Business Services Industry
North Carolina Bank Debuts Parent Company.
Knight Ridder/Tribune Business News, December, 2002
By Richard Craver, High Point Enterprise, N.C. Knight Ridder/Tribune Business News
Dec. 15--The Triad's newest bank holding company will debut Monday in Thomasville.
That's when Bank of North Carolina will complete the process of creating its own parent company in BNC Bancorp. The holding company's ticker symbol on the Over-the-Counter Bulletin Board will be BNCN.
The bank's shareholders approved creating BNC Bancorp at a special meeting Nov. 19. The conversion received Federal Reserve System approval Nov. 5.
"With the ever-changing climate in the banking industry, it was important for Bank of North Carolina to convert to a holding company to facilitate our growth objectives," said Swope Montgomery, the bank's president and...
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