ROCKY MOUNT, N.C. -- Centura Banks Inc. said it agreed to acquire Robeson Savings Bank Inc.

Shareholders of Robeson, based in Lumberton, N.C., will receive 0.844 share of Centura common stock for each common share. The merger is expected to be completed by yearend.

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.