THOMASVILLE, N.C., Nov. 23, 2011 /PRNewswire/ -- Bank of North Carolina, a wholly-owned subsidiary of BNC Bancorp (Nasdaq: BNCN), announced the consolidation of four of the ten Blue Ridge Savings Bank branches recently acquired with the Federal Deposit Insurance Corporation ("FDIC").
The restructuring of the four branches include: Stanley, Fletcher, West Asheville, North Carolina and Greer, South Carolina. This move will free up some expense that can be more efficiently deployed to expand the full array of products and services, both retail and commercial, in the new Western North Carolina footprint.
"The comprehensive evaluation of our branches is an opportunity to ensure we are making the best decisions for our customers, employees, shareholders and community. We will continue to analyze growth opportunities and make tactical decisions to strengthen the Bank's success," commented Bank of North Carolina President & Chief Operating Officer, Richard D. Callicutt.Callicutt added, "We continually evaluate each of our markets to maintain our vision for a results-oriented institution with a focus on our customers and communities. Our intent is to achieve higher levels of performance and efficiency while maximizing value for our Company. We have worked closely with the FDIC to insure that each of the customers in these offices will continue to have convenient access to other Bank of North Carolina branches. " Bank of North Carolina expects the affected branches to be closed by the end of fourth quarter. SOURCE BNC Bancorp
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV