1263762--3/22/2006--NEW_CENTURY_BANCORP

related topics

{acquisition, growth, future}

{condition, economic, financial}

{loss, insurance, financial}

{stock, price, share}

{competitive, industry, competition}

Risks Associated with our Merger Agreement with Progressive State Bank We can give no assurances as to when, or if, our acquisition of Progressive State Bank will be consummated. The merger may have an adverse effect on operating results Risks Associated with our Continued Operations We may not be able to maintain and manage our growth, which may adversely affect our results of operations and financial condition and the value of our common stock. A decrease in interest rates could adversely impact our profitability. Our profitability depends significantly on economic conditions in our market area. If we experience greater loan losses than anticipated, it will have an adverse effect on our net income. In order to be profitable, we must compete successfully with other financial institutions which have greater resources and capabilities than we do. There is a limited market for our common stock Our securities are not FDIC insured.

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1263762--3/22/2006--NEW_CENTURY_BANCORP_INC