A North Carolina mutual thrift that last winter highlighted disagreements among regulators over stock conversions has taken another step toward becoming a publicly held commercial bank.

Perpetual Savings Bank of Lexington recently raised $4.7 million in two offerings - one to members of the thrift and the second to residents of the community.

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.