Proposed North Carolina de novo withdraws application

BankThink

Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank. Community banking Capital De novo institutions North Carolina

North Carolina has first new bank since the financial crisis

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Community banking Capital De novo institutions North CarolinaAmerican Bank & Trust opened after organizers raised more than $22.5 million.

Investor group buys, recapitalizes North Carolina bank

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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.

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.

Organizers planning de novo bank in North Carolina

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

Virginia bank sues North Carolina de novo over name

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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.

High-profile exec to leave Live Oak in North Carolina

BankThink

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

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

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

Proposed North Carolina de novo seeks to raise $30M

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

Third group plans de novo in North Carolina

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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

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

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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

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.

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.

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.

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.

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.

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

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

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

Carolina Financial makes bigger inland push with latest bank purchase

BankThink

will by Carolina Trust in western North Carolina for $100 million. Community banking M&A Capital South Carolina North CarolinaThe company, based in Charleston, S.C.,

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

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

'Truist' rebrand prompts lawsuit by N.C. credit union

BankThink

Branding Lawsuits M&A Regional banks Truist Financial BB&T SunTrust North CarolinaWinston-Salem-based Truliant Federal Credit Union has filed a suit in federal court claiming that BB&T and SunTrust banks’ post-merger brand represents trademark infringement and unfair competition.

BB&T, SunTrust set dates for shareholder votes on megamerger

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M&A Regional banks Branding Georgia North CarolinaBB&T's shareholders will also be asked to approve changing the company's name to Truist Financial.

Why F.N.B. remains on the M&A sidelines

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Community banking M&A Capital Pennsylvania Virginia North CarolinaThe Pittsburgh regional, once among the most industry’s most active acquirers, hasn’t bought a bank in more than two years — and it’s in no rush to do so.

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

BankThink

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

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

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

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

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.

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

Why Senate Republicans are sitting out pot banking fight

BankThink

Marijuana banking Enforcement Election 2020 Finance, investment and tax-related legislation Mike Crapo Senate Banking Committee North CarolinaThe 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.

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.