SELECT BANCORP, INC. (NASDAQ:SLCT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 6, 2017, Select Bancorp, Inc. (the “Registrant”) and its wholly-owned subsidiary, Select Bank & Trust Company (“Select Bank”) promoted Lynn H. Johnson to Chief Operating Officer of the Registrant and Select Bank. Since 2014, Ms. Johnson has served as Chief Administrative Officer of the Registrant and Select Bank.
A copy of the press release announcing Ms. Johnson’s promotion is included as Exhibit 99.1 to this current report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Description of Exhibit
|99.1||Press release dated July 7, 2017, regarding the promotion of Lynn H. Johnson to Chief Operating Officer.|
SELECT BANCORP, INC. ExhibitEX-99.1 2 v470520_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 July 7,…To view the full exhibit click
About SELECT BANCORP, INC. (NASDAQ:SLCT)
Select Bancorp, Inc. is the bank holding company for Select Bank & Trust Company (the Bank). The Bank is a commercial bank. The Bank provides commercial and retail financial services to customers located in its market areas. The Bank offers a range of banking services, including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services. The Bank’s lending activities are oriented to the consumer/retail customer, as well as to the small-to-medium sized businesses located in central and eastern North Carolina. The Bank offers commercial, consumer and mortgage lending products. It originates construction loans for the purpose of acquisition, development and construction of both residential and commercial properties (ADC loans). The Bank’s deposits include savings, negotiable order of withdrawal (NOW) account and money market deposits, time deposits and non-interest-bearing deposits.