North Carolina de novo receives FDIC approval


De novo institutions Community banking Community banks North CarolinaNow the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

AvidXchange expands corporate headquarters in North Carolina

The Paypers

(The Paypers) US-based AP automation solutions provider AvidXchange has announced expanding its corporate headquarters in North Carolina

North Carolina Traditions.

Jim Blaine

Still important in North Carolina. North Carolina has a rich history of civil disobedience, which, in and of itself, is quite an intriguing phrase; because much of our disobedience of late has been anything but civil!

High-profile exec to leave Live Oak in North Carolina


Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo. Community banking De novo institutions Succession planning North Carolina

Only In North Carolina.

Jim Blaine

Excerpts from The Davie County Enterprise Record : "Stink Bugs Looking To Hibernate" " Stink bugs count as a new invasive pest which needs to be tracked.

Why North Carolina is de novo central


Community banking De novo banks Minimum capital requirements Capital North CarolinaTwo groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more?

FDIC clears path for North Carolina de novo bank


Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner. Community banking De novo institutions Compliance Capital North Carolina Ohio

Proposed North Carolina de novo seeks to raise $30M


Spirit Community Bank would be the first new bank in North Carolina since 2009. De novo banks Community banking Capital markets North Carolina

Fifth Third to buy North Carolina investment adviser


M&A Regional banks Independent advisors North Carolina OhioThe Ohio regional will start offering advisory services to professional athlete after it buys Franklin Street Partners.

North Carolina deal boosts F.N.B.'s 2Q profit


Earnings Non-interest income Commercial lending M&A Pennsylvania North CarolinaThe 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses.

FDIC paves way for another de novo effort in North Carolina


That list also includes Community Bank of the Carolinas, which was approved in early December. Community banking De novo institutions Capital FDIC North CarolinaSpirit Community Bank is the 15th bank to get the agency's approval this year.

Third group plans de novo in North Carolina


Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas. De novo banks Community banking Capital North Carolina

Second group looks to form bank in North Carolina


Spirit Community Bank is being planned in Statesville, a community located about 45 miles north of Charlotte. Community banking De novo banks Capital North CarolinaA separate set of organizers has already shared plans to open a bank east of Charlotte.

Digital Currency Law Signed in North Carolina

American Banker

Pat McCrory on Wednesday signed the North Carolina Money Transmitters Act, as requested by the state banking commissioner's office. breaking_news law-regulation national-regional blockchain-digital-currencies nc bank-technology

F.N.B. set to play offense in North Carolina


Earnings M&A Regional banks Community banking Sailthru NMN origination no display Pennsylvania North CarolinaThe Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.

National Politics 2016: North Carolina: H.B.2. A Third Potty Campaign?

Jim Blaine

Well, if you haven't heard about North Carolina's new law - trumpeted as "H.B.2" (House Bill #2) - you must be living on Mars! The law caught most folks in North Carolina by surprise, as most of us didn't realize we "had a problem".

West Town to buy Sound Banking in North Carolina


M&A Integrations Growth strategies North CarolinaWest Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year.

North Carolina Data Management Innovator Cognitect is Alum 1,000


Durham, North Carolina-based Cognitect helped us make the milestone, and will join us next week at our upcoming developers conference in the Bay Area. The post North Carolina Data Management Innovator Cognitect is Alum 1,000 appeared first on Finovate.

North Carolina losing another bank to an out-of-state buyer


Community banking M&A Capital Growth strategies Virginia North CarolinaParkway Acquisition in Virginia has agreed to buy Great State Bank for nearly $15 million.

Pinnacle Financial to buy Bank of North Carolina parent


Community banking Capital North Carolina TennesseeThe $1.9 billion deal – the largest announced in 2017 – will create a bank with nearly $20 billion in assets.

North Carolina bank feels sting of New Orleans bank failure


Earnings Failures Debt North Carolina LouisianaEntegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter profit by $441,000.

United is latest out-of-state acquirer to enter North Carolina


Community banking M&A Capital Georgia North CarolinaThe Georgia bank will pay $124 million for Four Oaks Fincorp, buying a bank with a large operation in Raleigh, N.C.

Drone Company Flytrex Secures $7.5 Million


Flytrex also has plans to expand into North Carolina. Investments delivery Drones financing flytrex funding golf course Investment News North Carolina Startup Venture CapitalFlytrex, a six-year-old Israeli startup, has raised $7.5

Bank of North Carolina Gets Rebranded as BNC Bank

American Banker

billion-asset company said in a press release Tuesday that Bank of North Carolina is now BNC Bank. BNC Bancorp in High Point, N.C., has rebranded its banking unit to reflect its expansion beyond the Tarheel State. The $7.5 nc retail-branch-strategies dealmaking-strategy breaking_news community-banking

Carolina Financial in S.C. is latest out-of-state bank to expand in North Carolina


It is the fifth time this year that a bank in North Carolina has agreed to be sold to a buyer from another state. Community banking M&A Capital South Carolina North CarolinaThe company agreed to pay $162 million to buy First South Bancorp in Washington, N.C.

