Select Bancorp Announces Plans to Close Washington, NC Location
19 Julho 2019 - 10:20AM
Select Bancorp, Inc. (the “Company”
NASDAQ: SLCT),
the holding company for Select Bank & Trust Company (the
“Bank”), announced today that the Bank has decided to close its
branch located at 155 N. Market Street in Washington, N.C.
“Decisions like these are never easy or taken lightly,” said
William L. Hedgepeth II, President and Chief Executive Officer of
the Company and the Bank. “We have enjoyed serving the folks in the
Beaufort County market for many years and are grateful for the
opportunity to do so. We hope that we can continue to serve them
through our Greenville office, online and by telephone. Our
commitment to our customers still stands strong.” The branch is
scheduled to close for business at 6:00 PM on October 25, 2019.
Information will be sent directly to the customers affected, and
they are welcome to stop by the branch or call at 252-357-3500 if
there are any questions.
The Bank’s Greenville branch is located at 3600 Charles Blvd.,
Greenville, N.C. and is an alternative option for in-person
services for any customers affected by the closing of the
Washington branch.
“We will continue to work very hard to always provide the best
service to our customers in the most efficient and cost-effective
manner possible,” Hedgepeth said. “That’s what ‘common sense
banking’ is all about.”
About Select Bancorp, Inc.
Select Bancorp, Inc. is a bank holding company headquartered in
Dunn, North Carolina. The Company primarily conducts operations
through its wholly owned subsidiary, Select Bank & Trust
Company, a North Carolina-chartered commercial bank that provides a
full suite of banking services through its offices in North
Carolina and South Carolina. The Company’s common stock is listed
on the Nasdaq Global Market under the symbol “SLCT”. Select Bank
& Trust currently has 20 full-service offices, which are
located in the following communities: Burlington, Charlotte,
Clinton, Dunn, Elizabeth City, Fayetteville, Goldsboro, Greenville,
Holly Springs, Leland, Lillington, Lumberton, Morehead City,
Raleigh, Washington, and Wilmington N.C.; Blacksburg, Rock Hill,
and Six Mile, S.C.; and Virginia Beach, V.A. Select Bank
& Trust serves these and nearby communities focusing on local
businesses and consumers as a dedicated community bank. The mission
of Select Bank & Trust is to be the bank of choice in the
communities it serves, by providing exceptional customer service,
superior products and experienced bankers using a “common sense”
approach to banking. When customers choose to bank with Select Bank
& Trust, they receive quality financial products at a fair and
competitive price, along with unparalleled friendly,
courteous, and responsive service.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information
about Select Bancorp, Inc. and its bank subsidiary that is intended
to be covered by the safe harbor for “forward-looking statements”
provided by the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact are
forward-looking statements. In some cases, you can identify
forward-looking statements by words such as “may,” “hope,” “will,”
“should,” “expect,” “plan,” “anticipate,” “intend,” “believe,”
“estimate,” “predict,” “potential,” “continue,” “could,” “future”
or the negative of those terms or other words of similar meaning.
These forward-looking statements include, without limitation,
statements relating to the proposed closing of the Bank’s
Washington, N.C. branch and the timing of such closing. You should
carefully read forward-looking statements, including statements
that contain these words, because they discuss the future
expectations or state other “forward-looking” information about
Select Bancorp, Inc. and its subsidiary bank. A number of important
factors could cause actual results or events to differ materially
from those indicated by such forward-looking statements, many of
which are beyond the Company’s control, including: the effect of
the announcement on employee and customer relationships at the
Washington branch; the possibility that the closing of the branch
may result in loss of customer relationships; and general
competitive, economic, political and market conditions and
fluctuations. Additional information concerning factors that could
cause actual results to materially differ from those in the
forward-looking statements is contained in Select Bancorp, Inc.’s
SEC filings, including its periodic reports under the Securities
Exchange Act of 1934, as amended, copies of which are available
upon request. Select Bancorp, Inc. assumes no obligation to update
the information in this communication, except as otherwise required
by law. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date
hereof.
William L. Hedgepeth IIPresident & CEOOffice: 910-892-7080
Direct for inquiries:
704-644-4137BillH@SelectBank.comSelectBank.com
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