North Carolina

HomeTrust Bancshares in Asheville, N.C., has adopted a so-called "tax preservation plan," which is designed to protect a company's deferred tax assets during a lengthy period of operating losses.

BNC Bancorp in High Point, N.C., has completed its acquisition of KeySource Financial nearly 10 months after announcing the deal.

Two banks that are majority-owned by Piedmont Community Bank Holdings in Raleigh, N.C., have agreed to merge.

Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.

First Citizens BancShares (FCNCA) in Raleigh, N.C., posted strong second-quarter results because of higher net interest income and a lower loan-loss provision.

BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.

The Asheville, N.C., company posted a net loss after its loan-loss provision ballooned. The loss comes just months after activist investor Stilwell Group disclosed that it had started buying shares in the company.

The Federal Reserve Board entered into a written agreement with Macon Bancorp that requires the Franklin, N.C., company to serve as a source of strength to its bank.

A lawsuit has been filed against Peoples Bancorp of North Carolina (PEBK) alleging that the Newton company failed to operate its overdraft program in line with its customer account agreement.

A shareholder group that includes a former ECB director has urged directors of the Engelhard, N.C., company to remove Dwight Utz as president and chief executive.

Regulators shuttered four banks Friday evening — totaling $676 million of assets — that combined are estimated to cost the Federal Deposit Insurance Corp. about $80 million.

Shareholders frown on United Financial's all-stock deal for healthy bank in good market.

FNB United (FNBN) in Asheboro, N.C., is planning to sell up to two million shares of its common stock in a move that could net it close to $60 million of fresh capital.

The Federal Reserve Board has entered into written agreements requiring two holding companies to serve as sources of strength for their community banks.

Armed with fresh capital from its new ownership group, Crescent Financial Bankshares in Raleigh, N.C., has reported its first profitable quarter in two years and said it has won approval from regulators to resume divided payments on both trust-preferred securities and shares issued to the Treasury Department under the Troubled Asset Relief Program.

In a complex move, BNC Bancorp (BNCN) in High Point, N.C., is seeking to change its private equity partner's ownership position in order to boost its capital levels.

The Treasury Department has not said if it intends to auction off more stakes it owns in community banks, but Yadkin Valley Financial (YAVY) in Elkin, N.C., wants to be ready in case it does.

Shares of Yadkin Valley Financial (YAVY) jumped nearly 10% Friday after an analyst identified the company as a possible "takeover target."

More than 20 banks in the state are still in the Treasury Department's program with limited options to get out. Selling could be the best solution, industry observers say.

CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.