Perpetual State Bank has realized its impossible dream.

After enduring a year and a half of regulatory hurdles in its efforts to position itself for a possible sale, the $47 million-asset community bank in Lexington, N.C., signed a deal last week with Fidelity Bank of Fuquay- Varina, N.C.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.