The Online Investor
Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 1:24 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #96. BNC Bancorp South Street Financial Corp.

Acquirer: BNC Bancorp (BNCN)
Acquiree: South Street Financial Corp.
Details: BNC Bancorp (NASDAQ: BNCN), the parent company of Bank of North Carolina ("BNC" or "the Bank"), today announced the successful completion of its merger with South Street Financial Corp. ("South Street"), the parent company of Home Savings Bank of Albemarle, Inc. SSB ("Home Savings"), thereby expanding BNC's presence in Stanly and Montgomery Counties in the Charlotte, North Carolina Metropolitan Area.

BNC Bancorp is a bank holding company. Through its subsidiary, Bank of North Carolina (the Bank), Co. provides a range of banking services. Co. is mainly engaged in accepting deposits from the general public and using those deposits, together with other funding from its lines of credit, to make primarily consumer and commercial loans. Co. also provides other banking services, including products such as checking and savings accounts. At Dec 31 2016, Co., through the Bank, operated 76 banking offices, including 41 branches in North Carolina, 26 branches in South Carolina and nine branches in Virginia. At Dec 31 2016, Co. had total assets of $7.40 billion and total deposits of $6.08 billion.

Open the BNCN Page at The Online Investor »

Company Name: 
BNC Bancorp
Website: 
www.bncbanking.com
Sector: 
Banking & Savings
 

Open the BNCN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree BNCN Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.57 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Financial M&A - Slide 96 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.