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Park Sterling in Charlotte, N.C., has agreed to buy First Capital Bancorp in Glen Allen, Va.
October 1 -
First Capital was on Jim Cherry short list of recapitalization targets before the ex-Wachovia executive raised more than $150 million to rebuild Park Sterling in Charlotte. Park Sterling eventually agreed to buy First Capital earlier this month.
October 27
The chief executive of First Capital Bancorp in Glen Allen, Va., plans to resign, about a month after the company agreed to sell itself.
The $623 million-asset First Capital has named Robert Watts Jr. acting CEO, after John Presley said he's leaving to become CEO of Lumber Liquidators Holdings in Toano, Va. Watts' appointment is effective Nov. 13.
First Capital last month
Presley has been First Capital's CEO since 2008, leading the company through a recapitalization.
Watts is currently president and CEO of the company's subsidiary, First Capital Bank. He's been with First Capital since 2000, after working at the Bank of Richmond.