North Carolina

First Bancorp in Southern Pines, N.C., and First Community Bancshares in Bluefield, Va., have agreed to exchange branches in two states.

CommunityOne Bancorp entered 2015 with hopes of buying banks and nonbanks. Shortly after whiffing on several deals, the North Carolina company ended up selling itself to Capital Bank Financial.

Banks are generally selling for less than they did before the financial crisis. Yet there have been select instances in which buyers have been willing to pay significant premiums to sellers' tangible book values. Here are the highest premiums since January 2015 for deals valued at $100 million or more.

Park Sterling in Charlotte, N.C., has hired Donald Truslow as its next chief financial officer.

The company plans to eliminate an unknown number of positions, including high-paying job titles such as managing director.

First Citizens BancShares in Raleigh, N.C., said Wednesday that its fourth-quarter profit fell 32.1% from a year earlier, to $42.7 million.

At least five regional banks on Thursday discarded concerns about the global economy, stocks, interest rates and credit quality, forecasting loan growth for the rest of this year.

ASB Bancorp in Asheville, N.C., has agreed to appoint to its board the activist investor Lawrence Seidman and another representative picked by Seidman.

BB&T in Winston-Salem, N.C., posted lower quarterly results that largely reflected lower fee income and costs tied to recent acquisitions.

Four Oaks Fincorp in Four Oaks, N.C., has refinanced $11.5 million in subordinated debt.