Bank of the Carolinas Corporation Declares Cash Dividend
Wednesday, June 25, 2008 3:30 PM
Symbols: BCAR

MOCKSVILLE, N.C., June 25 /PRNewswire-FirstCall/ -- Bank of the Carolinas Corporation (Nasdaq: BCAR) announced today that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on July 23, 2008, to shareholders of record on July 9, 2008.

Bank of the Carolinas Corporation is the holding company for Bank of the Carolinas, a state-chartered bank, headquartered in Mocksville, NC, with offices in Advance, Asheboro, Cleveland, Concord, Harrisburg, King, Landis, Lexington, and Winston-Salem. Common stock of the company is traded on the NASDAQ Global Market under the symbol BCAR.

Additional information about Bank of the Carolinas is available on its website at www.bankofthecarolinas.com .

    For further information contact:
    Michelle L. Clodfelter
    Principal Financial Officer
    Bank of the Carolinas Corporation
    PO Box 129
    Mocksville, NC 27028
    (336) 751-5755, ext. 222

SOURCE Bank of the Carolinas Corporation

(Source: PR Newswire )

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