News Topic: north carolina
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United Community seeks leg up in Charlotte with Aquesta deal
SECU rolls out $1,000 bonuses for staff as pandemic hits one-year mark
The nation's largest second credit union is thanking all full-time employees for their work since COVID hit. But even as vaccinations ramp up, remote work will be the norm for most for several more months. ... Read full article
Allegacy FCU bolsters executive team
The North Carolina-based credit union appointed a new chief financial officer and a new president to its for-profit arm. ... Read full article
SECU chief Mike Lord to retire in August
The longtime leader joined State Employees' Credit Union, the second-largest CU in the nation, in 1975 and was named CEO in 2016. ... Read full article
Charlotte Metro to approach $1B of assets with merger
A 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. ... Read full article
Truliant finds new CFO close to home
Cosby Davis joins the executive team at North Carolina's third-largest credit union after nearly a decade at nearby Allegacy Federal Credit Union. ... Read full article
Truliant adds to Va. footprint with merger
Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina. ... Read full article
Organizers look to open bank in western North Carolina
Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina. ... Read full article
Truliant revamps flagship credit card as broader credit usage declines
The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR. ... Read full article
6 key Senate races for bankers to watch
Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs. ... Read full article
Park National to close 21 branches in Ohio and North Carolina
The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered. ... Read full article
PPP lending helps brand-new bank get off to promising start
Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans. ... Read full article
North Carolina investment group buying Tennessee bank
The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital. ... Read full article
North Carolina de novo to open after raising $50 million
Triad Business Bank, which will immediately have offices in three cities, will debut next week. ... Read full article
HomeTrust reverses course on plan to sell $90M in mortgages
The North Carolina company will hold onto the loans following the Fed's decision to slash interest rates. ... Read full article
North Carolina de novo on pace to open in March
Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC. ... Read full article
Truist rivals eager to poach clients but will have to wait
For 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. ... Read full article
Banks try pooling resources to help defray AML costs
A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead. ... Read full article
HomeTrust in N.C. sells $160 million in mortgages
The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%. ... Read full article
