North Carolina

With fraud rising alongside mobile deposit usage, credit union executives needed a way to solve the problem without making the process burdensome to employees and members.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

The Virginia company said that Carolina State Bank is on pace to open later this month.

Argent Financial Group will buy Live Oak's pre-need funeral trust business in a deal set to close later this year.

Frank Sorrentino, CEO of ConnectOne, says bankers who are unwilling, or unable, to invest in technology upgrades may have to find buyers as competition heats up.

The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter.

Donations to CUAid will go toward assisting credit union employees and volunteers impacted by the storm.

The question "Why do we exist?" is key to the credit union's engagement and motivation strategies.

More than $37,000 has been donated to the National Credit Union Foundation's CUAid initiative, while SECU has made a $1 million contribution to a local food bank providing relief.

Bennett Bradley, BB&T's chief digital officer, discusses how an investment in Enigma, which helps companies leverage data, fits within the regional bank's fintech strategy.

The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways.

There was no major damage reported after the storm, though one of the nation's largest credit unions was forced to temporarily shutter as many as 20 branches.

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.