Is North Carolina Next in Line for Tennessee's Pinnacle?

American Banker

The company believes it is done making acquisitions in its home state. The next phase of growth will likely involve deals and strategic hiring in large urban markets across the Southeast. community-banking consolidation performance nc m-a strategic-alternatives dealmaking-strategy

Food In Flight: Delivering Mobile Orders By Drone


That’s a problem that drone delivery company Flytrex is aiming to solve in partnership with the North Carolina Department of Transportation (NCDOT). A separate pilot program in North Carolina is exploring drone delivery for medical materials.

Virginia, North Carolina Banks to Swap Branches

American Banker

First Bancorp in Southern Pines, N.C., and First Community Bancshares in Bluefield, Va., have agreed to exchange branches in two states. breaking_news community-banking branch-deals nc va dealmaking-strategy

Little Bank to Buy Union Banc in North Carolina

American Banker

Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $30.7 million, or $11.94 a share, for the $298 million-asset Union Banc in Oxford, N.C. breaking_news community-banking m-a nc dealmaking-strategy

F.N.B. Taps More Yadkin Execs to Key North Carolina Posts

American Banker

to take on leadership roles for its new markets in the Carolinas. F.N.B. in Pittsburgh has selected more executives from Yadkin Financial in Raleigh, N.C., dealmaking-strategy breaking_news people corporate-governance nc sc community-banking

TRENDING: Giving Food Delivery A Drone-Powered Lift


Intelligence of Things delivery Drones flytrex Intelligence of Things Tracker IoT Main Feature News North Carolina Department of Transportation Self-Driving Cars Tracker Series

Trends 149

First Citizens to buy small bank in South Carolina


The North Carolina company agreed to pay $38 million in cash for First South Bancorp. Community banking M&A Capital North Carolina South Carolina

BB&T, SunTrust to combine in $28B merger


Regional banks M&A Capital Growth strategies North Carolina GeorgiaThe industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.

Talent, deposits up for grabs after BB&T-SunTrust deal


M&A Strategic buyers Community banking Regional banks Georgia North Carolina VirginiaRegional and community banks are eager to buy branches and hire top performers from the merging companies.

CFPB October 2016 complaint report highlights prepaid card complaints, complaints from North Carolina consumers

CFPB Monitor

The CFPB has issued its October 2016 complaint report which highlights complaints about prepaid cards and complaints from consumers in North Carolina and the Charlotte metro area. Findings regarding complaints from North Carolina consumers include the following: As of October 1, 2016, approximately 27,600 complaints were submitted by North Carolina consumers of which approximately 29 percent (about 8,000) were from Charlotte consumers. Barbara S. Mishkin.

First Citizens adding branches in South Florida with Biscayne acquisition


The North Carolina regional bank will gain four locations and $834 million in loans. M&A Regional banks Community banking Growth strategies North Carolina Florida

BB&T accelerates cost-cutting to fund tech expansion


The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives. Regional banks Digital banking Earnings Expense management North Carolina

De novo activity's up, but organizers face familiar obstacles


Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons. De novo institutions Community banking Minimum capital requirements North Carolina

Entegra in N.C. delays earnings to review potential impairment charge


Community banking Earnings M&A North CarolinaThe company recently agreed to be sold to SmartFinancial in Knoxville, Tenn.

Former CEO of North Carolina credit union charged with embezzlement

CU Insight

A North Carolina federal grand jury on Friday indicted Saundra Torrence, a 27-year president/CEO of the $32 million First Legacy Community Credit Union, for allegedly embezzling more than $375,000 from the Charlotte-based cooperative. Attorney for the western district of North Carolina.

BB&T fixes ATMs hit by tech glitch, but online banking still down


The North Carolina bank is the latest regional to experience a widespread outage. Mobile banking Online banking Cyber security Consumer banking ATMs Technology BB&T North Carolina

Movement Bank in Va. hires veteran banker as next CEO


David Rupp was CEO of Four Oaks Fincorp in North Carolina when it sold itself to United Community Banks last year. Community banking Career moves C-suite Succession planning Virginia North Carolina

Tech Center: Charlotte On The Edge of Tech Greatness


Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. With this news, we decided to focus our Tech Center on the up-and-coming North Carolina city. With the North Carolina Technology Association regularly holding its annual tech expo in Charlotte this year, the city is continuing its upward trajectory.