Bank of North Carolina

Bank of North Carolina was established on December 3, 1991. Over the years, it expanded through a series of acquisitions, including Independence Bank in Kernersville, North Carolina, in June 2002, and SterlingSouth Bank & Trust Company in Greensboro, North Carolina, in July 2006. The institution changed its name to Bank of North Carolina on April 9, 2010, coinciding with the acquisition of Beach First National Bank in Myrtle Beach, South Carolina. The bank continued to grow by acquiring several other institutions, such as Blue Ridge Savings Bank, Inc. in Asheville, North Carolina, and Regent Bank in Greenville, South Carolina, both in 2011, and additional banks across the Southeastern United States in subsequent years. Notable acquisitions included SouthCoast Community Bank in Mount Pleasant, South Carolina, on June 17, 2016, and High Point Bank and Trust Company in High Point, North Carolina, on November 1, 2016. Ultimately, on June 16, 2017, Bank of North Carolina merged with Pinnacle Bank based in Nashville, Tennessee, concluding its operations as an independent institution.

Below is a list of some important events in banks history, including mergers and acquisitions.

1991-12-03Institution established. Original name: Bank of North Carolina.

2002-06-18Acquired Independence Bank in Kernersville, NC.

2006-07-21Acquired SterlingSouth Bank & Trust Company in Greensboro, NC.

2010-04-09Acquired Beach First National Bank in Myrtle Beach, SC as part of a government assisted merger.

2010-04-09Changed Institution Name to Bank of North Carolina.

2011-10-14Acquired Blue Ridge Savings Bank, Inc. in Asheville, NC as part of a government assisted merger.

2011-12-31Acquired Regent Bank in Greenville, SC.

2012-06-08Acquired Carolina Federal Savings Bank in Charleston, SC as part of a government assisted merger.

2012-09-14Acquired KeySource Commercial Bank in Durham, NC.

2012-11-30Acquired First Trust Bank in Charlotte, NC.

2013-10-01Acquired Randolph Bank & Trust Company in Asheboro, NC.

2014-04-01Acquired Home Savings Bank of Albemarle, Ssb in Albemarle, NC.

2014-06-01Acquired Harrington Bank, Fsb in Chapel Hill, NC.

2014-12-01Acquired Harbor National Bank in Charleston, SC.

2015-07-01Acquired Valley Bank in Roanoke, VA.

2016-06-17Acquired SouthCoast Community Bank in Mount Pleasant, SC.

2016-09-30Changed Trust Powers to Full.

2016-11-01Acquired High Point Bank and Trust Company in High Point, NC.

2017-06-16Merged and became part of Pinnacle Bank in Nashville, TN.