Website: N/A
Stock Symbol: NASDAQ: BCAR
Market Value: N/A (in millions)
We are a North Carolina-chartered bank holding company that was incorporated on
May 30, 2006, for the sole purpose of serving as the parent bank holding company
for the Bank. The Bank is an insured, North Carolina-chartered bank that began
operations on December 7, 1998, under the name “Bank of Davie.” On August 18,
2006, we completed a corporate reorganization and share exchange in which the
Bank became our wholly-owned bank subsidiary.
The Bank’s directors and executive officers also serve as our directors and
officers and, when the reorganization was completed, the Bank’s shareholders
became our shareholders owning the same percentages of our common stock as they
previously owned of the Bank’s stock. Our consolidated capitalization, assets,
liabilities, income and expenses immediately are substantially the same as those
of the Bank.