On July 17, 2014, Lisa F. Campbell announced New Century Bancorp Inc. (the Company) of her decision to resign from her positions as Executive Vice President, Chief Financial Officer, and Chief Operating Officer of the company and its wholly owned subsidiary, New Century Bank (the Bank). Ms. Campbell's resignation will be effective on August 15, 2014. Her resignation is not due to any disagreement relating to the operations, policies or practices of the company or the Bank.

The company plans to appoint Mark A. Holmes to the positions of Executive Vice President and Chief Financial Officer of the company and the Bank following the closing of the merger of the company and Select Bancorp Inc. Mr. Holmes is currently President and Chief Executive Officer of Select and Chief Executive Officer of Select's wholly owned subsidiary, Select Bank & Trust Company.