Select Bancorp, INC.: management transactions · United States · SEC (Form 4)

About Select Bancorp, INC.

Select Bancorp, Inc. was a U.S. bank holding company whose common stock traded on the American NASDAQ market under the ticker SLCT before it was acquired by First Bancorp in October 2021. For French-speaking investors, the company is best understood as a classic U.S. community and regional banking franchise rather than a national banking platform. Select Bancorp was the parent of Select Bank & Trust Company, serving individuals, small and mid-sized businesses, and local commercial clients through a relationship-based model. Its headquarters were in Dunn, North Carolina, United States. The company’s history reflects the long-running consolidation of the U.S. community banking sector. Prior to being taken out, Select had built its footprint through a network of branch locations concentrated in North Carolina, with additional offices in South Carolina and Virginia. The group previously operated under the name New Century Bancorp, changing its name to Select Bancorp in 2014, a move that helped sharpen its commercial identity. Strategically, the bank competed on local knowledge, personalized service, and proximity to customers, which are the core strengths of smaller regional lenders versus larger national banks. In terms of business lines, Select Bancorp’s offering was centered on traditional banking services: deposit accounts, savings products, residential mortgage lending, commercial lending, and financing solutions for local businesses and entrepreneurs. This is a straightforward, deposit-funded banking model, with earnings typically driven by net interest margin, credit performance, loan growth, and the ability to manage funding costs. Like many regional banks, the company’s risk profile was tied to its geographic concentration and to the local economic cycle in its operating markets. A major recent development was the announced acquisition by First Bancorp in June 2021, which closed in October 2021 and ended Select Bancorp’s standalone public-company life. At the time of the transaction, Select was reported to operate 22 branches across North Carolina, South Carolina, and Virginia. From an equity research perspective, this means SLCT is no longer an independent listed story; instead, it should be viewed as a former regional bank that became part of a larger U.S. banking group during an industry consolidation wave. For SEO and market context, the key reference points are clear: United States, NASDAQ, community banking, Southeastern U.S. branch network, and acquisition-driven exit from the public market. That combination makes Select Bancorp more relevant as a historical banking case study than as a live listed equity today.