First Bancorp buying Select Bancorp to bulk up in North Carolina

American Banker

North Carolina M&A Community banks

North Carolina investment group buying Tennessee bank

American Banker

Capital North Carolina Community banking M&A TennesseeThe acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital.

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Bitcoin Daily: North Carolina Looks To Blockchain For Economic Boost; S. Korea’s LG To Use Blockchain For School Lunch Supply Chain

PYMNTS

North Carolina Lieutenant Governor Dan Forest announced the launch of the North Carolina Blockchain Initiative to study the technology, virtual assets, smart contracts and digital tokens. The initiative will be co-chaired by Faruk Okcetin of the North Carolina Digital Economy Hub; Daniel Spuller of the Chamber of Digital Commerce; and Eric Porper of the Warp Institute. Bitcoin B2B B2B Payments bitcoin Blockchain LG News North Carolina What's Hot

Organizers look to open bank in western North Carolina

American Banker

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina. Capital North Carolina De novo institutions Consumer banking

North Carolina de novo on pace to open in March

American Banker

Community banking De novo institutions Capital North CarolinaOrganizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.

North Carolina de novo to open after raising $50 million

American Banker

Capital North Carolina Community banking De novo institutionsTriad Business Bank, which will immediately have offices in three cities, will debut next week.

North Carolina Car Insurance: How to Get the Cheapest Rates

MyBankTracker

One of the perks of living in North Carolina is that it’s one of the states with the lowest average car insurance premiums. What are Average Car Insurance Rates in North Carolina? Factors that Will Affect Your North Carolina Car Insurance Premium.

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

Dogwood State raises $28M to expand across North Carolina

American Banker

The bank, formed in 2019 when investors bought and recapitalized Sound Bank, will use the funds to hire lenders and improve its overall infrastructure. Capital Growth strategies Community banks

North Carolina Homeowners Insurance: How to Shop for the Lowest Rates

MyBankTracker

The good news, though, is that homeowners insurance in North Carolina helps soften the financial blow. Average Homeowners Insurance in North Carolina. On average, homeowners in North Carolina pay about $1,337 a year.

United Community seeks leg up in Charlotte with Aquesta deal

American Banker

North Carolina Community banking M&A

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

Allegacy FCU bolsters executive team

American Banker

The North Carolina-based credit union appointed a new chief financial officer and a new president to its for-profit arm. North Carolina Career moves Credit unions

Truliant finds new CFO close to home

American Banker

Cosby Davis joins the executive team at North Carolina's third-largest credit union after nearly a decade at nearby Allegacy Federal Credit Union. North Carolina Career moves Credit unions Hiring

Coronavirus Refunds: UNC To Offer Reimbursements, Credits, Contribution Options For Season Tickets

PYMNTS

The University of North Carolina at Chapel Hill announced in a letter to football season ticket holders that Carolina Athletics will not have tickets in the form of season passes.

CFPB/FTC/North Carolina DOJ file amicus brief with Fourth Circuit in support of reversal of district court decision giving FCRA immunity to consumer reporting agency under the Communications Decency Act

CFPB Monitor

The CFPB, FTC, and the North Carolina Department of Justice filed an amicus brief with the U.S.

Truliant adds to Va. footprint with merger

American Banker

billion-asset Truliant FCU, based in North Carolina. North Carolina Virginia Credit unions M&A Federal credit unions Growth strategiesMembers of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2

UCSD Tests New Drone Deliveries For Medical Products

PYMNTS

The program will be Matternet’s third, with an earlier UPS partnership having made 1,900 flights at WakeMed, a hospital in North Carolina. Delivery cvs drone delivery Hospitals Matternet medical News North Carolina Technology UCSD UPS What's Hot

College Students Seek Lower Fall Tuition As Schools Plan To Stick With Digital Classes

PYMNTS

For instance, students at the University of North Carolina system have filed suit seeking tuition and fee refunds for spring because schools switched to online classes.

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

SECU chief Mike Lord to retire in August

American Banker

SECU North Carolina Credit unions Career moves Succession planningThe longtime leader joined State Employees' Credit Union, the second-largest CU in the nation, in 1975 and was named CEO in 2016.

Coronavirus: CA Mandates Premium Refunds; NC Universities To Provide Partial Room, Board Reimbursements

PYMNTS

On another note, some institutions of higher education in North Carolina are starting to provide students with reimbursement for residential and dining services that were not utilized because of COVID-19, Carolina Public Press reported.

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Coronavirus Refunds: Students Seek Refunds From NC Universities In Suits; Cardinals To Reimburse Fans For Tickets

PYMNTS

UNC Charlotte, UNC Wilmington, UNC Asheville and East Carolina University were reportedly named in complaints that seek to be class actions. The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use.

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

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.

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

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

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

SECU rolls out $1,000 bonuses for staff as pandemic hits one-year mark

American Banker

Employee benefits SECU North Carolina Credit unions Coronavirus Bonuses and incentivesThe nation's largest second credit union is thanking all full-time employees for their work since COVID hit.

Banks try pooling resources to help defray AML costs

American Banker

A North Carolina group is trying to take regulators' cue to work together. Community banking AML Mutual banks North Carolina OhioA successful effort could encourage others to follow its lead.

Charlotte Metro to approach $1B of assets with merger

American Banker

North Carolina Credit unions M&A Growth strategiesA planned combination with Premier Federal Credit Union in Greensboro, N.C., will expand the Charlotte-based credit union's reach in the Tar Heel State.

North Carolina Senate approves Bitcoin bill

The Paypers

(The Paypers) The North Carolina Senate has approved the amendment of a statutory article – the North Carolina Money Transmitters Act

HomeTrust reverses course on plan to sell $90M in mortgages

American Banker

The North Carolina company will hold onto the loans following the Fed's decision to slash interest rates. Mortgages North Carolina Community banking M&A Growth strategies

Drone Company Flytrex Secures $7.5 Million

PYMNTS

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 million in Series B financing, according to a report in VentureBeat. The funding round was led by Benhamou Global Ventures (BGV) with additional capital from Btov.

A community bank's mobile strategy drives digital payments

Payments Source

Mobile payments North CarolinaMuch like small businesses, small banks can't take on huge IT projects and rely more on targeted deployments to build a user base for future technology.