Bank of the Carolinas Corporation serves as a holding company for Bank of the Carolinas (the Bank). The Company's primary business activity consists of directing the activities of the Bank. The Bank is a state chartered non-Federal Reserve member bank, which is engaged in providing general commercial banking primarily in Davie, Randolph, Rowan, Cabarrus, Davidson and Forsyth Counties. The Bank's other offices are located in Asheboro (Randolph County), Landis (Rowan County), Harrisburg and Concord (Cabarrus County), Lexington (Davidson County), and Winston-Salem (Forsyth County). It offers consumer and commercial loans to individuals and small- and medium-sized businesses for various personal, business and agricultural purposes, including term and installment loans, commercial and equity lines of credit, and overdraft checking credit.