Bank Of The Carolinas Corp fka BCAR

[norweger1979]

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 14, 2014, the boards of directors of Bank of the Carolinas Corporation (the “Company”) and its wholly owned subsidiary, Bank of the Carolinas (the “Bank”), elected Megan W. Patton as senior vice president and chief financial officer of the Company and the Bank. Per the bylaws of the Company and the Bank, Ms. Patton will hold these positions until her resignation, retirement, removal, death, or disqualification, or until the election and qualification of her successor. Ms. Patton, age 32, has been employed by the Bank since June 2008 and has served as an internal auditor, controller, and vice president.