GUARANTEE AGREEMENT by and between NEW CENTURY BANCORP, INC. and WILMINGTON TRUST COMPANY Dated as of September 20, 2004Guarantee Agreement • September 24th, 2004 • New Century Bancorp Inc • State commercial banks • New York
This GUARANTEE AGREEMENT (this “Guarantee”), dated as of September 20, 2004, is executed and delivered by New Century Bancorp, Inc., a North Carolina corporation (the “Guarantor”), and Wilmington Trust Company, a Delaware banking corporation, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of New Century Statutory Trust I, a Delaware statutory trust (the “Issuer”).
4,583,334 Shares SELECT BANCORP, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • August 30th, 2018 • Select Bancorp, Inc. • State commercial banks • New York
SMALL BUSINESS LENDING FUND – SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 29th, 2014 • Select Bancorp, Inc. • State commercial banks • New York
THIS SECURITIES PURCHASE AGREEMENT (the “Agreement”) is made as of the Effective Date set forth above (the “Signing Date”) between the Secretary of the Treasury (“Treasury”) and the Company named above (the “Company”), an entity existing under the laws of the Jurisdiction of Organization stated above in the Organizational Form stated above. The Company has elected to participate in Treasury’s Small Business Lending Fund program (“SBLF”). This Agreement contains the terms and conditions on which the Company intends to issue preferred stock to Treasury, which Treasury will purchase using SBLF funds.
FORM OF DEPOSIT AGREEMENTDeposit Agreement • June 22nd, 2018 • Select Bancorp, Inc. • State commercial banks
This DEPOSIT AGREEMENT (“Deposit Agreement”) is made and entered into as of [ ], 20[ ], by and among Select Bancorp, Inc., a North Carolina corporation, [ ], and all holders from time to time of Receipts (as hereinafter defined) issued hereunder.
COUNTY OF HARNETTEmployment Agreement • March 28th, 2013 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT entered into as of April 3, 2012, by and between NEW CENTURY BANK (hereinafter referred to as the “Bank”), NEW CENTURY BANCORP, INC. (hereinafter referred to as the “Company”) and RICHARD DAVID TOBIN (hereinafter referred to as “Employee”) is effective as of the date first written above.
COUNTY OF HARNETTEmployment Agreement • January 12th, 2017 • Select Bancorp, Inc. • State commercial banks • North Carolina
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into by and among SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (the “Bank”), SELECT BANCORP, INC., a North Carolina business corporation (the “Company”) and W. KEITH BETTS (the “Employee”) effective as of January 11, 2017 (the “Effective Date”).
NEW CENTURY BANCORP, INC. 1,000,000 Shares of Common Stock* UNDERWRITING AGREEMENTNew Century Bancorp Inc • July 5th, 2006 • State commercial banks • Illinois
New Century Bancorp, Inc., a North Carolina corporation (the “Company”), has authorized capital stock consisting of 10,000,000 shares of common stock, $1.00 par value (“Common Stock”), of which 4,241,040 shares were outstanding as of December 31, 2005. The Company proposes, subject to the terms and conditions stated herein, to issue and sell 1,000,000 shares of its authorized but unissued Common Stock (the “Firm Shares”) to the several underwriters named in Schedule I hereto as it may be amended by the Pricing Agreement hereinafter defined (the “Underwriters”), who are acting severally and not jointly and for whom Howe Barnes Investments, Inc. is acting as representative (the “Representative”). In addition, the Company proposes to grant to the Underwriters an option to purchase up to 150,000 additional shares of Common Stock (“the Optional Shares”) (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof are herein collectively calle
PURCHASE AND ASSUMPTION AGREEMENT by and between LUMBEE GUARANTY BANK, as Buyer and NEW CENTURY BANK, as Seller Dated as of December 20, 2011Purchase and Assumption Agreement • December 23rd, 2011 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 20th day of December, 2011, by and between LUMBEE GUARANTY BANK, a North Carolina banking corporation with its main office in Pembroke, North Carolina (“Buyer”), and NEW CENTURY BANK, a North Carolina banking corporation with its main office in Dunn, North Carolina (“Seller”).
