Dear Customers, Shareholders, and Friends of Carolina Premier Bank:
We are pleased to inform you that the shareholders of Premara Financial, Inc. and Select Bancorp, Inc. have both voted to approve the merger of Carolina Premier Bank with and into Select Bank & Trust, creating a community bank with 18 locations in North and South Carolina.
Having received final regulatory approval, the merger of the two banks became official on December 15, 2017. The actual conversion of Carolina Premier Bank customer accounts and branch offices is scheduled take place on March 30, 2018. Please watch your mail for a detailed Welcome Guide from Select Bank & Trust with all the information you need to make this transition successful.
This is an excellent opportunity to combine two well-respected local financial institutions that share a deep commitment to our customers and the communities we both serve. Together, we will be better positioned for the future and remain competitive for continued growth and success.
To learn more about the merger, please click on the links below for some helpful resources. Pages 11 and 14 of the Welcome Guide go into detail on what you can expect with Online Banking beginning on March 30.
Please read the Welcome Guide and then call your local branch with any follow-up questions you may have.
On behalf of everyone at Select Bank & Trust, we welcome the staff and customers of Carolina Premier Bank. Together, our products, our services, and our ability to serve customers across the region will be better than ever.