Select Bancorp Inc (NASDAQ:SLCT) Investor Investigation Announced

If you purchased shares of Select Bancorp Inc (NASDAQ:SLCT), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Select Bancorp
Affected Securities: 
NASDAQ: SLCT

May 19, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Select Bancorp Inc (NASDAQ:SLCT) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Select Bancorp Inc. The investigation by a law firm concerns whether certain Select Bancorp officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Select Bancorp Inc reported that its Net income declined from $4.64 million in 2012 to $2.36 million in 2014. Shares of Select Bancorp Inc (NASDAQ:SLCT) declined from $7.97 per share in Decmeber 2014 to $6.33 per share on January 2015.