The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009.
Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.
A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded.
KS Bancorp is buying back all the shares that First Citizens acquired in an effort to take over the much smaller bank.
The $350 million acquisition is among the biggest bank mergers announced so far this year.
KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan.
Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.
Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries.
The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit.
The North Carolina company's efforts to contain expenses made up for a marginal increase in revenue.
