North Carolina's Centura Bank has a deal to sell its technology leasing subsidiary to a Virginia company for about $36.5 million in cash and stock.

Centura, based in Rocky Mount, will sell CLG Inc. to Herndon-based MLC Holdings Inc. CLG, which is based in Raleigh, N.C., and has $94.5 million of assets, leases primarily to high-tech companies in the Southeast. MLC would pay Centura $33.5 million in cash and $3 million in its common stock. The deal is expected to close at the end of this month.

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