North Carolina

Four Oaks Bank & Trust in Four Oaks, N.C., said its May 2011 enforcement action has been replaced with a more lenient agreement that requires it to address governance issues and other matters.

ASB Bancorp in Asheville, N.C., has received its second challenge in less than a month from an activist investor. The latest seeks a sale of the company.

ASB Bancorp in Asheville, N.C., is facing a potential proxy fight from New Jersey activist investor Lawrence Seidman.

State Employees' Credit Union said it reached the two million-member milestone in June through "steady growth and a service-driven focus."

HomeTrust Bancshares in Asheville, N.C., has hired PNC Financial Services Group banker Kristin Powell as co-director of mortgage lending.

HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.

The Fed determined that the purchase of Susquehanna Bancshares, which would push BB&T's assets above $200 billion, will not pose a threat to the U.S. financial system. The approval could give more regional banks confidence to pursue bigger acquisitions.

Yadkin Financial in Elkin, N.C., will pay its former leader $2.2 million over the next year as part of an ongoing management transition.