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BNC Bancorp in High Point, N.C., has agreed to buy Southcoast Financial in Mount Pleasant, S.C., for $95.5 million in stock.
August 14 -
Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.
February 17 -
Entregra Financial in Franklin, N.C., has filed to sell nearly $50 million in common stock as part of it planned conversion to a stock company.
March 19
Entegra Financial in Franklin, N.C., has agreed to buy two South Carolina branches from Arthur State Bank in Union, S.C.
The $919 million-asset Entegra will
The deal will give Entegra its first branches in South Carolina; Entegra will also open a branch later this year in Greenville, S.C.
Entegra converted from a mutual to a stock-owned bank in September. It was formerly named Macon Bank but decided to rename itself this year; it plans to
The deal in South Carolina would allow the $530 million-asset Arthur to return to a "well-capitalized" status without diluting shareholders, Carlisle Oxner, chief executive, said in a news release. Arthur would operate 18 branches after the sale.
Sandler O'Neill was financial adviser to Entegra, and Brooks, Pierce, McLendon, Humphrey & Leonard was legal counsel. FinPro Capital Advisors gave advice to Arthur, and Adams & Reese was legal counsel.