north carolina

Investor group buys, recapitalizes North Carolina bank

05/07/19

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

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Bigger is better, BB&T-SunTrust chiefs assure skeptics

04/25/19

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.

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Buyout drama in N.C. highlights flaw in MOE deals

04/24/19

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

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First Citizens plays disruptor role with agreement to buy N.C. bank

04/24/19

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.

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Charlotte bound: U.S. Bank expanding into hometown of BofA, BB&T-SunTrust

04/22/19

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.

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BB&T and SunTrust vow to minimize employee, client defections

04/18/19

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.

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What BB&T, SunTrust have spent on their merger efforts

04/18/19

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.

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BB&T, SunTrust pledge $30M for affordable housing in Charlotte

04/05/19

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

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Ex-Congressman's Russian bank loses license over money laundering

04/05/19

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.

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Entegra settles with adviser over unexpected merger expense

04/04/19

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

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