BNC Bancorp Increases Dividend By 24%

THOMASVILLE, N.C., Jan. 18 /PRNewswire-FirstCall/ — BNC Bancorp (Nasdaq: BNCN), the parent company of Bank of North Carolina, today announced that its Board of Directors declared an annual cash dividend of $0.18 per share, an increase of 24% when adjusted for the 10% stock dividend to be paid on January 20, 2007. The cash dividend will be paid on February 23, 2007 to shareholders of record on February 9, 2007.

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