations, three in Greensboro, one in Asheboro, one in High Point, and one in Burlington, North Carolina. The bank is building a new corporate headquarters in downtown Greensboro, with expected occupancy in late 2008. The Company's stock is listed on the NASDAQ Capital Market under the symbol CLBH. Further information is available on the Company's web site: www.carolinabank.com.

Carolina Bank Holdings, Inc. 
Robert T. Braswell, President and CEO 
336-286-8761
b.braswell@carolinabank.com