News Topic: north carolina

The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long. ... Read full article

United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets. ... Read full article

The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets. ... Read full article

BB&T and SunTrust had to sell the branches to get Justice Department approval, marking a big step towards closing their merger. ... Read full article

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions. ... Read full article

Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital. ... Read full article

The North Carolina company agreed to buy the much-smaller Community Financial Holding. ... Read full article

Skip Brown, an executive with the the Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application. ... Read full article

The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access. ... Read full article

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger? ... Read full article

The company, based in Charleston, S.C., will by Carolina Trust in western North Carolina for $100 million. ... Read full article

The 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. ... Read full article

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. ... Read full article

Shareholders of both companies will meet separately next month to cast ballots on the $28 billion deal, and BB&T investors will also decide whether the new company should be called Truist Financial. ... Read full article

Winston-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. ... Read full article

American Bank & Trust opened after organizers raised more than $22.5 million. ... Read full article

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line. ... Read full article

Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T ... Read full article