North Carolina

North Carolina has lost more than 40% of its banks in the past decade, creating a new tier of larger institutions. More deals are expected to occur, raising questions about the pace of M&A and the fate of those bigger banks.

The Charlotte, N.C., company on Thursday appointed Michael White, former chairman and chief executive at DirecTV, effective immediately.

First Bancorp in Southern Pines, N.C., has agreed to buy Carolina Bank Holdings for $97.3 million, or $19.26, in cash and stock.

First Citizens BancShares in Raleigh, N.C., has terminated five of its nine loss-share agreements with the Federal Deposit Insurance Corp.

The $3.2 billion-asset Park Sterling announced this week that it will hire four commercial and industrial bankers from the $2.3 billion-asset CommunityOne Bancorp to help expand its commercial banking team in the Charlotte metropolitan area.

First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.

Yadkin Financial, a North Carolina community bank, is exploring a sale and working with Sandler O'Neill & Partners to solicit offers, according to people familiar with the matter.

First Citizens BancShares in Raleigh, N.C., has agreed to buy Cordia Bancorp in Midlothian, Va.

BB&T in Winston-Salem, N.C., plans to cut 240 jobs and close 28 branches as part of its integration of National Penn Bancshares.

Lola Hart, who oversaw the liquidation of the controversial CertusBank in South Carolina, has been hired as the chief accounting officer of Entegra Financial in Franklin, N.C.