Carolina Alliance Bank in Spartanburg, S.C., has agreed to buy the operations of a local commercial leasing office.
The seller is Dave McBride Leasing, which the $251 million-asset Carolina Alliance will retain as the manager of its leasing business in South Carolina.
A purchase price was not disclosed.
The deal "adds scale to our leasing operations, allowing for certain operating efficiencies and possible service and revenue enhancements in the future," John S. Poole, the bank's chief executive, said in a press release Monday.
Carolina Alliance operates six branches in western North Carolina and in South Carolina.