Two executives have sued Capital Bank Financial in Coral Gables, Fla., saying a company that it bought last fall violated their change-in-control agreements.

The seller, Southern Community Financial in Winston-Salem, N.C., "unceremoniously fired" Scott Bauer and Jeff Clark last year after they refused to relinquish their rights to severance pay, according to a lawsuit the two executives filed Friday in federal court. Capital Bank played a critical role in their dismissal, the suit says.

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