North Carolina

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.

In an effort to get a head start on the feeding frenzy, Malvern Federal Savings Bank in Paoli, Pa., will hold job fairs to gobble up employees laid off by BB&T in Pennsylvania.

Fidelity Bank in Fuquay-Varina, N.C., has agreed to buy a branch from First Citizens BancShares.

BB&T will close a loan-processing center in Hagerstown, Md., which it obtained from its acquisition of Susquehanna Bancshares.

First Horizon National in Memphis, Tenn., has received regulators' approval to acquire TrustAtlantic Financial, after it delayed the closing date.

Brian Moynihan, Bank of America's chairman and CEO, told investors Thursday that revenue from fixed-income and equity markets should decline by 5% to 6% in the third quarter compared with a year ago. The Charlotte, N.C., bank will continue to have a higher efficiency ratio relative to its peers because of the high costs of paying financial advisers.

FS Bancorp in Mountlake Terrace, Wash., has agreed to buy four branches in Washington from Bank of America in Charlotte, N.C.

Carolina Trust Bank in Lincolnton, N.C., has named an auto dealership executive to its board.

ASB Bancorp in Asheville, N.C., has received its second demand in less than a month to put itself on the auction block.

BB&T in Winston-Salem, N.C., plans to close 25 branches as part of its integration of National Penn Bancshares in Allentown, Pa.

The North Carolina company had made it clear it would pursue more acquisitions after closing its purchase of the $19 billion-asset Susquehanna Bancshares earlier this year.