Select Bancorp, Inc. operates as the bank holding company for Select Bank & Trust Company that provides banking services to individuals and small to medium-sized businesses. The company accepts deposit products, such as non-interest-bearing demand deposits, money market deposit accounts, NOW accounts, savings accounts, and time deposits, as well as certificates of deposit. Its loan products include 1-to-4 family residential, commercial real estate, multi-family residential, construction, and commercial and industrial loans; loans to individuals; and home equity lines of credit and overdrafts. Select Bancorp, Inc. operates a network of branch offices in Burlington, Charlotte, Clinton, Cornelius, Dunn, Elizabeth City, Fayetteville, Franklin, Goldsboro, Greenville, Highlands, Holly Springs, Leland, Lillington, Lumberton, Morehead City, Raleigh, Sylva, and Wilmington, North Carolina; Blacksburg and Rock Hill, South Carolina; and Virginia Beach, as well as loan production offices in Durham, Wilson, and Winston-Salem, North Carolina. The company was formerly known as New Century Bancorp, Inc. and changed its name to Select Bancorp, Inc. in July 2014. Select Bancorp, Inc. was founded in 2000 and is headquartered in Dunn, North Carolina.
IPO Year: n/a
Exchange: NASDAQ
Website: selectbank.com
SC 13G/A - SELECT BANCORP, INC. (0001263762) (Subject)
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4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
4 - SELECT BANCORP, INC. (0001263762) (Issuer)
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25-NSE - SELECT BANCORP, INC. (0001263762) (Subject)
8-K - SELECT BANCORP, INC. (0001263762) (Filer)
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8-K - SELECT BANCORP, INC. (0001263762) (Filer)
DEFM14A - SELECT BANCORP, INC. (0001263762) (Filer)
425 - SELECT BANCORP, INC. (0001263762) (Subject)
425 - SELECT BANCORP, INC. (0001263762) (Subject)
425 - SELECT BANCORP, INC. (0001263762) (Subject)
425 - SELECT BANCORP, INC. (0001263762) (Subject)
SOUTHERN PINES, N.C., Oct. 18, 2021 /PRNewswire/ -- First Bancorp (NASDAQ:FBNC) announces today the completion of its acquisition of Select Bancorp, Inc. (NASDAQ:SLCT) ("Select Bancorp"), the parent company of Select Bank & Trust Company ("Select Bank"), on October 15, 2021. The merger solidifies First Bank's position as the leading community bank headquartered in North Carolina, with total assets of over $10 billion and over 120 branches. Richard Moore, CEO of First Bancorp, stated, "We are very pleased with today's announcement that our merger with Select Bancorp is now official. We welcome our new customers, associates, and shareholders to First Bank. Select Bank customers can expect
DUNN, N.C., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ:SLCT) (the "Company"), the holding company for Select Bank & Trust Company, today reported net income for the quarter ended June 30, 2021 of $5.6 million with basic and diluted earnings per share of $0.33 and $0.32, respectively, compared to net income of $681,000 with basic and diluted earnings per share of $0.04 for the comparative quarter ended June 30, 2020. The increase in net income in the second quarter of 2021 compared to 2020 was primarily attributable to loan growth and an increase in earnings from the three additional western North Carolina branches that were acquired in April of 2020, plus an increase in
SOUTHERN PINES, N.C. and DUNN, N.C., June 1, 2021 /PRNewswire/ -- First Bancorp (NASDAQ:FBNC), the parent company of First Bank, and Select Bancorp, Inc. ("Select") (NASDAQ:SLCT), the parent company of Select Bank and Trust Company ("Select Bank"), announced today the signing of a definitive merger agreement under which First Bancorp will acquire Select in an all-stock transaction with a total current value of approximately $314.3 million, or $18.10 per share, based on First Bancorp's stock price as of May 28, 2021. The merger agreement has been unanimously approved by the boards of directors of each company. The transaction is expected to close in the fourth quarter of 2021 and is subject
DUNN, N.C., April 28, 2021 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ:SLCT) (the "Company"), the holding company for Select Bank & Trust Company, today reported net income for the quarter ended March 31, 2021 of $6.3 million with basic and diluted earnings per share of $0.36, compared to net income of $1.1 million with basic and diluted earnings per share of $0.06 for the comparative quarter ended March 31, 2020. The increase in net income in the first quarter of 2021 compared to 2020 was primarily attributable to an increase in earnings from the three additional western North Carolina branches that were acquired in April of 2020, an increase in non-interest income and a reduction in
DUNN, N.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ: SLCT) (the “Company”), the holding company for Select Bank & Trust Company (the “Bank”), today reported net income for the year ended December 31, 2020 of $8.2 million, or $0.46 and $0.45 per basic and diluted share, respectively, as compared to net income for the year ended December 31, 2019 of $13.0 million, or $0.69 and $0.68 per basic and diluted share, respectively. This was a decrease of 37.4% in net income compared to the year ended December 31, 2019. Net income per share declined approximately 33.3% for basic and 33.8% for diluted per share for the year ended December 31, 2019. The decline in net income is