New Century Bancorp Elects Four New Members to Board of Directors
20 May 2009 - 4:19AM
PR Newswire (US)
- Tracy Johnson, Sharon Lamb Raynor, Dr. Sidney Thompson, and Ann
Thornton have been named to the Board of Directors of New Century
Bancorp. DUNN, N.C., May 19 /PRNewswire-FirstCall/ -- At its annual
shareholders meeting held today, New Century Bancorp (Nasdaq: NCBC
- "the Company") named four new members to the corporate board of
directors, announced William L. Hedgepeth II, president and CEO of
both New Century Bancorp and New Century Bank. The newly elected
board members are: Tracy Johnson, Sharon Lamb Raynor, Dr. Sidney
Thompson, and Ann Thorton. This brings the total number of
corporate board members to 19. "I am honored to welcome these
individuals to our corporate board," said Hedgepeth. "They bring a
great deal of leadership experience, as well as knowledge of our
Company, having served on the New Century Bank or New Century Bank
South boards in the past. I look forward to their input and
participation." Tracy Johnson, elected to serve a two-year term, is
president and co-owner of Ace Services, Inc.; vice president and
co-owner of Contech, Inc.; president and co-owner of Universal
Management Group; and a co-owner of J&J Property Developers,
LLC. A native and current resident of Dunn, he is a graduate of
North Carolina State University in Raleigh, NC. Sharon Lamb Raynor,
elected to serve a three-year term, is president of LIFE, Inc., a
behavioral health care center in Goldsboro, North Carolina. A
graduate of East Carolina University and a resident of Dunn, Raynor
is active in the community, serving on the Dunn Schools Advisory
Board and with the American Association on Intellectual and
Developmental Disabilities. She serves on the Betsy Johnson
Regional Hospital Foundation, Friends of the Foundation Fighting
Cancer Fundraising Planning Committee, and is a member of Divine
Street United Methodist Church and the Lucknow Garden Club. Dr.
Sidney Thompson, elected to serve a two-year term, is the owner of
Ravenhill Dermatology Medical Clinic, Ravenhill Medical DaySpa,
Blue Moon Cafe, and Fabulous Finds Boutique--all in Fayetteville,
North Carolina, as well as Ft. Bragg Medical Spa in Fort Bragg,
North Carolina. He is a graduate of Northwestern University Medical
School in Chicago, Illinois, and is a member of the American
Academy of Dermatology. Ann H. Thornton, elected to serve a
one-year term, is co-owner of North Elm Shopping Center, Hedgpeth
Storage, and Celan Farms in Lumberton, North Carolina. She is the
owner of Brightleaf of Sampson, as well as owner of A.G. Thornton
Investments and Thornton Ventures in Clinton, North Carolina. She
is a graduate of Wake Forest University and active on the Sampson
Regional Hospital Foundation Board, the Clinton Committee of 100,
the Clinton Development Corporation, and is a Methodist University
Trustee. New Century Bancorp, the holding company for New Century
Bank, reported total assets of $628.7 million as of March 31, 2009.
New Century Bank is headquartered in Dunn and has 10 branch offices
in North Carolina: Dunn, Clinton (2), Fayetteville (2), Goldsboro,
Lillington, Lumberton, Pembroke, and Raeford. Stock Symbol: Nasdaq:
NCBC The information as of and for the quarter and nine months
ended March 31, 2009, 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.
http://www.newcenturybanknc.com/ DATASOURCE: New Century Bancorp
CONTACT: William L. Hedgepeth II, President and Chief Executive
Officer, +1-910-892-7080, , or Lisa F. Campbell, Executive Vice
President, Chief Operating Officer and Chief Financial Officer,
+1-910-892-7080, Web Site: http://www.newcenturybanknc.com/
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