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ncnb.bsky.social
NCNB
@ncnb.bsky.social
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We want to be the best bank in the neighborhood.
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ncnb.bsky.social
CCB was always a respectable foe back in the day. Their 80’s ads had a jingle “CCB, We’ll help you find a way”. Solid stuff from Central Carolina Bank as always.
The Hill building in Durham, NC with CCB sign on top circa 1990s.
December 6, 2024 at 12:50 AM
ncnb.bsky.social
Fed will consider Exchange, NCNB merger Wednesday The application of North Carolina-based NCNB Corp. to acquire Exchange Bancorporation Inc. for $134 million and then merge its North Carolina and Florida bank divisions will be considered by the Federal Reserve Board Wednesday. The application was scheduled yesterday for consideration but was pulled just prior to the Fed's meeting and rescheduled for Wednesday. The Fed's action was being withheld until the Comptroller of the Currency approved the application of Exchange to merge its 11 banks into one national bank - Exchange National Bank of Tampa. Last Friday, Exchange officials were told tentative approval had been granted and formal action would be förthcoming in December. Bank of Tampa. Last Friday, Exchange officials were told tentative approval had been granted and formal action would be forthcoming in December. The regulatory delays are creating some very anxious moments for the Tampa and Charlotte bankers who are hoping to pull off the interstate banking merger before the end of the year. " Using a loophole in the state's banking laws while taking advantage of a favorable climate at the federal level toward interstate banking, NCNB Corp. has used its ownership of the Trust Company of Florida to acquire the First National Bank of Lake City and Gulfstream Banks Inc. of Boca Raton. Also, NENB officials are hoping to gain approval of their efforts to acquire the $1.3 billion Exchange bank group and the People's National Bank of Miami. *When these four Florida banking elements are firmly in the grasp of the North Carolina bank group, its officials say their plan calls for merging all of them, including the Trust Company of Florida, into NCNB Banks of Florida, a new division of the large North Carolina group.
November 25, 2024 at 4:58 PM