New Century Bancorp, Inc. is a bank holding company that operates through its wholly owned subsidiary depository institution, New Century Bank (the Bank). The Bank is a commercial bank. The Bank operates for the primary purpose of serving the banking needs of individuals and small to medium-sized businesses in its market area. The Bank offers a range of banking services including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services. The Company’s market area consists of southeastern North Carolina. The Company’s lending activities are oriented to the consumer/retail customer as well as to the small-to-medium sized businesses located in southeastern North Carolina.