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The original bank was opened in 1968. However, in three years Yadkin Valley Bank grew significantly by the acquisition of two other regional banks (Main Street Bankshares, Inc. in June 2002, operating as "Piedmont Bank", and High Country Financial Corporation in January 2004, operating as "High Country Bank") and a mortgage broker (Sidus Financial LLC in October 2004), as well as opening new ...
First Community Bank of Southwest Florida (also operating as Community Bank of Cape Coral), Ft. Myers ... Piedmont Community Bank, Gray, Ga. 10/14/2011. Sun Security Bank, Ellington, Mo. 10/07 ...
He then became managing director of Piedmont Community Bank Holdings. [3] From 2014 to 2016, he was the budget director for North Carolina Governor Pat McCrory. [2] He then [when?] founded SharpVue Capital, a private investment firm in Raleigh. [2] For the five years before 2024, [clarification needed] he taught budgeting at Duke University. [4]
A community bank offers deposit accounts and loans mainly to local residents and businesses. Community banks are those that have under $1 billion in assets, according to the FDIC.
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
United Bankshares, Inc. (NASDAQ:UBSI) announced on Friday that it entered into a definitive merger agreement under which United would acquire Piedmont Bancorp. The exchange ratio will be fixed at ...