COUNTY OF HARNETTEmployment Agreement • January 28th, 2019 • Select Bancorp, Inc. • State commercial banks • North Carolina
This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into by and among SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (the “Bank”), SELECT BANCORP, INC., a North Carolina business corporation (the “Company”) and W. KEITH BETTS (the “Employee”) effective as of January 22, 2019 (the “Effective Date”).
EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENTExecutive Supplemental Retirement Plan Agreement • March 30th, 2004 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT is made and entered into as of this 11 day of March, 2004 by and between the New Century Bank, a bank organized and existing under the laws of the State of North Carolina (the “Bank”), and John Q. Shaw, Jr., President and Chief Executive Officer of the Bank (the “Executive”).
UNITED STATES DEPARTMENT OF THE TREASURY Washington, D.C. 20220 July 25, 2014Select Bancorp, Inc. • July 29th, 2014 • State commercial banks • New York
Reference is made to that certain Small Business Lending Fund – Securities Purchase Agreement, dated as of August 9, 2011 (the “Acquired Company Securities Purchase Agreement”), by and between the Secretary of the Treasury (the “Treasury”) and Select Bancorp, Inc., a North Carolina corporation headquartered in Greenville, North Carolina (the “Acquired Company”). Further detail regarding the Acquired Company Securities Purchase Agreement is set forth on Schedule A hereto. Treasury and Select Bancorp, Inc., a North Carolina corporation headquartered in Dunn, North Carolina and formerly known as New Century Bancorp, Inc. (the “Acquiror Company”), desire to set forth herein certain additional agreements as a result of the consummation of a merger transaction pursuant to an Agreement and Plan of Merger and Reorganization dated as of September 30, 2013, by and between Acquiror Company and Acquired Company (the “Merger Transaction”), which Merger Transaction was effective as of the date hereo
STATE OF NORTH CAROLINA COUNTY OF HARNETTEmployment Agreement • March 30th, 2004 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT entered into as of May 24, 2000 by and between NEW CENTURY BANK (hereinafter referred to as the “Bank”) and JOHN Q. SHAW, JR. (hereinafter referred to as “Shaw”).
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between SELECT BANCORP, INC. And FIRST BANCORP June 1, 2021Agreement and Plan of Merger and Reorganization • June 1st, 2021 • Select Bancorp, Inc. • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of June 1, 2021, is by and between First Bancorp, a North Carolina corporation (“Buyer”), and Select Bancorp, Inc., a North Carolina corporation (“SB”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION BY AND AMONG SELECT BANCORP, INC., SELECT BANK & TRUST COMPANY, PREMARA FINANCIAL, INC. AND CAROLINA PREMIER BANK DATED AS OF JULY 20, 2017Option Cancellation Agreement • July 26th, 2017 • Select Bancorp, Inc. • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) is entered into as of the 20th day of July 2017 by and between SELECT BANCORP, INC., a North Carolina corporation (“SLCT”), and its wholly owned subsidiary, SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (“Select Bank”), on the one hand, and PREMARA FINANCIAL, INC., a North Carolina corporation (“PARA”), and its wholly owned subsidiary CAROLINA PREMIER BANK, a North Carolina banking corporation (“Target Bank”), on the other hand (collectively, SLCT, Select Bank, PARA and Target Bank may be referred to herein as the “Parties” and, each individually, as a “Party”).
