An Atlanta financing company is buying a troubled minority-owned bank in North Carolina and plans to expand it.

Omni Financial Services Inc. last month agreed to buy $34.6 million-asset United National Bank of Fayetteville, which has come under regulatory scrutiny because of its lending practices. The buyer and seller are both privately held.

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.