Ed Jordan New President and Chief Operating Officer for Bank of the Carolinas MOCKSVILLE, N.C., June 1 /PRNewswire-FirstCall/ -- Bank of the Carolinas (OTC:BCAR) (BULLETIN BOARD: BCAR) , announced today that George Edward (Ed) Jordan has been named President and Chief Operating Officer for Bank of the Carolinas by the Board of Directors at its regular meeting held May 27 in Mocksville, North Carolina. "I am absolutely delighted Ed Jordan has accepted the position of President and Chief Operating Officer with our bank," Robert E. Marziano, Chairman and Chief Executive Officer of Bank of the Carolinas, said in making the announcement. "A seasoned banking executive, his outstanding background and financial industry expertise make him uniquely qualified to assume this pivotal role. He will provide strong leadership in continuing and accelerating the profitable growth of the bank." "I am excited about, and appreciative of the opportunity my new position offers," Jordan commented. "Bank of the Carolinas has an established tradition and commitment to total quality in service to our customers, stockholders, and employees. I look forward to building upon that commitment in expanding the future success of the Bank." Prior to joining Bank of the Carolinas, for 23 years Mr. Jordan served in management and executive positions with another North Carolina-headquartered bank, most recently as Business Banking Director for the Piedmont Triad Region. A graduate of Lexington Senior High School, he holds a Bachelor of Science degree in Business Administration from Washington & Lee University. He serves on the boards of directors of the Davidson County Economic Development Commission, Lexington Memorial Hospital, and Davidson Vision. In addition, he is currently president of Davidson Progress. Ed Jordan and his wife Carol have two sons, Sam and Charlie. The Jordans reside in Lexington, where they attend Grace Episcopal Church. Bank of The Carolinas is the state-chartered, stockholder-owned community bank headquartered in Mocksville, North Carolina, with full-service offices in Advance, Asheboro, Carthage, Cleveland, Harrisburg, Landis, Mocksville, and coming soon to Lexington. Deposits are FDIC Insured, and Bank of the Carolinas is an Equal Housing Lender. The Bank's common stock is traded on the OTC Bulletin Board under the symbol BCAR. Market makers include Scott & Stringfellow, Inc., Monroe Securities, and Baid, Patrick and Company. Additional information about Bank of The Carolinas is available on the Bank's website at http://www.bankofthecarolinas.com/ . 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. Bank of the Carolinas undertakes no obligation to revise these statements following the date of this press release. For further information contact: Robert E. Marziano, Chairman and Chief Executive Officer Bank of the Carolinas (336) 751-5755 DATASOURCE: Bank of the Carolinas CONTACT: Robert E. Marziano, Chairman and Chief Executive Officer of Bank of the Carolinas, +1-336-751-5755

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