North Carolina

The company will pay $142 million for Carolina Alliance Bank three months after buying NewDominion in Charlotte, N.C.

Credit unions across the mid-Atlantic are bracing for Hurricane Florence, with many closing their doors and not expecting to reopen until next week.

With the large storm threatening coasts in Virginia and the Carolinas, some banks are planning to shutter branches for the rest of this week.

NAFCU has canceled its annual Congressional Caucus in Washington in advance of the storm as credit unions in the Carolinas and Virginia do what they can to prepare and, in some cases, begin evacuations.

Casey Crawford, CEO of Movement Mortgage, bought First State Bank in Virginia last year. He has since injected more capital into the bank in an effort to reinvent it.

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.

The Ohio regional will start offering advisory services to professional athletes after it buys Franklin Street Partners.

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

Fort Bragg FCU will convert to KeyStone core processing as a hosted solution in March 2019.

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis.

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares.

The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses.

A tempered forecast overshadowed solid second-quarter results at the North Carolina regional bank.

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.

One-time items included $43.2 million of second-quarter expenses related to the Capital Bank acquisition, but First Horizon executives forecast sizable savings from the deal.

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina.

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business.

The company continues to be restricted from pursuing acquisitions until the Federal Reserve lifts its enforcement order requiring it to strengthen anti-money-laundering controls.

Spirit Community Bank would be the first new bank in North Carolina since 2009.