CHARLOTTE, N.C., Oct. 23 /PRNewswire-FirstCall/ -- First Trust Bank (OTC Bulletin Board: NCFT) announced today that its Board of Directors declared a 20% stock dividend on October 22, 2007. This is the seventh consecutive stock dividend. Shareholders of record at the close of business on November 9, 2007 are entitled to one additional share for each five shares of First Trust Bank stock held. Additional shares will be distributed on November 28, 2007, with cash paid in lieu of fractional shares. The OTCBB has not yet established the ex-dividend date ("Ex-Date") for the stock dividend. Please consult your financial advisor to verify the ex- dividend date or go to www.otcbb.com. Registrar and Transfer Company (www.rtco.com) acts as registrar and transfer agent for the Bank's stock. First Trust Bank specializes in serving the banking needs of small businesses and professionals in the Charlotte, Mooresville, Davidson, Cornelius, Huntersville, Concord and Monroe markets. The Bank operates three banking offices which are located at 1420 East Third Street and 2245 Rexford Road, Charlotte, NC and 108 Gateway Boulevard, Mooresville, NC; and two loan production offices at 916 Copperfield Boulevard in Concord, NC and 2610 W. Roosevelt Boulevard, Monroe, NC. For additional information, please contact Jean Galloway or Jim Bolt at 704-377-3936 (fax 704-377-8869) or by e-mail at http://www.firsttrustnc.com.
SOURCE First Trust Bank