North Carolina

Tracy Grooms, formerly of Bank of America, did not stay retired long. Queens University has hired her to teach undergraduates about banking at its business school, which is named after the most famous B of A exec of all.

J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.

NewDominion Bank in Charlotte, N.C., has promised to decide on applications for certain commercial loans within three days, or pay $3,000 toward closing, in hopes of speeding its own recovery.

Carolina Bank Holdings in Greensboro, N.C., has bought back some of the preferred stock it issued through the Troubled Asset Relief Program.

Holly Schreiber will step down Wednesday as chief financial officer of 1st Financial Services in Hendersonville, N.C. She will remain as a consultant while its sale to First Citizens BancShares (FCNCA) is being completed.

Bank of America became the latest bank to announce major mortgage layoffs.

Premier Commercial Bank in Greensboro, N.C., has held a beach-theme office party, brown-bag lunches on weighty matters like the cost of health insurance, and other special events to stand out in its market. It works.

The Federal Reserve Board has unanimously approved acquisitions by Hana Financial Group in Seoul, Korea, and Live Oak Bancshares in Wilmington, N.C.

VantageSouth Bancshares (VSB) in Raleigh, N.C., has sold $38.1 million in subordinated debt.

Carolina Alliance Bank (CRLN) in Spartanburg, S.C., has agreed to buy Forest Commercial Bank in Asheville, N.C.

First Citizens Bancshares (FCNCA) turned stronger credit quality, higher mortgage income and lower foreclosure costs into a 17% gain in profits last quarter.

Crescent Financial Bancshares of Raleigh, N.C., is going to transfer its stock listing from the Nasdaq to the New York Stock Exchange. The company also announced it will change its name to VantageSouth Bancshares.

Carolina Premier Bank hopes its blend of Southern charm and robust technology (robotic bankers, anyone?) will be a hit with residents in the nation's capital.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

nCino, which sells cloud-based bank operating software, scored a new client in Square 1 Bank of Durham, N.C.

Regulators shut down Douglas County Bank in Douglasville, Ga., and Parkway Bank in Lenoir, N.C. Between them they had assets of $425 million and will cost the Deposit Insurance Fund an estimated $105 million.

BNC Bancorp (BNCN) in Thomasville, N.C., plans to buy back its Troubled Asset Relief Program shares from investors who bought them in a Treasury Department auction last summer.

First Citizens BancShares (FCNCA) in Raleigh, N.C., postedlower third-quarter profit from the same period last yearafter recording a gain from an acquisition.

First Citizens Bank in Raleigh, N.C., is adding a service for clients in the healthcare industry.

The $1.5 billion-asset Fidelity said it plans to consolidate its existing branch in Liberty, N.C., into the newly acquired location less than a mile away.