North Carolina

PacWest Bancorp in Los Angeles has agreed to buy Square 1 Financial in Durham, N.C.

Georgia state regulators on Friday closed the $272 million-asset Capitol City Bank & Trust Co., in Atlanta, the third institution to fail this year.

Premara Financial in Charlotte, N.C., has a new chief executive.

First Horizon successfully lobbied for a lower exchange ratio for its purchase of TrustAtlantic in North Carolina after four commercial lenders left the seller to open an office for another bank.

RALEIGH, N.C. — Coastal Federal Credit Union said it has paid out in excess of $2.1 million in special dividends, earned by members through its VIP Program, making it the largest such payout in the four-year history of the program.

Numerous banks are expected to say they trimmed expenses yet again when they report fourth-quarter results in the coming weeks. But that trend may ebb soon as many executives are forced to spend on technology and to expand their businesses.

HIGH POINT, N.C. — Lorillard FCU has officially rebranded as Triad Partners FCU, a new name that, according to a statement, reflects the community the CU has served for the past 50 years.

The $2 billion-asset company said in a press release Tuesday that it sold common stock to unnamed accredited investors for $10.56 a share.

The American Bankers Association has added 12 banks to community banks indexed and listed with the Nasdaq stock exchange.

CHARLOTTE, N.C. — Dipping down into lower credit scores can help kickstart loan growth, but if it isn't done correctly, it's a solution that comes with significant risk. That's why Carolina Postal CU turned to Credit Score Analysis (CSA).

JACKSONVILLE, N.C. — Automating branch scheduling here has saved Marine Federal Credit Union more than $200,000 annually.

BNC Bancorp in High Point, N.C., has agreed to buy Valley Financial in Roanoke, Va.

HomeTrust Bancshares in Asheville, N.C., has hired a team of commercial lenders to open its first office in Raleigh, N.C.

Park Sterling in Charlotte, N.C. reported lower quarterly earnings as integration costs for a recent acquisition overshadowed solid loan growth.

Bank of the Carolinas in Mocksville, N.C., appointed Harvey Glick as chairman.

First Citizens BancShares in Raleigh, N.C. reported a significant decline in quarterly earnings due to a higher loan-loss provision and increased operating costs.

Square 1 Financial in Durham, N.C., followed a simple formula in the third quarter: loan growth equals higher profits.

First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.

BNC Bancorp in High Point, N.C., increased profits by nearly two-thirds thanks to higher net interest income and other factors.

BB&T in Winston-Salem, N.C., reported higher quarterly earnings despite flat revenue.