ECB Bancorp, Inc. : Announces Promotion of Lorie Y. Runion as Executive Vice President, Chief Administrative Officer & Corporate Secretary
01/25/2012| 11:05am US/Eastern

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A. Dwight Utz, President/CEO of ECB Bancorp (ECB) and the East Carolina
Bank announced today the promotion of Lorie Y. Runion as Executive Vice
President, Chief Administrative Officer for ECB Bancorp, Inc. and the
East Carolina Bank. Ms. Runion has also been named Corporate Secretary
of the Corporation. Since joining ECB in December 2009, she has served
as SVP, Chief Administrative Officer and was appointed as an executive
officer for both the corporation and the bank in January 2011.
As Chief Administrative Officer (CAO), Ms. Runion will continue
to have oversight for our Company's strategic plan and the alignment of
business decisions to our overall strategic rationale; Human Resources,
and our Learning and Talent Development function, including ECB
University; and special project management. She will assume
responsibility for building ECB's Corporate Communications function
which involves the development and implementation of communications
programs to a wide range of stakeholders. Ms. Runion is a member of our
Strategic Thinking Group (STG) and holds management responsibility for
the Compensation Committee of the Board.
"In today's world of organizational complexity, rapid change, new
regulation and the challenge to remain competitive and innovative, we
believe that strategy development and execution is a continuous process.
The development and implementation of a robust communication program,
both internally and externally, to our wide range of stakeholders
including our associates, customers, shareholders, investors,
communities and the general public is crucial to the communication of
ECB's strategy. Ms. Runion's strategic approach and vision complemented
by her expertise in areas of strategic planning, corporate
communication, talent development/acquisition, marketing, special
projects and banking in general properly position her to assume the
responsibilities EVP for ECB," stated President/CEO, A Dwight Utz.
"I am certainly honored and very pleased to be appointed as ECB's EVP,
CAO and to continue to work with the dynamic leadership team here at
ECB," commented Ms. Runion. "My energy will be focused on leveraging my
talent to position ECB for our planned strategic growth and as a vibrant
provider of financial services."
Ms. Runion's over 30 years in the financial services industry include
serving as Senior Vice President at Drovers Bank, in York, PA and as
Executive Vice President at First National Bank in Hermitage, PA. Prior
to joining ECB, Lorie was with Beach First National Bank, now BNC, and
was a teaching associate with the Wall College of Business at Coastal
Carolina University in the area of Marketing. Her Banking career started
as a part-time summer employee at Peoples Bank of Glen Rock, Glen Rock,
PA for whom she worked multiple summers, holidays and evenings while
obtaining her Master's degree.
She is a 1989 graduate of Stonier Graduate School of Banking and was a
member of the ABA Marketing Network's strategic colloquium of senior
executives for banks under $10 billion for 12 years. Lorie has held the
designation of Certified Financial Marketing Professional (CFMP) and
completed the Executive Leadership Program with the Napier Group. She
holds a B.S. in Education from York College of Pennsylvania and a M.S.
in Psychology from Millersville University.
Ms. Runion and her husband James live in Kill Devil Hills, NC. They have
two children, Benjamin Runion of Charleston, SC and Jessica Runion Cox
of Ft Bragg, NC where her husband serves with the 82nd
Airborne.
About ECB Bancorp, Inc.
ECB Bancorp, Inc. is a bank holding company, headquartered in Engelhard,
North Carolina, whose wholly-owned subsidiary, The East Carolina Bank,
is a state-chartered, independent community bank insured by the FDIC.
The Bank provides a full range of financial services through its 25
offices covering eastern North Carolina from Currituck to Ocean Isle
Beach and Greenville to Hatteras. The Bank also provides mortgages,
insurance services through the Bank's licensed agents, and investment
and brokerage services offered through a third-party broker-dealer. The
Company's common stock is listed NYSE Amex under the symbol "ECBE". More
information can be obtained by visiting ECB's web site at www.myecb.com.
"Safe Harbor Statement" Under the Private Securities Litigation
Reform Act of 1995
Statements in this Press Release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, expectations or beliefs about future events or results, and
other statements that are not descriptions of historical facts, may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking information is inherently
subject to risks and uncertainties, and actual results could differ
materially from those currently anticipated due to a number of factors,
which include, but are not limited to, risk factors discussed in the
Company's Annual Report on Form 10-K and in other documents filed by the
Company with the Securities and Exchange Commission from time to time.
Forward-looking statements may be identified by terms such as "may",
"will", "should", "could", "expects", "plans", "intends", "anticipates",
"feels", "believes", "estimates", "predicts", "forecasts", "potential"
or "continue", or similar terms or the negative of these terms, or other
statements concerning opinions or judgments of the Company's management
about future events. Factors that could influence the accuracy of such
forward-looking statements include, but are not limited to: the
regulatory and shareholder approvals required for the private placement
may not be obtained or may not be obtained on the terms expected or on
the schedule that we anticipate; and other closing conditions for the
private placement may not be satisfied. In addition, factors that could
have a material impact on the results of operations of the Company
include, but are not limited to, pressures on the Company's earnings,
capital and liquidity resulting from current and future conditions in
the credit and equity markets; the financial success or changing
strategies of the Company's customers; actions of government regulators
or changes in laws, regulations or accounting standards that adversely
affect our business; changes in the interest rate environment and the
level of market interest rates that reduce our net interest margins
and/or the values of loans we make and securities we hold; weather and
similar conditions, particularly the effect of hurricanes on the
Company's banking and operations facilities and on the Company's
customers and the communities in which it does business; continued or
unexpected increases in credit losses in the Company's loan portfolio;
continued adverse conditions in general economic conditions and real
estate values in our banking market (particularly as those conditions
affect our loan portfolio, the abilities of our borrowers to repay their
loans, and the values of loan collateral); and other developments or
changes in our business that we do not expect. Although the Company
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot guarantee future results, levels of
activity, performance or achievements. All forward-looking statements
attributable to the Company are expressly qualified in their entirety by
the cautionary statements in this paragraph. The Company has no
obligation, and does not intend, to update these forward-looking
statements.

ECB Bancorp, Inc.
A. Dwight Utz, President and CEO
252-925-5509
Office
800-849-2265
© Business Wire 2012
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