AGREEMENT AND PLAN OF MERGER by and between PROGRESSIVE STATE BANK and NEW CENTURY BANK SOUTH and NEW CENTURY BANCORP, INC.Agreement and Plan of Merger • March 22nd, 2006 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is entered into as of the 2nd day of February, 2006 by and between PROGRESSIVE STATE BANK, a North Carolina banking corporation (“PSB”), NEW CENTURY BANK SOUTH, a North Carolina banking corporation (the “Bank”) and NEW CENTURY BANCORP, INC., a North Carolina corporation and registered bank holding company (“Bancorp”);
STATE OF NORTH CAROLINA COUNTY OF HARNETTEmployment Agreement • March 31st, 2008 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT entered into as of January 14, 2008 by and between NEW CENTURY BANK (hereinafter referred to as the “Bank”), NEW CENTURY BANCORP, INC. (hereinafter referred to as the “Company”) and J. DANIEL FISHER (hereinafter referred to as “Employee”).
AMENDMENT TO THE NEW CENTURY BANK DIRECTORS’ DEFERRAL PLAN DATED JUNE 30, 2003Directors’ Deferral Plan • July 30th, 2004 • New Century Bancorp Inc • State commercial banks
This Amendment, made and entered into this 28th day of July, 2004, by and between New Century Bank, a bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as the “Bank,” and certain Participants of the Bank, hereinafter referred to as the “Participant,” shall effectively amend the New Century Bank Directors’ Deferral Plan dated June 30, 2003, as specifically set forth herein. Said Agreement shall be amended as follows:
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION BY AND AMONG NEW CENTURY BANCORP, INC., NEW CENTURY BANK, SELECT BANCORP, INC, AND SELECT BANK & TRUST COMPANY DATED AS OF SEPTEMBER 30, 2013Agreement and Plan of Merger • September 30th, 2013 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) is entered into as of the 30th day of September, 2013, by and between NEW CENTURY BANCORP, INC., a North Carolina corporation (“NCBC”), and its wholly-owned subsidiary, NEW CENTURY BANK, a North Carolina banking corporation (“NCBC Bank”), on the one hand, and SELECT BANCORP, INC., a North Carolina corporation (“Select”), and its wholly-owned subsidiary SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (“Select Bank”) on the other hand (collectively, NCBC, NCBC Bank, Select and Select Bank may be referred to herein as the “Parties” and, each individually, as a “Party”).
FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER AND REORGANIZATIONAgreement and Plan of Merger and Reorganization • May 29th, 2014 • New Century Bancorp Inc • State commercial banks
This First Amendment to agreement and plan of merger and reorganization (“Amendment”), is entered into as of the 29th day of May, 2014, by and among NEW CENTURY BANCORP, INC., a North Carolina corporation (“NCBC”), and its wholly-owned subsidiary, NEW CENTURY BANK, a North Carolina banking corporation (“NCBC Bank”), on the one hand, and SELECT BANCORP, INC., a North Carolina corporation (“Select”), and its wholly-owned subsidiary SELECT BANK & TRUST COMPANY, a North Carolina banking corporation (“Select Bank”) on the other hand. Initial Capitalized terms used, but not defined, herein shall have the meaning assigned to them in the Agreement (defined below).
STATE OF NORTH CAROLINA COUNTY OF HARNETTEmployment Agreement • March 31st, 2008 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS AGREEMENT (the “Agreement”) entered into as of January 9, 2008 by and between NEW CENTURY BANCORP, INC. (hereinafter referred to as the “Company”) and WILLIAM L. HEDGEPETH, II (hereinafter referred to as “Officer”).
AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGEAgreement and Plan of Reorganization and Share Exchange • September 25th, 2003 • New Century Bancorp Inc • North Carolina
THIS AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE (this “Agreement”), made and entered into as of May 23, 2003, by and between New Century Bank, a banking corporation organized under the laws of the State of North Carolina and having its principal place of business in the City of Dunn, Harnett County, North Carolina (the “Bank”), and New Century Bancorp, Inc., a North Carolina business corporation (the “Holding Company”).
