VantageSouth in N.C. Discloses President's Resignation

VantageSouth Bancshares (VSB) in Raleigh, N.C., announced that its president will resign.

Dwight Utz will also resign as chairman of the $2 billion-asset VantageSouth Bank, effective Friday, the company said in a regulatory filing. Utz, who joined VantageSouth following its April acquisition of ECB Bancorp in Englehard, N.C., will "pursue other career opportunities," the filing said.

Utz served as ECB's president and chief executive from July 2009 until its sale to VantageSouth.

The filing did not say whether Scott Custer, VantageSouth's chief executive, would become the company's president.