North Carolina

First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.

M&F Bank in Durham, N.C., has named James H. Sills III as its president and chief executive.

First South Bank in Washington, N.C., has replaced a small outpost with a new full service banking office in the greater Outer Banks area.

First Bancorp in Southern Pines, N.C., posted a 20% jump in its second-quarter earnings as its provision for loan losses declined and fee income increased.

ASB Bancorp in Asheville, N.C., has repurchased a block of stock from funds tied to activist investor Joseph Stilwell.

WASHINGTON — Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary.

Peoples Bancorp (PEBK) in Newton, N.C., reported higher earnings in the second quarter than a year earlier thanks to a stronger loan portfolio.

NewBridge Bancorp (NBBC) in Greensboro, N.C., has hired six commercial bankers to run its new middle-market banking group.

Sageworks, a credit-risk management, analysis and valuation solutions provider in Raleigh, N.C., has launched a cloud-based bank and credit union data platform for banks, investors and banking industry vendors.

Bank of the Carolinas in Mocksville, N.C., has raised $46 million through a private placement. The $428 million-asset company said that it sold about 458 million shares of newly issued common stock at 10 cents each to unnamed institutional and accredited investors.

Bank of America completed a $2.1 billion bulk sale of nonperforming home loans in the second quarter, and is almost done with such dispositions, said Chief Financial Officer Bruce Thompson.

Bank of America (BAC) plans to lay off 540 more mortgage employees in Charlotte, N.C.

First Citizens BancShares (FCNCA) in Raleigh, N.C., has decided on the management team that will run the company after it buys First Citizens Bancorp. in Columbia, S.C.

NewDominion Bank in Charlotte, N.C., has opened a mortgage division as part of its comeback effort.

Highlands Bankshares (HBKA) in Abingdon, Va., has registered nearly $18 million in common and preferred stock for certain shareholders, directors and executives.

Once heavy on grey type, Bank of North Carolina's reports are now dotted with colorful graphs, charts and heat maps so that busy senior executives and board members can quickly assess things like loan data and branch profitability and keep better tabs on the integration of acquired banks.

Harwood Feffer promised to investigate claims against First Citizens Banc Corp in Ohio for agreeing to sell itself. The problem? The law firm should have been targeting First Citizens Bancorp. in South Carolina.

The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.

The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.

Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.