ContractSupplemental Executive Retirement Plan Agreement • September 24th, 2019 • Select Bancorp, Inc. • State commercial banks • North Carolina
This 2019 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (this “Agreement”) is entered into as of this 23rd day of September 2019, by and between Select Bank & Trust Company (the “Bank”), a North Carolina banking corporation, and Lynn H. Johnson, EVP and Chief Operating Officer of the Bank (the “Executive”).
PURCHASE AND ASSUMPTION AGREEMENT by and between SELECT BANK & TRUST COMPANY, a North Carolina banking corporation as Buyer and YADKIN BANK, a North Carolina banking corporation as Seller Dated as of June 19, 2015Purchase and Assumption Agreement • June 19th, 2015 • Select Bancorp, Inc. • State commercial banks • North Carolina
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 19th day of June, 2015, by and between SELECT BANK & TRUST COMPANY, a North Carolina banking corporation with its main office in Dunn, North Carolina (“Buyer”), and Yadkin Bank, a North Carolina banking corporation with its main office in Statesville, North Carolina (“Seller”).
NEW CENTURY BANCORP, INC. Shares Common Stock* UNDERWRITING AGREEMENTUnderwriting Agreement • June 15th, 2006 • New Century Bancorp Inc • State commercial banks • Illinois
New Century Bancorp, Inc., a North Carolina corporation (the “Company”), has authorized capital stock consisting of 10,000,000 shares of common stock, $1.00 par value (“Common Stock”), of which 4,241,040 shares were outstanding as of December 31, 2005. The Company proposes, subject to the terms and conditions stated herein, to issue and sell shares of its authorized but unissued Common Stock (the “Firm Shares”) to the several underwriters named in Schedule I hereto as it may be amended by the Pricing Agreement hereinafter defined (the “Underwriters”), who are acting severally and not jointly and for whom Howe Barnes Investments, Inc. is acting as representative (the “Representative”). In addition, the Company proposes to grant to the Underwriters an option to purchase up to additional shares of Common Stock (“the Optional Shares”) (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof are herein collectively called the “Shares”).
COUNTY OF HARNETTEmployment Agreement • February 26th, 2018 • Select Bancorp, Inc. • State commercial banks • North Carolina
This FIRST AMENDMENT to EMPLOYMENT AGREEMENT (“Amendment”) is entered into effective as of the 23rd day of February, 2018, by and among Select Bancorp, Inc., a North Carolina business corporation (the “Company”), Select Bank & Trust Company, a North Carolina banking corporation (the “Bank”) and Lynn H. Johnson (“Employee”).
STATE OF NORTH CAROLINA COUNTY OF CUMBERLANDNew Century Bancorp Inc • October 20th, 2006 • State commercial banks
THIS AMENDMENT is executed as of August 30, 2006 by and between NEW CENTURY BANK SOUTH (formerly New Century Bank Fayetteville and hereinafter referred to as the “Bank”) and William L. Hedgepeth, II (hereinafter referred to as “Employee”).
Branch Purchase and Assumption Agreement by and between ENTEGRA BANK As Seller And Select Bank & Trust Company As Buyer dated as of December 20, 2019Purchase and Assumption Agreement • December 27th, 2019 • Select Bancorp, Inc. • State commercial banks • North Carolina
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) dated as of December 20, 2019, by and between ENTEGRA BANK, a North Carolina chartered bank having its principal place of business in Franklin, North Carolina (“Seller”), and Select Bank & Trust Company, a North Carolina chartered bank having its principal place of business in Dunn, North Carolina (“Buyer”).
Contract2019 Supplemental Executive Retirement Plan Agreement • September 24th, 2019 • Select Bancorp, Inc. • State commercial banks • North Carolina
This 2019 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (this “Agreement”) is entered into as of this 23rd day of September 2019, by and between Select Bank & Trust Company (the “Bank”), a North Carolina banking corporation, and William L. Hedgepeth II, President and Chief Executive Officer of the Bank (the “Executive”).
