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VantageSouth Bank's team of seasoned construction lenders will only target the most qualified builders in communities where demand for new homes is high, executives say.
January 14 -
VantageSouth Bank in North Carolina is taking steps to rekindle lending to home builders.
January 7
VantageSouth Bancshares (VSB) in Raleigh, N.C., has sold $38.1 million in subordinated debt.
The notes were sold to accredited investors, the $2 billion-asset company announced Wednesday. Sandler O'Neill was the placement agent.
"The subordinated debt improves our liquidity and diversifies our capital base with a cost-efficient form of regulatory capital," Terry Earley, VantageSouth's chief financial officer, said in a news release.
Crescent Financial Bancshares
On April 1, VantageSouth completed its