Select Bancorp and Premara Financial Merger Receives Regulatory and Shareholder Approvals
Select Bancorp, Inc. (SLCT)
Last select bancorp, inc. earnings: 1/24 04:35 pm
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Source: GlobeNewswire
DUNN, N.C. and CHARLOTTE, N.C., Dec. 12, 2017 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (“Select”) (NASDAQ:SLCT), the holding company of Select Bank & Trust Company, and Premara Financial, Inc. (“Premara”) (OTC:PARA), the holding company of Carolina Premier Bank, announced today the receipt of final shareholder and regulatory approvals for the merger of the two banks through acquisition by Select. The transaction was previously unanimously approved by the Boards of Directors of each company, and the shareholders of each holding company approved the merger at respective special meetings of shareholders held on December 12, 2017. The merger is expected to close on December 15, 2017. Carolina Premier Bank, a North Carolina chartered community bank, operates four banking offices, one in Charlotte and three in the South Carolina communities of Rock Hill, Blacksburg and Six Mile. The merger will expand Select’s presence into these markets and will allow Select to offer its product lin
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