Select Bancorp, Inc.
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- Select Bancorp, Inc. Select Bancorp, Inc. (SLCT) serves as the bank holding company for Select Bank & Trust Company, which provides a comprehensive range of commercial and retail banking products and services; these include checking and savings accounts, negotiable order of withdrawal (NOW) accounts, money market deposits, time deposits, non-interest-bearing deposits, commercial loans, consumer loans, mortgage loans, personal loans, and construction loans for acquisition, development, and construction (ADC) of residential and commercial properties. The Bank primarily operates in central and eastern North Carolina, targeting consumer/retail customers and small-to-medium-sized businesses through its branch network and internet channels, with headquarters in Dunn, North Carolina, and founded in 2000. In a major strategic development, First Bancorp First Bancorp, Inc. completed its acquisition of Select Bancorp, Inc. on October 15, 2021, in an all-stock transaction valued at approximately $314.3 million, after which Select Bank branches continued operating under the Select Bank name pending systems integration.
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