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EX-99.1 - EXHIBIT 99.1 - SELECT BANCORP, INC.v431078_ex99-1.htm
EX-99.2 - EXHIBIT 99.2 - SELECT BANCORP, INC.v431078_ex99-2.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

  FORM 8-K  

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 5, 2016

 

 

 

SELECT BANCORP, INC.

 
 

(Exact Name of Registrant as Specified in Charter)

 

 

 

North Carolina 000-50400 20-0218264

(State or Other Jurisdiction

of Incorporation) 

(Commission
File Number)

(IRS Employer

Identification No.)

 

             700 W. Cumberland Street, Dunn, North Carolina                            28334
                 (Address of Principal Executive Offices)                                       (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (910) 892-7080

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On February 5, 2016, Select Bancorp, Inc. (the “Registrant”) announced financial results for the fourth quarter and year ended December 31, 2015. A copy of the press release (the “Press Release”) announcing the Registrant’s results, including a table of selected financial information, is furnished as Exhibit 99.1 hereto and incorporated by reference herein.

 

This information contained in Item 2.02 of this Current Report shall not be deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 8.01. Other Events.

 

On February 9, 2016, the Registrant issued a press release announcing the anticipated closure of the Select Bank & Trust Company branch located at 3800 East 10th Street, Greenville, North Carolina, effective April 29, 2016. The bank will transfer customer accounts associated with the branch that is being closed to the nearby Select Bank branch located at 3600 Charles Boulevard, also in Greenville, North Carolina.

 

A copy of the press release is attached to this Current Report as Exhibit 99.2 and is incorporated into this Item 8.01 by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit No.   Description
     
99.1   Press release regarding the Registrant’s financial results for the quarter and year ended December 31, 2015.
     
99.2   Press release regarding closure of the Greenville branch located at 3800 East 10th Street.

 

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of Registrant’s goals and expectations with respect to earnings, income 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. These statements are based upon the current belief and expectations of Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’s control).

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  SELECT BANCORP, INC.  
       
       
Date:  February 9, 2016 By:    /s/ William L. Hedgepeth II  
    William L. Hedgepeth II  
    President and Chief Executive Officer  

 

 

 

 

EXHIBIT INDEX

 

 

EXHIBIT NO. DESCRIPTION OF EXHIBIT
   
99.1 Press release regarding the Registrant’s financial results for the quarter and year ended December 31, 2015.
   
99.2 Press release regarding closure of the Greenville branch located at 3800 East 10th Street.