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CommunityOne Bancorp in Charlotte, N.C., has agreed to buy a branch in Lenoir, N.C., from CertusBank.
March 31 -
Atlantic Coast Financial in Jacksonville, Fla., has been released from an enforcement action that required it to improve its capital ratios.
March 31 -
The $317 million-asset State Bank said in a press release Tuesday that it will sell the Yuma, Ariz., branch along with $17 million in deposits and $18 million in loans for roughly $750,000.
March 31
Carolina Bank Holdings in Greensboro, N.C., has raised $15.1 million through a private placement of convertible preferred stock.
The $680 million-asset company said in a press release Tuesday that it sold 15,500 shares of preferred stock to unnamed institutional investors. Each share will convert to 100 shares of common stock should shareholders approve the conversion at this year's annual meeting.
Carolina Bank said that net proceeds of roughly $14.1 million would be used to redeem another series of preferred stock and other general corporate purposes.
"We believe this [private placement] reflects the market's confidence in our company and management team," Robert Braswell, Carolina Bank's president and chief executive, said in the release, adding that the "transaction will further strengthen our capital position and enhance our ability to capitalize on the opportunities ahead of us."