NEW YORK, NY (NAMC) - North Carolina based banking institution and the parent holding company of The East Carolina Bank, ECB Bancorp, Inc. (NASDAQ: ECBE), is planning on organically growing the company over the next 1 to 2 years. They expect to open at least four full services branches in that time frame within the eastern North Carolina area.

Of course any expansion is with the approval from regulatory authorities, which is the normal course of business in banking. With financial institutions such as Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Commerce Bancorp (NYSE: CBH) expanding across the nation, ECB may just be positioning the company to fetch a good price if any of these major banks see value in their banking chain.

J.C. Arens
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

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