New Century Bank, Dunn, N.C., has announced the formation of a separate mortgage division under the name NC Bank Mortgage to avoid confusion with New Century Mortgage, the wholesale mortgage division of New Century Financial Corp., Irvine, Calif."We recently were made aware that there is a mortgage company with a name similar to ours," said John Q. Shaw, president and chief executive officer of New Century Bank. "In order to avoid any confusion, and because the mortgage area of our bank is important to us and to our customers, we created a division of the bank to handle our mortgage lending function and gave it its own name." The mortgage division is headed by Sandra Heath. The bank can be found online at http://www.newcenturybanknc.com.

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