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ECB Receives a 4-Star Rating from BAUERFINANCIAL.

ENGELHARD, N.C. -- ECB Bancorp, Inc. (NASDAQ:ECBE), the parent holding company of The East Carolina Bank (ECB), announces that ECB has received a 4-star rating from BauerFinancial.

"We are very pleased to again be among BauerFinancial's 4-star rated financial institutions, " stated Arthur H. Keeney, III, ECB's President and CEO. "By this rating, BauerFinancial is signifying that ECB is safe, financially sound and operating well above our regulatory capital requirements."

BAUERFINANCIAL has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Financial data is compiled from call report data as reported to federal regulators.

All banks are subject to federal regulatory capital requirements. In addition to the capital ratio, other criteria is used to determine Bauer's Star Rating. Some of these include but are not limited to: profitability/loss trend, evaluating the level of delinquent loans and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), and liquidity. Potential losses on available-for-sale securities, delinquent loans and repossessed assets are forecasted in assigning the star rating.

About ECB Bancorp, Inc.

ECB Bancorp, Inc. is a bank holding company, headquartered in Engelhard, North Carolina, whose wholly-owned subsidiary, The East Carolina Bank (ECB), is a state-chartered, independent community bank insured by the FDIC. Rated 89th among NC's Top 100 Public Companies by the Charlotte Business Journal in 2006, ECB provides a full range of financial services. With 20 offices covering eastern NC from Currituck to Wilmington and Greenville to Hatteras, ECB also provides mortgages, insurance services through the Bank's licensed agents, and investment and brokerage services offered through a third-party broker-dealer. The Company's common stock is listed on The Nasdaq Global Market under the symbol "ECBE". More information can be obtained by visiting ECB's web site at
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Publication:Business Wire
Date:Jul 11, 2006
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