BNC Bancorp in High Point, N.C., has rebranded its banking unit to reflect its expansion beyond the Tarheel State.

The $7.5 billion-asset company said in a press release Tuesday that Bank of North Carolina is now BNC Bank.

The company said it will soon post new BNC Bank signage at its 83 locations throughout the Carolinas and Virginia. The firm is also launching a redesigned website.

"From our early days, 'BNC' has been used to refer to our bank and its services," Rick Callicutt, the bank's president and chief executive, said in the release. "The BNC name echoes our history while representing our expanded regional footprint."

BNC said that the rebranding comes in anticipation of the bank's 25th anniversary in December. The company also announced in a separate news release Tuesday that it completed its acquisition of High Point Bank Corp., a $141.3 million cash-and-stock deal that was announced in November 2015.

BNC has made more than 15 acquisitions since 2010. The company completed its $95.5 million purchase of $503 million-asset Southcoast Financial in Mount Pleasant, S.C., in June.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.