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.
Thursday, June 5, 2014
Bank of North Carolina makes another acquisition
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