New Century Bancorp (NCBN.OB)
Interview with: John Q. Shaw, President and CEO
Business News, Financial News, Stocks, Money & Investment Ideas, CEO Interview
and Information on their community bank headquartered in
Dunn, NC, offering a full line products for personal and business accounts. |
Cover Story
CEOCFO
Interview Index
CEOCFO Current
Issue
Future Features
Analyst Interviews
Corporate
Financials
Archived Interviews
About CEOCFOinterviews.com
Contact
& Ordering |
New Century Bank is a community bank
distinguishing itself with local service and decision-making
Financial
Community Bank
(NCBN.OB)
New Century Bancorp
John Q. Shaw
President and
Chief Executive Officer
Interview conducted by:
Lynn Fosse
Senior Editor
CEOCFOinterviews.com
November 2003
New Century Bank (NCBN.OB) is a community bank
headquartered in Dunn, NC, with offices in Clinton, NC, and Dunn, NC, and a new office in
Fayetteville, NC. New Century currently serves Harnett, Johnston, Sampson and Cumberland
counties. The Bank offers a full line of personal and business accounts for everything
from your most basic needs to the most robust banking solutions. Products offered to
commercial customers include: Small Business Account, Community Checking, Commercial
Checking Account, Commercial Interest Checking, Small Business Savings, Sweep Account and
Business Money Rate Investment. To meet the needs of personal customers, New Century
Bank’s offers, Basic Checking, Senior Citizens Checking, Student Checking Account,
Regular Checking, Century Now Checking, Century Club Account and Century Gold Checking. In
addition, the Bank also offers On-Line Banking services that were designed to make
managing your personal finances easy and convenient from the comforts of home or office
for both personal and business customers. “Our vision was to
provide our community with a bank that would be attuned to the needs of the customer base
in our market.” Offers Mr. John Q. Shaw,
President & CEO of New Century Bank, “That has been so
successful, that we have been able to expand into other markets. We anticipated a
fifty-million dollar community bank into the end of the third year. At the end of the
third year, we were almost a one hundred-and-fifty million dollar bank. We feel that we
have achieved our goal of being a premiere community bank in our market area.”
Commenting on how the Bank differs from its competitors, Mr. Shaw
tells us, “In any of our markets, we really don’t have
another community bank of our size. We can distinguish ourselves with local service and
decision-making. We have not tried to purposefully go into a community that has a
community bank with which to compete. We have one in this market, but it originated in the
old savings and loans and they have a different market attitude than we do.”
Asked how the reach potential customers, Mr. Shaw tells us, “Word-of-mouth has been the best advertising that we have had. We do
spend some money on newspaper ads and a little on radio advertising, but most of our
advertising is word-of-mouth and the community supporting our efforts. We also have a
large stockholder base that has supported their investment in the bank.” “I think we have a good story to tell.” Says Mr. Shaw, sharing his thoughts on what readers should remember
about New Century Bank, “Not many banks that start up make
profits in seven months and continue to be profitable and grow each month and quarter. We
are blessed that we are able to do that. I give credit to the staff, our
stockholders and our customers.”
New Century Bank offers a variety of loans to meet the needs of our business customers,
including equipment and vehicle financing, commercial real estate loans, construction
lending, lines of credit and more. Customers can also take advantage of a true Business
Credit Card that allows multiple cards with different credit limits and one statement,
which is an outstanding financial and cash management tool. In addition, the Bank also
offers personal loans and credit cards (Visa and Master Card) to meet the needs of our
personal customers. For customers looking to invest New Century Bank provides Certificates
of Deposit (CDs) and Individual Retirement Accounts. To meet the needs of customers in the
local Latin American community, the Banks provides printed and online information on its
products and services in both English and Spanish.
Instant Access:
To find out more about:
New
Century Bancorp (NCBN.OB)
you may order the complete text of our
interview. To view a copy of this highly informative interview, left click here: ViewNCBN.OB
disclaimer
|
