North Carolina

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.

The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo.

The North Carolina regional bank will gain four locations and $834 million in loans.

With fraud rising alongside mobile deposit usage, credit union executives needed a way to solve the problem without making the process burdensome to employees and members.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

The Virginia company said that Carolina State Bank is on pace to open later this month.

Argent Financial Group will buy Live Oak's pre-need funeral trust business in a deal set to close later this year.