Dear Community members, shareholders and customers:
We are New Century Bank. New Century Bank is a community bank based in southeastern Pennsylvania within the northwestern suburbs of Philadelphia. We have five branches in Malvern, Wayne, Newtown Square, Kimberton and a corporate headquarters in Phoenixville.
There has been some market confusion about our community bank and a troubled financial company with a similar name based in California. Let me assure you that Phoenixville's, New Century Bank– your community bank, is in no way affiliated with sub-prime mortgage lender, New Century Financial.
As illustrated in our 2006 Annual Report and upcoming 2007 Annual report, New Century Bank is solvent and stable institution with ten years of honest, positive growth. New Century Bank is a privately held community bank focused on providing solid financial partnering with consumers and small businesses in the communities we support.
We invite you to visit any of our branches for more information or you can contact me directly to discuss this issue. We trust that this answers any concerns that you may have had about the name similarities. We sincerely look forward to continuing to provide you with the highest level of service available within the banking community.
Most Sincerely,
James W. McKeighan, III
President, New Century Bank
Enter NewCenturyBank.com
