NC Bank Mortgage Formed as Division of New Century Bank
01 Março 2006 - 1:09PM
PR Newswire (US)
DUNN, N.C., March 1 /PRNewswire/ -- New Century Bank has created a
separate mortgage division under a new name -- NC Bank Mortgage,
announced John Q. Shaw, president and CEO of New Century Bank. "We
recently were made aware that there is a mortgage company with a
name similar to ours," said Shaw. "In order to avoid any confusion,
and because the mortgage area of our bank is important to us and to
our customers, we created a division of the bank to handle our
mortgage lending function and gave it its own name. "Sandra Heath,
who serves as mortgage services manager and has been with us for 5
years, heads up NC Bank Mortgage. She and her staff, who serve our
offices in Dunn, Clinton, and Goldsboro, as well as customers of
New Century Bank South in Fayetteville, know these communities and
provide excellent service to their customers." According to Heath,
"The name has changed, but that's the only thing of importance that
has changed -- our products and services, commitment to our
clients, and our dedication to offering neighbor helping neighbor
service remain the same. I am excited that now we will be able to
market mortgages more openly through the new name." New Century
Bancorp is the holding company for New Century Bank and New Century
Bank South. As of December 31, 2005, New Century Bancorp reported
total assets of $436.4 million. http://www.newcenturybanknc.com/
The information as of and for the quarter year ended December 31,
2005 for both New Century Bancorp and Progressive State Bank 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 Bank
CONTACT: Sandra T. Heath, Mortgage Services Manager, , or John Q.
Shaw, President and CEO, , both of New Century Bank,
+1-910-782-8090 Web site: http://www.newcenturybanknc.com/
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