News Topic: north carolina

First Horizon CEO Bryan Jordan explains why he thinks policymakers will change the $50 billion asset cutoff and justify the regional bank's big acquisition. ... Read full article

The acquisition will make the Tennessee company one of the biggest banks in the Southeast with more than $40 billion in assets. ... Read full article

Richard Moore, CEO of First Bancorp in North Carolina, believes he can unlock more shareholder value through acquisitions and by taking advantage of disruption elsewhere. ... Read full article

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter results by $441,000. ... Read full article

First Bancorp has emerged as one of the few consolidators in North Carolina at a time when many other banks in the state have opted to sell. ... Read full article

TowneBank's acquisition of Paragon Commercial Bank would give it access to several North Carolina markets. ... Read full article

The acquisition will provide South State with more than $3 billion in assets and a larger operation in North Carolina. ... Read full article

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina. ... Read full article

The North Carolina company reported lower net income from a year earlier after extinguishing nearly $3 billion in FHLB advances. BB&T also reported more regulatory charges as it deals with a consent order. ... Read full article

Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks. ... Read full article

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity. ... Read full article

Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO. ... Read full article

Scott Custer resigned as a director and paid consultant to F.N.B. days after the Pittsburgh company bought Yadkin to enter North Carolina. ... Read full article

Capital Bank Financial in Charlotte is working with advisers to explore a sale after receiving an unsolicited approach, people familiar with the matter said. ... Read full article

Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal. ... Read full article

West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year. ... Read full article

The $1.9 billion deal – the largest announced in 2017 – will create a bank with nearly $20 billion in assets. ... Read full article

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville. ... Read full article