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.

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.

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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.

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


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

Park National to close 21 branches in Ohio and North Carolina

American Banker

North Carolina Expense management Branch network Community banking OhioThe Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

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

UCSD Tests New Drone Deliveries For Medical Products


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

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

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


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. Coronavirus college COVID-19 discounts News online classes Pratt Institute refunds students The College of New Jersey tuition university University of California San Diego University of North Carolina

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

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


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.

CA 141

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

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.

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


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. Ticket holders will receive the option to roll over their 2020 season ticket order to next year, get a reimbursement or contribute their season ticket purchases to Carolina Athletics as a gift.

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


Students have reportedly filed suit against the University of North Carolina (UNC) System as well as its board of governors and their separate universities as they look for tuition and fee refunds following the transition to digital classes with their campuses shuttered amid COVID-19, The News & Observer reported. UNC Charlotte, UNC Wilmington, UNC Asheville and East Carolina University were reportedly named in complaints that seek to be class actions.

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

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.

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.

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

6 key Senate races for bankers to watch

American Banker

Senate Banking Committee Arizona Election 2020 AML North Carolina Mitch McConnell Marijuana banking Alabama Georgia Regulatory reform

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.

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

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 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.

HomeTrust in N.C. sells $160 million in mortgages

American Banker

Community banking M&A Mortgages North CarolinaThe company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.

Equifax reaches deal with 8 states on steps to avoid future breaches

Payments Source

Data breaches Data security Data privacy Corporate governance Risk management Security risk Equifax FTC CFPB California New York Texas Georgia North Carolina Massachusetts Maine AlabamaUnder a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

Truist rivals eager to poach clients but will have to wait

American Banker

Integrations Recruiting Community banks Earnings Virginia North CarolinaFor small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.

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

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.

Sandbox Bill Announced For FinTech, Gov Regulations


Regulation Federal Government hedgeable House of Representatives McHenry North Carolina regulation sandbox U.K. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which is making strides in the space. To make sure the U.S.

Truist fights credit union's claims of copyright infringement

American Banker

Litigation Consumer banking Branch management Federal credit unions Credit unions Truist Financial North CarolinaThe company created by the BB&T-SunTrust merger said that Truliant Federal Credit Union does not own the trademark rights to names beginning with the prefix "tru.".

North Carolina Data Management Innovator Cognitect is Alum 1,000

Fintech Labs Insights

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. Like proud grandparents counting the place-settings at a big family dinner, we were thrilled to realize that with FinDEVr Silicon Valley 2016 ( tickets still available ) we have onboarded our 1,000th alum.

BLOBfish And The Cure For The Summertime Blues


Other than being one of the ugliest creatures to inhabit the sea, BLOBfish Activity Hub is also the name of a small North Carolina-based startup that aims to be the ‘TripAdvisor of summer camp’ It is, quite simply, meant to be the one-stop shopping hub for the parent in need of a summer activity. News Retail Ann McDowell Blobfish BLOBfish Activity Hub BLOBfish startup camp Featured News North Carolina search engine Startup summer camp summer camps for kids TripAdvisor

First Horizon Continues M&A with Truist Branch Purchases

Banking Exchange

First Horizon has acquired 30 North Carolina branches from Truist, adding $2.3 billion in deposits Management Feature Feature3 M&A Community Banking PPP Covid19. 1Management

Strategy drives structure. in theory only?

Jeff For Banks

I taught Organizational Structure this week at the North Carolina School of Banking. bank organizational structure bank strategy banking school credit union organizational structure drucker Jeff Marsico Kafafian Group nc bankers north carolina school of banking Strategy drives structure, so says Peter Drucker. Do you believe him? Does your strategy drive your structure? I was the one in the room with the accent, by the way. But I digress.