Friday, January 27, 2012

N.C. bank expands in Charlotte

A growing High Point bank has established its first branch in Charlotte and begun construction on a second, which will become its regional headquarters.

Bank of North Carolina opened a branch near Carmel Road and N.C. 51 about two weeks ago, shortly after work started on a 12,000-square-foot space in SouthPark. That location, which will be finished in October, will serve as the bank's southern region headquarters, regional executive Rob Ellenburg said.

"It's been really good to get that dirt turning and go from there," he said.

Bank of North Carolina, part of BNC Bancorp, has been expanding in recent years, adding new N.C. branches and buying a failed bank in Myrtle Beach. In June 2010, it landed a $35 million investment from New York private-equity firm Aquiline Capital Partners, where former Wachovia chief executive Ken Thompson is a senior adviser. Thompson now sits on BNC Bancorp's board of directors.

The new Charlotte branches join an existing commercial lending office on Fairview Road, which has eight employees, mostly commercial lenders, loan assistants and private bankers, Ellenburg said.

Bank of North Carolina, which has about $2.2 billion in assets, plans to grow further in the region, likely adding "spokes in the wheel" around the SouthPark location, he said.

The bank's other locations in the area include branches in Mooresville, Concord, Harrisburg and Salisbury.

6 comments:

Anonymous said...

I had my loan originated through them and they're awesome to deal with!

Anonymous said...

I'm pretty sure there is a branch right on sharon amity between randolph road and providence road, may want to do a little more research.

Andrew Dunn said...

Anonymous 2:38, I believe you're referring to the North Carolina Bank and Trust that's there. Similar name, but they're different companies.

Anonymous said...

@ 2:38

That is North Carolina Bank and Trust.

Anonymous said...

If Ken Thompson is involved with this Bank you better guard your money. HE personally is responsible for the demise of Wachovia. WHAT A CROOK! He should be in jail for what he did to a good bank and it's stockholders.

Anonymous said...

I agree on the Ken Thompson point. Like BofA w/ Countrywide he should have been smarter about his due diligence with Golden West - he, like Lewis only focused on gobbling up market share. And now he's focused on growing a mortgage company... whoever's watching over that piece for him he'd better dot the i's and cross the t's.