Investor group buys, recapitalizes North Carolina bank

BankThink

Community banking M&A Capital Growth strategies North CarolinaSound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

Organizers planning de novo bank in North Carolina

BankThink

Community banking De novo institutions Capital North CarolinaTriad Business Bank adds to the list of de novo efforts taking place in the state.

North Carolina de novo receives FDIC approval

BankThink

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.

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!

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

Virginia bank sues North Carolina de novo over name

BankThink

Consumer banking Community banking De novo institutions Lawsuits Branding North Carolina VirginiaAmerican National Bankshares is trying to force the proposed American Bank & Trust to change its name.

North Carolina de novo inches closer to opening

BankThink

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis. De novo institutions Community banking Community banks Capital 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

BankThink

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?

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

Proposed North Carolina de novo seeks to raise $30M

BankThink

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

FDIC clears path for North Carolina de novo bank

BankThink

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

Fifth Third to buy North Carolina investment adviser

BankThink

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.

Third group plans de novo in North Carolina

BankThink

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

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

BankThink

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.

Second group looks to form bank in North Carolina

BankThink

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.

FDIC paves way for another de novo effort in North Carolina

BankThink

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.

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

BankThink

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

BankThink

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

NetBanker

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.

Pinnacle Financial to buy Bank of North Carolina parent

BankThink

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

BankThink

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.

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

BankThink

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

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

BankThink

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.

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

BankThink

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

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

Entegra settles with adviser over unexpected merger expense

BankThink

The North Carolina company was hit with a tax penalty tied to its purchase of Chattahoochee Bank of Georgia. Community banking M&A Tax North Carolina

Buyer avoids red tape, seller builds on strength in Sound Bank deal

BankThink

The deals lets a North Carolina group skip the de novo process. Strategic buyers Small business lending Growth strategies SBA North CarolinaWest Town, which sold the bank, will use the funds to support a fast-growing business line.

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

Food In Flight: Delivering Mobile Orders By Drone

PYMNTS

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.

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.

Ex-Congressman's Russian bank loses license over money laundering

BankThink

Commercial Bank of Ivanovo, in which former North Carolina Representative Charles Taylor owns an 80% stake, regularly broke anti-money-laundering regulations and used “schemes” to artificially inflate its capital, according to a central bank statement. Money laundering AML Russia North Carolina

Buyout drama in N.C. highlights flaw in MOE deals

BankThink

Strategic buyers Growth strategies Community banking North Carolina TennesseeSmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

First Citizens to buy small bank in South Carolina

BankThink

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

First Citizens adding branches in South Florida with Biscayne acquisition

BankThink

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

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.

Charlotte bound: U.S. Bank expanding into hometown of BofA, BB&T-SunTrust

BankThink

The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks. Bank North CarolinaConsumer banking Consumer lending Branch network Branch management U.S. Bancorp U.S.