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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