First Bancorp
First Bancorp operates as a bank holding company for First Bank, focusing on providing a comprehensive range of banking products and services to individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. The bank offers various deposit products, including checking, savings, and money market accounts, as well as time deposits like certificates of deposit and individual retirement accounts. Additionally, First Bank provides loans for both consumer and commercial needs, covering areas such as business, real estate, personal, home improvement, and automobiles, alongside residential mortgages and small business administration loans. The company also facilitates credit and debit card services, safe deposit rentals, and electronic funds transfers, while offering internet and mobile banking solutions. Beyond traditional banking, First Bancorp provides investment and insurance products, including mutual funds, annuities, life insurance, and financial planning services. Established in 1934 and headquartered in Southern Pines, North Carolina, First Bancorp operates 101 branches within the region.
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5 past transactions
GrandSouth Bancorporation
Acquisition in 2022
GrandSouth Bancorporation is the bank holding company for GrandSouth Bank, which was established in 1998 and is headquartered in Greenville, South Carolina. The bank provides a comprehensive range of banking services for individuals and businesses, including various types of deposit accounts such as checking, savings, and money market accounts, as well as certificates of deposit and IRA accounts. GrandSouth Bank also offers a variety of loan products, including consumer loans for vehicles and home improvements, as well as commercial loans for real estate and business operations. Additional services provided by the bank include cash management solutions and online and mobile banking. GrandSouth Bank operates branches in Greenville, Fountain Inn, Anderson, Greer, Columbia, and Orangeburg, South Carolina, along with a loan production office in Charleston, South Carolina.
Select Bank & Trust
Acquisition in 2021
Select Bank & Trust is a holding company offering a broad range of retail, small business, and commercial banking products and services.
Asheville Savings Bank
Acquisition in 2017
Asheville Savings Bank is a chartered savings bank operating as a community-oriented financial institution in Asheville, North Carolina, and Buncombe County. It offers traditional financial services to consumers and businesses, including deposit products such as savings and checking accounts, certificates of deposit, money market accounts, and individual retirement accounts. The bank attracts deposits from the public and uses these funds to originate residential mortgage loans, commercial real estate loans, home equity loans and lines of credit, consumer loans, construction and land development loans, and commercial and industrial loans. Its primary focus is on serving individuals and small businesses within its local market area.
Carolina Bank
Acquisition in 2016
Carolina Bank is a full-service community bank headquartered in Greensboro, North Carolina. It provides a broad range of personal and commercial banking services, including checking and savings accounts, money market accounts, certificates of deposit, and retirement accounts, as well as various loan products. The bank engages in lending and deposit-taking activities across multiple branch locations in Greensboro and surrounding North Carolina cities, offering mortgage, residential and commercial real estate, home equity, and consumer loans to individuals and small to mid-sized businesses.
Great Pee Dee Bancorp
Acquisition in 2007
Great Pee Dee Bancorp is not an operating company and has not engaged in any
significant business to date. It was formed in September 1997 as a Delaware
corporation to be the holding company for First Federal Savings and Loan Association
of Cheraw. The holding company structure will provide us greater flexibility in
terms of operations, expansion and diversification.
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