North Carolina

When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.

BNC Bancorp (BNCN) in High Point, N.C., has agreed to buy Harbor Bank Group in Charleston, S.C.

Bank of the Carolinas (BCAR) in Mocksville, N.C., has significantly increased its number of authorized shares at it looks to meet capital requirements tied to a regulatory order.

First Horizon National (FHN) in Memphis, Tenn., has agreed to buy 13 branches from Bank of America (BAC).

CommunityOne Bancorp (COB) in Asheboro, N.C., plans to sell stock it issued the Treasury Department as part of the Troubled Asset Relief Program.

Bankers have complained that the federal government's crackdown on their relationships with payday lenders and other merchants has gone too far, but Justice officials said in a blog post that banks that abet fraudsters' use of the payment system should be punished.

Washington Federal (WAFD) in Seattle negotiated a discount on its recent purchase of Bank of America (BAC) branches after deposits levels at those locations fell.

Bank of America CEO Brian Moynihan and Chairman Charles Holliday pledged to hold the right people responsible for the $4 billion accounting error in its capital plan that hurt shareholders — but only after they carefully study what went wrong.

First Bancorp (FBNC) in Southern Pines, N.C., saw its earnings nearly double in the first quarter from a year earlier behind higher net interest margin, lower provision for loan losses and higher fee income.

BBVA Compass has leased space in the Charlotte Chamber of Commerce building for a loan production office.

Bank of America (BAC), which last month won approval to lift its dividend for the first time since the financial crisis, said it will suspend that increase and $4 billion of planned buybacks because of an error in its capital planning.

The deal’s approval following months of uncertainty represents a significant milestone in the DOJ’s controversial Operation Choke Point probe.

Jefferson Bancshares' efforts to sell itself were marked by several fits and starts over three years, highlighting the fickle nature of consolidation since the financial crisis.

NewBridge Bancorp (NBBC) in Greensboro, N.C., is planning to retool its retail banking operations in a move that will eliminate 5% of its work force.

Aquesta Financial Holdings (AQFH) in Cornelius, N.C., reported higher earnings that benefited from loan growth.

BB&T (BBT) in Winston-Salem, N.C., narrowly missed Wall Street's first-quarter expectations because of sluggish loan growth.

Live Oak Bancshares is planning an initial public offering that could yield as much as $86 million for the Wilmington, N.C., company and its shareholders.

Four Oaks Fincorp (FOFN) in Four Oaks, N.C., could purge up to $50 million in assets with help from its newest investor.

Aquesta Bank (AQFH) in Cornelius, N.C., has formed a holding company.

BB&T (BBT) in Winston-Salem, N.C., has agreed to buy insurance agency Woodbury & Co.