New Century Bancorp Declares 3-for-2 Stock Split
15 Julho 2005 - 3:23PM
PR Newswire (US)
New Century Bancorp Declares 3-for-2 Stock Split Split is the
fourth since New Century opened in May, 2000 DUNN, N.C., July 15
/PRNewswire-FirstCall/ -- At their regularly scheduled meeting on
Wednesday, July 13, 2005, the Board of Directors of New Century
Bancorp (OTC:NCBC) (BULLETIN BOARD: NCBC) unanimously approved a
three-for-two (3- for-2) stock split to be effected in the form of
a 50% stock dividend, announced John Q. Shaw, president and CEO.
The shares will be distributed August 10, 2005 to shareholders of
record as of July 27, 2005. "This stock split is a vote of
confidence from the Board in our ability to continue to provide a
good return to our shareholders," said Shaw. "Thanks to the support
of our customers, shareholders and the communities we serve, our
Company has continued to experience good financial results. It
gives our Board great pleasure to again share our success in this
way. Many of our shareholders have been with us since the beginning
and it is particularly gratifying to reward them. We passed the
fifth anniversary of our opening on May 24th, and continue to be
amazed and grateful for the great response we have had in the
markets we serve." As a result of the split, shareholders will
receive 1 (one) additional share of New Century Bancorp stock for
every 2 (two) shares they currently hold. New Century Bancorp stock
transactions are handled by Howe Barnes Investments, Inc at
800-800-4693, Morgan Keegan at 866-353-7522, and Ryan Beck &
Company at 800-342-2325. As of March 31, 2005, New Century Bancorp
had total assets of $357.6 million. New Century Bancorp is the
holding company for New Century Bank of Fayetteville, which has one
office in Fayetteville, NC; and New Century Bank, a community bank
that opened in 2000 in Dunn, NC, and now has offices in Clinton,
Dunn and Goldsboro. The information as of and for the quarter and
year ended March 31, 2005 as presented is unaudited. This news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including,
without limitation, (i) statements regarding certain of our goals
and expectations with respect to earnings, earnings per share,
revenue, expenses and the growth rate in such items, as well as
other measures of economic performance, including statements
relating to estimates of credit quality trends, and (ii) statements
preceded by, followed by or that include the words "may," "could,"
"should," "would," "believe," "anticipate," "estimate," "expect,"
"intend," "plan," "projects," "outlook" or similar expressions. The
actual results might differ materially from those projected in the
forward-looking statements for various reasons, including, but not
limited to, our ability to manage growth, our limited operating
history, substantial changes in financial markets, regulatory
changes, changes in interest rates, loss of deposits and loan
demand to other savings and financial institutions, and changes in
real estate values and the real estate market. Additional
information concerning factors that could cause actual results to
materially differ from those in the forward-looking statements is
contained in the Company's SEC filings, including its periodic
reports under the Securities Exchange Act of 1934, as amended,
copies of which are available upon request from the Company.
DATASOURCE: New Century Bancorp CONTACT: John Q. Shaw, President
and CEO of New Century Bancorp, +1-910-892-7080, or Web site:
http://www.newcenturybanknc.com/
Copyright