Mergers & Acquisitions

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Deal Overview

Buyer:
Lumbee Guaranty Bank
Actual Acquirer:
Lumbee Guaranty Bank
Target:
2 Branches
Deal Type:
Bank & Thrift Branch
Seller:
New Century Bancorp, Inc.
Agreement Date:
12/20/2011
Announcement Date:
12/21/2011
Number of Target Branches
2
Branch Locations
Pembroke
NC
Raeford
NC
Franchise Premium ($ 000)
687
Tangible Book Premium/ Deposits (%)
3.33
Status:
Completed
Completion Date:
4/6/2012

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 20,619
Total Assets ($ 000) 19,932
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Janney Montgomery Scott LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Ward and Smith PA
Seller Yes Gaeta & Eveson PA