EXHIBIT 99
REVOCABLE PROXY
SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF UNITED FEDERAL SAVINGS BANK
FOR THE SPECIAL MEETING OF SHAREHOLDERS TO BE HELD SEPTEMBER 10, 1998
The undersigned shareholder of United Federal Savings Bank ("United Federal")
hereby constitutes and appoints John A. Barker and Robert C. White, or either of
them, as attorneys-in-fact and proxies, with full power and substitution to
represent and vote as directed below, all shares of the common stock of United
Federal held of record by the undersigned on July 27, 1998, at the Special
Meeting of Shareholders of United Federal to be held on Thursday, September 10,
1998 at 10:00a.m., local time, at the Carleton House, 213 North Church Street,
Rocky Mount, North Carolina, and at any adjournments thereof (the "Special
Meeting").
1. PROPOSAL TO APPROVE MERGER. Proposal to approve the Agreement and
Plan of Reorganization and Merger dated as of March 4, 1998, and
amended as of August 7, 1998 and the related Plan of Merger
(collectively, the "Agreement"), by and among United Federal,
Triangle Bank and Triangle Bancorp, Inc. ("Triangle"), and to
approve the transactions contemplated therein, pursuant to which,
among other matters, (i) at the effective time, United Federal will
merge with and into Triangle Bank or a wholly-owned interim bank
subsidiary of Triangle (the "Merger"), and (ii) each share of common
stock of United Federal outstanding immediately prior to the Merger
will be converted into 0.945 shares of the common stock, no par
value, of Triangle, subject to adjustment as provided in the
Agreement.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
2. OTHER BUSINESS. To vote the shares of United Federal common stock
represented by this appointment of proxy upon such other matters as may
properly come before the Special Meeting and any adjournments thereof
in accordance with their best judgment.
PLEASE VOTE, SIGN AND DATE THIS APPOINTMENT OF PROXY ON THE REVERSE SIDE AND
PROMPTLY RETURN IT USING THE ENCLOSED ENVELOPE.
(continued from other side)
THE SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY WILL BE VOTED AS
DIRECTED ABOVE. IN THE ABSENCE OF ANY DIRECTION, THE PROXIES WILL VOTE THE
SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY FOR PROPOSAL 1. SHOULD OTHER
MATTERS PROPERLY COME BEFORE THE SPECIAL MEETING, THE PROXIES WILL BE AUTHORIZED
TO VOTE THE SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY IN ACCORDANCE WITH
THEIR BEST JUDGMENT. THIS APPOINTMENT OF PROXY MAY BE REVOKED BY THE HOLDER OF
THE SHARES TO WHICH IT RELATES AT ANY TIME BEFORE IT IS EXERCISED BY FILING WITH
THE SECRETARY OF UNITED FEDERAL A WRITTEN INSTRUMENT REVOKING IT OR A DULY
EXECUTED APPOINTMENT OF PROXY BEARING A LATER DATE OR BY ATTENDING THE SPECIAL
MEETING AND ANNOUNCING HIS OR HER INTENTION TO VOTE IN PERSON.
By signing this proxy, the undersigned hereby
acknowledges receipt of the Notice of Special
Meeting, dated August 7, 1998, and the
accompanying Proxy Statement/Prospectus.
Dated: _______________________________, 1998
---------------------------------------------
Signature of Owner of Shares
---------------------------------------------
Signature of Joint Owner of Shares (if any)
Instruction: Please sign above exactly as
your name appears on this appointment of
proxy. Joint owners of shares should both
sign. Fiduciaries or other persons signing in
a representative capacity should indicate the
authorized capacity in which they are
signing.
IMPORTANT: TO INSURE THAT A QUORUM IS PRESENT AT THE SPECIAL MEETING, PLEASE
SEND IN YOUR APPOINTMENT OF PROXY WHETHER OR NOT YOU PLAN TO ATTEND. EVEN IF YOU
SEND IN YOUR APPOINTMENT OF PROXY, YOU WILL BE ABLE TO VOTE IN PERSON AT THE
SPECIAL MEETING IF YOU SO DESIRE.