ECB Bancorp (AMEX:ECBE) has been upgraded by TheStreet Ratings from a hold to buy.
Pimcos' New Opportunistic Bank Fund swoops down on a small North Carolina lender.
What other explanation can there be for Pimco buying a stake in a troubled North Carolina bank?
An investment fund managed by Pimco is trying to obtain regulatory approval to buy ECB Bancorp, Reuters reports.
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