Select Bancorp, Inc. is a bank holding company that operates through its subsidiary Select Bank & Trust Company. The company provides a range of banking services to individuals, small businesses, and professionals in North Carolina and Virginia.
Select Bank & Trust Company offers a variety of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The bank also provides a range of lending services, such as commercial loans, residential mortgages, and consumer loans. In addition, Select Bank & Trust Company offers cash management services, online banking, and other financial services.
Select Bancorp, Inc. was founded in 2000 and is headquartered in Dunn, North Carolina. As of December 31, 2020, the company had total assets of $1.61 billion, total deposits of $1.40 billion, and total loans of $1.17 billion.
In recent years, Select Bancorp, Inc. has grown through a series of mergers and acquisitions. In 2018, the company completed its acquisition of Premara Financial, Inc., which expanded its presence in the Wilmington, North Carolina area. In 2020, Select Bancorp, Inc. acquired the Virginia Beach-based bank, First Community Bank.
The company's stock is traded on the NASDAQ stock exchange under the ticker symbol "SLCT". As of February 23, 2023, Select Bancorp, Inc. had a market capitalization of approximately $150 million.
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