New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 7, 2014
09:12 EDTCAROCarolina Financial's CresCom Bank to purchase 13 branches from First Community
Carolina Financial's wholly-owned bank subsidiary CresCom Bank has entered into a definitive agreement with First Community Bank, Bluefield, Virginia to acquire 13 branches with total deposits of approximately $230M and approximately $59M in loans. Three of the offices are in South Carolina and 10 are in southeastern North Carolina. The deposit premium will be approximately 3.11% of deposits acquired. Upon completion of the purchase, CresCom Bank will have 27 branch locations and approximately $1.2B in assets, $0.7B in loans, and $1.0B in deposits. The transaction is expected to be immediately accretive to Carolina Financial's EPS. The transaction is expected to close in late 2014 or early 2015.
News For CARO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for CARO

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use