State Coverage: North Carolina

HomeTrust in N.C. Plans to Go Public

HomeTrust Bank in Asheville, N.C., will convert from a mutual thrift to a stock-owned bank in order to raise capital for future organic growth and possible acquisitions within North Carolina.

Lumbee Guaranty to Buy Branches in N.C. from New Century

New Century Bancorp in Dunn, N.C., has agreed to sell two of its branches to Lumbee Guaranty Bank in Pembroke, N.C.

East Carolina Bank Conducts Near-Complete IT Makeover

The bank's core overhaul touches almost every area of the bank, from security to CRM to mobile.

FNB United in North Carolina Regains Nasdaq Compliance

FNB United Corp. in Asheboro, N.C., has met the requirements for continued listing on the Nasdaq after completing a one-for-100 reverse common stock split.

Piedmont Extends Offer to Buy Up More Crescent Shares

Piedmont Community Bank Holdings Inc. in Raleigh, N.C., wants to up its ownership stake in Crescent Financial Corp. of Cary, N.C., and is giving Crescent shareholders more time to mull its offer.

Closed for Business

Greystone Bank in Raleigh, N.C., is one small loan away from a rare voluntary liquidation.

First Citizens Executive Named a Fed Director

Ed Willingham, president of the North Carolina company, was elected a director of the Richmond Fed.

Park Sterling Renames Acquired Branches

The names of 18 former CapitalBank branches in South Carolina have been changed to Park Sterling Bank.

Waccamaw Shares Removed from the Nasdaq

Waccamaw Bankshares Inc.'s stock was delisted from the Nasdaq after the company said it could not complete its delinquent financial statements.

BNC Bancorp to Shutter Four Blue Ridge Branches

BNC Bancorp in Thomasville, N.C., announced Wednesday that it would close four of the 10 branches it inherited last month when it acquired the failed Blue Ridge Savings Bank of Asheville, N.C.

Bank Buyers to Sellers: Get Real on Price

Four community bankers on the hunt for acquisitions warned prospective sellers that they will have little say in how much they get paid.

Park Sterling in North Carolina Gets Closer to Buying Neighboring Bank

Park Sterling Corp. in Charlotte, N.C., said it expects to complete its acquisition of Community Capital Corp. in Greenwood, S.C., next week.

Troubled Waccamaw Selling 11 Branches to N.C. Rival

In a bid to raise fresh capital, ailing Waccamaw Bankshares Inc. in Whiteville, N.C., is selling eight of its branches in North Carolina and three in South Carolina to rival First Bancorp in Troy, N.C.

Piedmont's Deal for Stake in Crescent Approved

Piedmont Community Bank Holdings Inc. in Raleigh, N.C., said Monday that it received regulatory approval to buy a majority stake in Crescent Financial Corp. for $75 million.

FNB Takes Crucial Step Toward Finishing Unusual Deal

FNB United Corp. has completed its acquisition of Bank of Granite Corp., part of the unprecedented merger of two ailing banks in North Carolina.