Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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for "Bank mergers"
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Record #:
24189
Author(s):
Abstract:
Out of state banks are buying their way into North Carolina through mergers and acquisitions. Many smaller banks choose to join large banks as a result of the poor economy and declining profits.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 27 Issue 11, November 2007,
p36-46, il
Periodical Website
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Record #:
1276
Author(s):
Abstract:
L. Glenn Orr is chairman, president, and CEO of Southern National Corp., which recently relocated its banking headquarters from Lumberton to Winston-Salem and is in the process of completing its largest acquisition ever.
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Record #:
1217
Author(s):
Abstract:
A recent Savings and Loan buying binge in North Carolina has seen mutual thrifts offer themselves directly to larger banks. These merger-conversions are taking place because banks are making attractive offers to the board members of S&Ls.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 13 Issue 10, Oct 1993,
p32-47, il, por
Periodical Website
Subject(s):
Record #:
919
Author(s):
Abstract:
While other banks nationwide were suffering from the sluggish economy in 1992, North Carolina banks increased their earnings and extended their reach in and beyond the state by acquiring the assets and deposits of savings and loans and merging with smaller institutions.
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Record #:
2099
Author(s):
Abstract:
John Allison is CEO of the newly merged BB&T Financial Corp. and Southern National Corp. The new bank, Southern National, will be the nation's 35th- largest and have the most deposits and branches of any state bank.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 15 Issue 1, Jan 1995,
p31-37, il
Periodical Website
Subject(s):
Record #:
30627
Author(s):
Abstract:
Shares of Yadkin Financial decline after it was announced that the bank would be sold to FNB from Pittsburgh. Through the sale, Yadkin investors will own 35% of FNB.
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Record #:
43862
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Abstract:
BB&T's merger with SunTrust made it the nation's sixth largest bank in 2019. BB&T originally began in Wilson County in 1872. Currently anchored in Charlotte, the bank has faced challenges since it merger but leaders still feel good about its future strength.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 43 Issue 9, September 2023,
p58-61, il
Periodical Website
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Record #:
1878
Author(s):
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BB&T and Southern National banks have announced a merger \"of equals\" that was motivated partly by fears of hostile takeovers.
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Record #:
24190
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Abstract:
G. Kennedy Thompson runs the nation's fourth-largest bank: Wachovia. He discusses how he bought out Wachovia and other companies over the years.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 27 Issue 11, November 2007,
p48-58, il
Periodical Website
Subject(s):
Record #:
2124
Author(s):
Abstract:
Although the number of banks in North Carolina declined from 78 in 1993 to 69 in June 1994, mergers are enabling institutions to expand. Large banks can offer better services, protect themselves from takeovers, and better operate outside the state.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 15 Issue 2, Feb 1995,
p55-57, il
Periodical Website
Subject(s):
Record #:
2089
Author(s):
Abstract:
Banks merge either to avoid or to be ready for a takeover by a larger bank. The recent BB&T-Southern National merger has some in the banking business wondering if this is a prelude to a takeover by an out-of-state bank seeking a base in the state.
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Record #:
30312
Author(s):
Abstract:
New Century Bank South recently merged with New Century Bank in Fayetteville, and CEO Bill Hedgepeth believes it will help the bank become more efficient and profitable. New Century has ten branches and continues to be competitive. In 2007 the bank was ranked second in North Carolina in the United States Small Business Administration’s Top Community Bank category.
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