Welcome Beach First National Bank Customers!

Bank of North Carolina opened its doors in December 1991 in Thomasville, North Carolina. We have 17 branches, located in the following areas: Thomasville, Archdale, Lexington, Northern Davidson County, High Point, Winston-Salem, Kernersville, Greensboro, Oak Ridge, Salisbury, Mooresville, Harrisburg, and Concord. We are a Bank committed to excellence. We desire to provide the best banking experience possible to our customers and are committed to providing a challenging and rewarding environment for our employees. We have maintained solid financial strength and will continue to do so moving forward.

At Bank of North Carolina, we've always been passionate about responding to our customers' needs for quality banking products. Providing these tools and solutions is our pleasure, and we're known for delivering customer service with a kind word and friendly smile at each of our branch offices.

As a result of a down-turn in the economic condition, coastal real estate property has caused Beach First National Bank‘s financial situation to deteriorate substantially so it was determined that they were unable to continue operating as an independent business entity. At the close of business on Friday, April 9, 2010 the Office of Comptroller of Currency closed Beach First National Bank and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. Subsequent to the closure, BNC Bank assumed the loans and deposits from the FDIC as Receiver for Beach First National Bank.

Yes! Your deposits with BNC Bank are safe, sound, and readily accessible. All deposit accounts, which include checking, savings, money market, CDs and Retirement accounts have been transferred to BNC Bank, regardless of the amount. Not only are your deposits safe at BNC Bank, they will continue to be insured by the FDIC up to the maximum legal limit. Please visit www.fdic.gov for additional information regarding FDIC insurance.

You do not need to do anything at this time. You can continue banking exactly as you did as a Beach First National Bank customer. You can continue to access your money by writing checks, using ATM and debit cards or the Internet. Checks drawn on the bank will continue to be accepted. Loan customers should also continue to make their payments as usual.

Again, at this time this transition will not affect your account(s) or the way you have always done your banking. Being a part of BNC Bank, you can expect to have even more convenience and the same great level of service as you have come to expect with Beach First National Bank. Over time, we will communicate with you with specific information about any changes or added features to your accounts.

All account numbers will remain the same at this time. We will communicate with you well in advance with specific information about any changes or added features to your accounts.

Your current arrangement for direct deposit, including Social Security checks will continue as normal without interruption.

Yes. Please continue to access your online banking and bill paying service through the Beach First National Bank website. As our banking systems merge, we will provide assistance and advance notice of any changes to access your accounts online.

Yes. Please continue to do your banking at your branch location. You will also have the convenience of 17 additional branches and 14 ATM locations in North Carolina.

At this time our hours of operation will remain the same. We will notify you well in advance with any changes in hours.

Yes, please continue to use your scanner as you normally would. Your deposits will be accepted and processed as they normally would.

You will continue to receive your interest payments as you have in the past. Your rates on your Certificates of Deposit may change to the current competitive rates for BNC Bank. As a deposit customer you will receive a letter from BNC Bank via U.S. Mail within 7 days of the transaction with an enclosure titled “Notice of Rate Changes to your Interest Bearing Deposits”. Please read the document carefully.

The accounts transferred to BNC Bank will be separately insured for at least six months after the merger. This grace period gives you the opportunity to restructure the accounts, if necessary. If you are a deposit customer you will receive additional information about your deposit accounts via U.S. Mail within 7 days of the acquisition. Please read the letter and enclosed documents carefully and contact us with additional questions.

You can withdraw some or all of your funds from your deposit accounts without penalty until you enter a new agreement with BNC Bank provided you are not using your deposits to secure a loan. You have until October, 2011 to claim or arrange to continue your account(s) with BNC Bank .There are several ways that you can claim your account(s). As a deposit customer you will receive a letter via U.S. Mail within 7 days of the transaction which will include procedures for how to claim your deposits in a separate enclosure titled, “Notice to Depositors.” Please read the documents carefully. For your convenience you can also complete a Claim Form at your branch location that will claim all of your deposit accounts.

Yes, your current products and services will remain the same for the time being. As we integrate our systems and review the accounts at both banks, some changes may occur in your accounts. You will be notified at least 30 days in advance of any changes and we will be happy to walk you through any changes that may occur.

Most loans have been assumed by BNC Bank. Your payment amount and due date are the same. You will continue to make payments as you have in the past. If you are having your payment deducted from your account, it will continue as it has in the past. You should make your checks payable to BNC Bank and send your payments to the same address you have always used.

You should contact a bank loan officer for details about your account.

No. Your safe deposit box, fees and annual renewal date will remain the same. You can go to your local branch and access your safe deposit box; however, no action on your part is required because of this transaction.

No. You will continue to be able to do your banking at this location as you always have, plus having additional locations.

We are currently evaluating the situation and hope to retain as many employees as possible.

If you have more questions about your account(s) or about this transition, simply call your branch. A bank representative will be happy to answer your questions.