Bank of the Carolinas Corporation Participates in the U.S. Treasury Capital Purchase Program
On a pro-forma basis as of
Under the CPP, the Treasury also received 10-year warrants to purchase 475,204 shares of Bank of the Carolinas Corporation common stock at an exercise price of
The securities sold to the U.S. Department of the Treasury under the CPP have not been registered under the Securities Act of 1933 and may not be offered or sold in
About Bank of the Carolinas Corporation
Bank of the Carolinas Corporation is a
Our corporate headquarters are located in our main banking office at 135 Boxwood Village Drive,
The Bank's Internet site at www.bankofthecarolinas.com is available for online banking and extensive investor information. The Common Stock of Bank of the Carolinas Corporation is traded on the NASDAQ Global Market under the symbol BCAR.
Forward Looking Statements
Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates and the effects of competition. Additional factors that could cause actual results to differ materially are discussed in Bank of the Carolinas Corporation's recent filings with the Securities and Exchange Commission, included but not limited to its Annual Report on Form 10-K and its other periodic reports.
For Further Information Contact: Robert E. Marziano, President and Chief Executive Officer Michelle Clodfelter, Vice President and Principal Financial Officer (336) 751-5755
SOURCE Bank of the Carolinas Corporation
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