State Coverage: North Carolina
North Carolina Bank Reports $10M Loss
American Banker | Mar 16First Financial Services Corp. in Hendersonville, N.C., reported a $9.9M fourth-quarter loss, six times the $1.6M loss it posted in the same period a year earlier.
Facing Nasdaq Delisting, Some Go the DIY Route
American Banker | Mar 15In recent weeks some bank stocks have been delisted for failing to meet the market's $1 minimum bid price requirement, and as Nasdaq cracks down, other banks are choosing to ...
Private Equity-Backed Piedmont Eyes Buyouts
American Banker | Feb 10Three months after stepping down as the CEO of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.
Bank of Granite Gets Nasdaq Nod
American Banker | Feb 4Bank of Granite Corp. of Granite Falls, N.C., said Wednesday that the Nasdaq stock market notified it that it now complies with the exchange's listing rules.
FDIC Oversight in Three Failures Faulted
American Banker | Jan 11A new round of watchdog reports says the Federal Deposit Insurance Corp. could have been tougher in regulating three community banks that later closed.
Four Oaks Acquires Nuestro Banco
American Banker | Jan 4Four Oaks Fincorp Inc., the holding company for Four Oaks Bank and Trust Co. of Four Oaks, N.C., announced Monday that it completed the acquisition of Nuestro Banco on Dec. 31.
Top Line Gets Top Priority with New Executive Title
American Banker | Dec 12Like so many others, East Carolina Bank in Englehard, N.C., wants to increase revenue and market share. But it is going about it in a new way.
N.C.'s Capital Bank Attracts PE Investor
American Banker | Dec 14Capital Bank of Raleigh said Monday that it has a letter of intent to sell a 9.9% stake to Patriot Financial Partners as part of an offensive capital raise.
Capital's Not the Half of It: Woes of Start-Ups
American Banker | Jul 16A handful of bank start-ups have managed to overcome tight capital markets, increased regulatory scrutiny and a soured public perception of the banking industry, and the organizers who have succeeded say it has not been easy.
Unloading Continues at Capitol
American Banker | Jul 17The wounded Capitol Bancorp is continuing its bank sell-off. In its third deal this week, the company said it has agreed to sell its Community Bank of Rowan in North Carolina ...
North Carolina Bank Loan-Loss Warning
American Banker | Jul 1Southern Community Financial in Winston-Salem warned Tuesday that its provision for loan losses would increase to $6M in the 2Q because of accelerated chargeoffs.
A Second Helping of Tarp Lands on Yadkin's Plate
American Banker | Jun 24Such funds hadn't been a motivation for a deal between two N.C. banks, which was announced in September '08. American Community subsequently applied for Tarp, but William A. Long, Yadkin Valley's CEO said, "I don't imagine they are receiving that."
Total Failures Rise to 40
American Banker | Jun 22State regulators closed Cooperative Bank in Wilmington, N.C., and Southern Community Bank in Fayetteville, Ga. Later, the OCC shuttered First National Bank of Anthony, Kan.
North Carolina Banks Have a Deal
American Banker | Jun 5Carolina Trust Bank in Lincolntown, N.C., has a deal to buy Carolina Commerce Bank in Gastonia, N.C., for $5.5 million in stock.
Hispanic-Focused Bank to Sell to N.C. Neighbor
American Banker | May 1Four Oaks Fincorp Inc. in North Carolina has agreed to buy Nuestro Banco in Raleigh for about $2.7 million in stock.
