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There were a lot of deals last month involving larger community banks, and prices rose nearly 60% from a year earlier. The results will only feed more of those kinds of transactions.
February 3 -
VantageSouth Bancshares (VSB) in Raleigh, N.C., and Yadkin Financial (YDKN) in Elkin, N.C., are merging.
January 27
VantageSouth Bancshares (VSB) in Raleigh, N.C., has redeemed all outstanding shares issued to the Treasury Department under the Troubled Asset Relief Program.
The $2.2 billion-asset company said in a press release Wednesday that it paid $42.8 million to redeem preferred stock issued to the Treasury in January 2009. VantageSouth was among the top 10 institutions with the biggest remaining amounts of outstanding Tarp debt, according to the Treasury.
VantageSouth funded the repurchase with a $47 million private placement. The redemption was part of a