Thursday, June 5, 2014

Bank of North Carolina makes another acquisition

BNC Bancorp, the parent company of Bank of North Carolina, announced Thursday that it has agreed to buy Charleston-based Harbor National Bank in an all-stock deal worth $50.6 million.

Harbor has $306 million in assets and four branches in Charleston and Mount Pleasant, S.C. The deal will bring High Point-based BNC to a round $4 billion in assets.

Buying Harbor will also bring Bank of North Carolina into the top 10 in market share in the Charleston metro area.


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