On September 22, 2014, Select Bancorp, Inc. appointed Mark A. Jeffries, age 59, to the position of Executive Vice President and Chief Financial Officer of the company and its Select Bank & Trust Company. Mr. Jeffries will assume the functional roles of principal financial officer and principal accounting officer of the company on October 18, 2014, which, as previously reported, is the last day of employment of Mark A. Holmes, who currently functions in those roles. Prior to joining the Registrant, Mr. Jeffries served from August 2009 until March 2014 as the chief financial officer of Millennium Bank, National Association.