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ECB Bancorp, Inc. Announces Promotion Of Lorie Y. Runion As Executive Vice President, Chief Administrative Officer & Corporate Secretary

Stocks in this article: ECBE

A. Dwight Utz, President/CEO of ECB Bancorp (ECB) and the East Carolina Bank announced today the promotion of Lorie Y. Runion as Executive Vice President, Chief Administrative Officer for ECB Bancorp, Inc. and the East Carolina Bank. Ms. Runion has also been named Corporate Secretary of the Corporation. Since joining ECB in December 2009, she has served as SVP, Chief Administrative Officer and was appointed as an executive officer for both the corporation and the bank in January 2011.

As Chief Administrative Officer (CAO), Ms. Runion will continue to have oversight for our Company’s strategic plan and the alignment of business decisions to our overall strategic rationale; Human Resources, and our Learning and Talent Development function, including ECB University; and special project management. She will assume responsibility for building ECB’s Corporate Communications function which involves the development and implementation of communications programs to a wide range of stakeholders. Ms. Runion is a member of our Strategic Thinking Group (STG) and holds management responsibility for the Compensation Committee of the Board.

“In today’s world of organizational complexity, rapid change, new regulation and the challenge to remain competitive and innovative, we believe that strategy development and execution is a continuous process. The development and implementation of a robust communication program, both internally and externally, to our wide range of stakeholders including our associates, customers, shareholders, investors, communities and the general public is crucial to the communication of ECB’s strategy. Ms. Runion’s strategic approach and vision complemented by her expertise in areas of strategic planning, corporate communication, talent development/acquisition, marketing, special projects and banking in general properly position her to assume the responsibilities EVP for ECB,“ stated President/CEO, A Dwight Utz.

“I am certainly honored and very pleased to be appointed as ECB’s EVP, CAO and to continue to work with the dynamic leadership team here at ECB,“ commented Ms. Runion. “My energy will be focused on leveraging my talent to position ECB for our planned strategic growth and as a vibrant provider of financial services.”

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