News Topic: north carolina

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons. ... Read full article

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives. ... Read full article

The company recently agreed to be sold to SmartFinancial in Knoxville, Tenn. ... Read full article

Bank of America CEO Brian Moynihan and his fellow executives said they see nothing to suggest a slowdown is imminent. Their outlook was far more upbeat than that of JPMorgan chief Jamie Dimon. ... Read full article

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial. ... Read full article

The North Carolina company agreed to pay $38 million in cash for First South Bancorp. ... Read full article

Spirit Community Bank is the 15th bank to get the agency's approval this year. That list also includes Community Bank of the Carolinas, which was approved in early December. ... Read full article

David Rupp was CEO of Four Oaks Fincorp in North Carolina when it sold itself to United Community Banks last year. ... Read full article

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change. ... Read full article

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits. ... Read full article

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner. ... Read full article

Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo. ... Read full article

The North Carolina regional bank will gain four locations and $834 million in loans. ... Read full article

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $18 million. The group has to bring in at least $25 million. ... Read full article

The Virginia company said that Carolina State Bank is on pace to open later this month. ... Read full article

Argent Financial Group will buy Live Oak's pre-need funeral trust business in a deal set to close later this year. ... Read full article

Frank Sorrentino, CEO of ConnectOne, says bankers who are unwilling, or unable, to invest in technology upgrades may have to find buyers as competition heats up. ... Read full article

The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter. ... Read full article