MidCarolina Bank Board of Directors Approve Six-for-Five Stock Split

Apr 26, 2001, 01:00 ET from MidCarolina Bank

    BURLINGTON, N.C., April 26 /PRNewswire/ --
     MidCarolina Bank (OTC Bulletin Board:   MDCR) announced at its Annual
 Shareholders Meeting today that its Board of Directors approved a six-for-five
 stock split of its common shares to be effected as a 20% stock dividend.  The
 stock dividend will be paid on June 15, 2001, to all shareholders of record on
 June 1, 2001.
     Commenting on the announcement, Randolph J. Cary, Jr., President and CEO
 said, "The management and Board of Directors are very pleased that the
 financial performance of MidCarolina Bank has allowed us to reward our
 shareholders with this stock split.  Our shareholders, in addition to being
 investors, also contribute greatly to the Bank's success by being loyal
 customers and friends."
     As of March 31, 2001, MidCarolina had approximately 1.27 million common
 shares outstanding.  Upon completion of the split, the number will increase to
 approximately 1.52 million common shares.
     With total assets of $127.3 million, MidCarolina provides a complete line
 of banking services to individuals and businesses through three full-service
 banking offices and one limited-service office located in the cities of
 Burlington and Graham, North Carolina.  MidCarolina's stock is quoted in the
 over-the-counter bulletin board market under the symbol "MDCR."  The market
 maker for the stock is Scott & Stringfellow.  MidCarolina Bank is insured by
 the FDIC and is an equal housing lender.
 
     This press release contains forward-looking statements as defined by
 federal securities laws.  These statements may address issues that involve
 significant risks, uncertainties, estimates and assumptions made by
 management.  Actual results could differ materially from current projections.
 Please refer to MidCarolina Bank's filings with the Federal Deposit Insurance
 Corporation for a summary of important factors that could affect MidCarolina
 Bank's forward-looking statements.  MidCarolina Bank undertakes no obligation
 to revise these statements following the date of this press release.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X51096339
 
 

SOURCE MidCarolina Bank
    BURLINGTON, N.C., April 26 /PRNewswire/ --
     MidCarolina Bank (OTC Bulletin Board:   MDCR) announced at its Annual
 Shareholders Meeting today that its Board of Directors approved a six-for-five
 stock split of its common shares to be effected as a 20% stock dividend.  The
 stock dividend will be paid on June 15, 2001, to all shareholders of record on
 June 1, 2001.
     Commenting on the announcement, Randolph J. Cary, Jr., President and CEO
 said, "The management and Board of Directors are very pleased that the
 financial performance of MidCarolina Bank has allowed us to reward our
 shareholders with this stock split.  Our shareholders, in addition to being
 investors, also contribute greatly to the Bank's success by being loyal
 customers and friends."
     As of March 31, 2001, MidCarolina had approximately 1.27 million common
 shares outstanding.  Upon completion of the split, the number will increase to
 approximately 1.52 million common shares.
     With total assets of $127.3 million, MidCarolina provides a complete line
 of banking services to individuals and businesses through three full-service
 banking offices and one limited-service office located in the cities of
 Burlington and Graham, North Carolina.  MidCarolina's stock is quoted in the
 over-the-counter bulletin board market under the symbol "MDCR."  The market
 maker for the stock is Scott & Stringfellow.  MidCarolina Bank is insured by
 the FDIC and is an equal housing lender.
 
     This press release contains forward-looking statements as defined by
 federal securities laws.  These statements may address issues that involve
 significant risks, uncertainties, estimates and assumptions made by
 management.  Actual results could differ materially from current projections.
 Please refer to MidCarolina Bank's filings with the Federal Deposit Insurance
 Corporation for a summary of important factors that could affect MidCarolina
 Bank's forward-looking statements.  MidCarolina Bank undertakes no obligation
 to revise these statements following the date of this press release.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X51096339
 
 SOURCE  MidCarolina Bank