SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20006
FORM 8-KSB
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported) March 25, 1999
ECB BANCORP, INC
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(Exact name of registrant as specified in its charter)
North Carolina 0-24753 56-2090738
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(State or other jurisdiction (Commission File (IRS Employer
of corporation) Number) Identification No.
35080 US 264
P. O. Box 337
Engelhard, North Carolina 27824
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(Address of principal executive offices)
Registrant's telephone number, including area code (252) 925-9411
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On March 25, 1999, ECB Bancorp, Inc., the holding company for The East
Carolina Bank announced the declaration of a quarterly dividend. A copy of the
Bank's press release is attached as Exhibit 99 to this Report.
Item 7. Exhibits
The following exhibits are attached to this Report:
Exhibit Number Description
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99 Copy of ECB Bancorp, Inc.'s March 25, 1999, press
release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
ECB Bancorp, Inc.
By:__________________________
Arthur H. Keeney, III
President and Chief Executive Officer
Dated: March 25, 1999
CONTACT: GARY M. ADAMS - CHIEF FINANCIAL OFFICER
(252) 925-9111, EXTENSION 209
ECB BANCORP, INC REPORTS DECLARATION
OF 1999 QUARTERLY CASH DIVIDEND
ENGELHARD, - ECB Bancorp, Inc., the parent holding company of The East Carolina
Bank, announces that on March 24, 1999, the Company's Board of Directors
declared a quarterly cash dividend of $.0725 per share, payable April 28, 1999
to shareholders of record on April 8, 1999.
The dividend payment represents a 13.7% increase over the equivalent quarterly
rate in 1998 and also represents the first quarterly dividend for ECB Bancorp,
Inc. Historically, the Company has paid its dividends on an annual basis. The
1998 annual dividend was $.255 per share.
Headquartered in Engelhard, NC, 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 16 offices in eastern North Carolina, nine
mainland offices in Currituck, Hyde, Pitt, Tyrrell, and Washington counties, six
offices in North Carolina's famed "Outer Banks" from Ocracoke Island in Hyde
County to Southern Shores in Dare County, and a Loan Production office in
Washington, North Carolina.
ECB's newest full service branch office is currently under construction at 1418
Carolina Avenue in Washington with grand opening festivities scheduled for May.
ECB Bancorp, Inc.'s common stock is currently listed on Nasdaq's SmallCap Market
under the symbol "ECBE".
