Tuesday, January 3, 2012

Bank of North Carolina closes purchase of S.C. bank

Thomasville-based Bank of North Carolina announced Tuesday that it has completed its acquisition of South Carolina-based Regent Bank, effective on the last day of 2011.

The $10 million deal marks the first entry into the Greenville, S.C. market. In the state, the bank operates as BNC Bank.

The bank closed on its acquisition of Blue Ridge Savings Bank in the fourth quarter, and announced it was purchasing Durham-based KeySource Financial.