New Century Bancorp Taps J. Daniel Fisher As Executive Vice President and Chief Credit Officer
06 March 2008 - 1:18AM
PR Newswire (US)
DUNN, N.C., March 5 /PRNewswire-FirstCall/ -- New Century Bancorp,
Inc. (Nasdaq: NCBC - the "Company"), the holding company for New
Century Bank and New Century Bank South, has named J. Daniel
"Danny" Fisher as executive vice president and chief credit
officer, announced William L. Hedgepeth II, president and CEO of
New Century Bancorp and both banks. Fisher will be responsible for
the entire credit function for both banks, including setting
policy, and developing procedures and approvals. "Danny is a great
addition to our team," Hedgepeth said. "With more than 30 years of
experience, he brings an understanding of this role and what we
need to accomplish through it that will be an asset to our Company.
We are looking forward to his leadership, knowledge, and strong
work ethic in this important area." Prior to joining New Century,
Fisher served as senior executive vice president and chief credit
officer for Gateway Bank & Trust in Elizabeth City, NC for
three years, and as a special loans group manager for RBC Centura.
Earlier, he served as manager of loan operations and consumer
compliance at the Bank of North Carolina. Fisher and his wife,
Edna, are members of Faith Harbor United Methodist Church in Surf
City, NC. He has been a member of the Sneads Ferry Rotary Club and
the Rotary Club of Sanford. A native of Jacksonville, NC, he is a
graduate of the University of North Carolina at Chapel Hill with a
bachelor of science degree in business administration. He and his
wife will live in Dunn. New Century Bancorp reported total assets
of $591.0 million as of December 31, 2007. New Century Bank is
headquartered in Dunn and has offices in Dunn, Clinton, Goldsboro,
and Lillington; and New Century Bank South is headquartered in
Fayetteville with offices in Fayetteville, Lumberton, Pembroke, and
Raeford. New Century Bank South will legally merge with New Century
Bank during first quarter 2008. Stock Symbol: NASDAQ: NCBC
http://www.newcenturybanknc.com/ The information as of and for the
quarter ended December 31, 2007, 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, Inc. CONTACT: Dana Cochran,
Marketing Coordinator of New Century Bancorp, Inc.,
+1-910-892-7080, Web site: http://www.newcenturybanknc.com/
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