North Carolina

Citizens South Banking Corp. of Gastonia, N.C., has raised $15 million to help finance its takeover of the failed Bank of Hiawassee.

First Financial Services Corp. in Hendersonville, N.C., reported a $9.9 million fourth-quarter loss, six times the $1.6 million loss it posted in the same period a year earlier.

In recent weeks some bank stocks have been delisted for failing to meet the market's $1 minimum bid price requirement, and as Nasdaq cracks down, other banks are choosing to delist voluntarily before they get kicked out.

Three months after stepping down as the chief executive of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.

Bank of Granite Corp. of Granite Falls, N.C., said Wednesday that the Nasdaq stock market notified it that it now complies with the exchange's listing rules.

A new round of watchdog reports says the Federal Deposit Insurance Corp. could have been tougher in regulating three community banks that later closed.

Four Oaks Fincorp Inc., the holding company for Four Oaks Bank and Trust Co. of Four Oaks, N.C., announced Monday that it completed the acquisition of Nuestro Banco on Dec. 31.

Capital Bank Corp. of Raleigh said Monday that it has a letter of intent to sell a 9.9% stake to Patriot Financial Partners LP, a private-equity firm in Philadelphia, as part of an offensive capital raise.

Like so many others, East Carolina Bank in Englehard, N.C., wants to increase revenue and market share. But it is going about it in a new way.