TITLE

New Century of N.C. Buying Progressive

AUTHOR(S)
Mullins, Luke
PUB. DATE
February 2006
SOURCE
American Banker;2/6/2006, Vol. 171 Issue 24, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information about New Century Bancorp Inc.'s announcement that it is buying Progressive State Bank. New Century said it would pay $21.30 in cash for each share of the privately held Progressive, which has assets of $60 million. New Century said Progressive would be merged into New Century Bank South. New Century and Progressive each have five branches in North Carolina.
ACCESSION #
19701255

 

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