North Carolina

First South Bancorp in Washington, N.C., will close three branches as part of a larger branch-restructuring plan.

Entegra Financial in Franklin, N.C., has adopted a plan to preserve the value of about $12.2 million deferred tax assets.

BNC Bancorp in High Point, N.C., has agreed to buy a local rival, High Point Bank Corp., for $141.3 million.

Peoples Bancorp of North Carolina in Newton has been hit with an enforcement action related to its compliance with anti-money-laundering laws.

The chief executive of First Capital Bancorp in Glen Allen, Va., plans to resign, about a month after the company agreed to sell itself.

BlackRock's cash-management business has agreed to manage about $87 billion in assets for Bank of America clients as it seeks to build scale in an industry grappling with money-market fund regulations.

Bank of America has agreed to pay $335 million to settle a lawsuit claiming it misled shareholders about risky mortgages and its dependence on the electronic mortgage registry known as MERS.

First Citizens Bancshares in Raleigh, N.C., reported an improvement in third-quarter profit thanks to the benefits of M&A and organic growth.

HomeTrust Bancshares in Asheville, N.C., has agreed to pay an additional $484,000 to complete its July 2013 acquisition of BankGreenville Financial.

Regions Financial in Birmingham, Ala., has acquired BlackArch Partners, a Charlotte, N.C., firm that handles M&A for middle-market companies.

Southern BancShares in Mount Olive, N.C., has agreed to buy Heritage Bankshares in Norfolk, Va.

BB&T in Winston-Salem, N.C., posted solid third-quarter results that reflected organic loan growth and its purchase of Susquehanna Bancshares in Lititz, Pa.

Yadkin Financial in Raleigh, N.C., has agreed to buy NewBridge Bancorp in Greensboro, N.C.

Atlantic Capital Bancshares in Atlanta has hired the former chief financial officer at Square 1 Financial in Durham, N.C., to fill the same post.

BB&T in Winston-Salem, N.C., has agreed to acquire a stake in Miller Insurance Services, a Lloyd's market broker.

Park Sterling in Charlotte, N.C., has agreed to buy First Capital Bancorp in Glen Allen, Va.

Bank of America plans to lay off about 200 employees in global banking and markets, the Wall Street Journal reported Tuesday.

Four Oaks Fincorp in Four Oaks, N.C., has named Deanna Hart chief financial officer of the company and its bank.

Wade Reece has announced his plans to retire after 25 years heading BB&T's insurance division.

Premier Financial Bancorp in Huntington, W.Va., has hired a former BB&T executive as its bank president and chief executive.