A key domino in North Carolina bank consolidation appears to have finally tipped, after Yadkin Financial (YDKN) and VantageSouth Bancshares (VSB) finally agreed on a long-rumored merger valued at $300 million.

Smaller banks in the state have been warming up to meaningful M&A. But recent deals have been relatively small, including purchases by BNC Bancorp (BNCN) in High Point, NewBridge Bancorp (NBBC) in Greensboro and HomeTrust Bancshares (HTBI) in Asheville.

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