This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bank Of North Carolina Announces Strategic Branch Consolidations





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").  

(Logo:  http://photos.prnewswire.com/prnh/20030917/BNCLOGO )

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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs