News Topic: north carolina

The two banks’ CEOs used a public hearing to argue their merger will be a boon for underserved markets. But other speakers warned that bank consolidation hurts communities. ... Read full article

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium. ... Read full article

Entegra Financial, which had agreed to sell to SmartFinancial, is now selling to First Citizens, which offered more money and will pay a breakup fee for the initial deal. ... Read full article

The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks. ... Read full article

The cold, hard truth of bank mergers is that rivals often steal top producers and convince customers the bigger bank won’t care about them anymore. The CEOs of the merging banks explain their retention efforts. ... Read full article

Tens of millions of dollars of M&A costs and a decline in mortgage activity offset higher loan income in the first quarter at the two banks, which also offered a timeline for their rebranding and shareholder votes. ... Read full article

The two banks will each give $15 million to the Foundation for the Carolinas, which supports affordable housing development in Mecklenburg County. ... Read full article

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. ... Read full article

The North Carolina company was hit with a tax penalty tied to its purchase of Chattahoochee Bank of Georgia. ... Read full article

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis. ... Read full article

The Federal Reserve and Federal Deposit Insurance Corp. will hold two public meetings on BB&T's planned purchase of SunTrust to consider the deal's impact on the U.S. banking system ... Read full article

The regional bank, which recently agreed to buy SunTrust, is co-developing a game to help elementary-school kids learn to read. ... Read full article

The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. Banking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC. ... Read full article

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again. ... Read full article

It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing. ... Read full article

American National Bankshares is trying to force the proposed American Bank & Trust to change its name. ... Read full article

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis. ... Read full article

Regional and community banks are eager to buy branches and hire top performers from the merging companies. ... Read full article