Park Sterling Corp. in Charlotte, N.C., said it expects to complete its acquisition of Community Capital Corp. in Greenwood, S.C., next week.
Park Sterling said in a press release Wednesday that Community Capital shareholders approved the merger earlier this week. CapitalBank is expected to merge into Park Sterling bank in December.
With the acquisition Park Sterling would have more than $1.2 billion in assets, $903 million of deposits and 21 branches in North Carolina and South Carolina.
Park Sterling agreed in March to pay $32.4 million in cash and stock for Community Capital.
