Latest Carolina Allnc Bk SC (CRLN) Headlines
Post# of 3
Posted On: 03/09/2014 11:46:44 AM
Latest Carolina Allnc Bk SC (CRLN) Headlines
Carolina Alliance Bank and Forest Commercial Bank Announce Shareholder Approval of Merger
Business Wire - Mon Dec 16, 3:30PM CST
Carolina Alliance Bank ("CAB") (OTCBB:CRLN) (OTCQB:CRLN) and Forest Commercial Bank ("FCB") jointly announced today that the previously announced merger under which FCB will merge with and into CAB, has been approved by both banks' shareholders. Special meetings of CAB shareholders and FCB shareholders were held on December 16, 2013 and December 10, 2013, respectively. The merger is expected to close in April of 2014, subject to receipt of regulatory approvals.
Carolina Alliance Bank and Forest Commercial Bank Announce Merger
Business Wire - Thu Aug 08, 7:00AM CDT
Carolina Alliance Bank ("CAB") (OTCBB: CRLN and OTCQB: CRLN) and Forest Commercial Bank ("FCB") jointly announced today that they have signed a definitive merger agreement. The proposed combination will create a full-service community bank serving customers principally in upstate South Carolina and western North Carolina. The combined bank will have three full-service offices located in Spartanburg, SC, Asheville, NC, and Hendersonville, NC; a loan production office in Charlotte, NC; and a proposed branch office to be located in Seneca, SC. All of the offices will operate as Carolina Alliance Bank. The bank will be headquartered in Spartanburg, SC, with senior management personnel operating from both Spartanburg and Asheville. On a combined basis, the bank will have approximately $385 million in assets, approximately $277 million in loans, approximately $314 million in deposits, and a very strong capital position of approximately $50 million. The transaction is expected to close in the first quarter of 2014, subject to receipt of regulatory approvals and the approval of the shareholders of each institution.
Carolina Alliance Bank and Forest Commercial Bank Announce Shareholder Approval of Merger
Business Wire - Mon Dec 16, 3:30PM CST
Carolina Alliance Bank ("CAB") (OTCBB:CRLN) (OTCQB:CRLN) and Forest Commercial Bank ("FCB") jointly announced today that the previously announced merger under which FCB will merge with and into CAB, has been approved by both banks' shareholders. Special meetings of CAB shareholders and FCB shareholders were held on December 16, 2013 and December 10, 2013, respectively. The merger is expected to close in April of 2014, subject to receipt of regulatory approvals.
Carolina Alliance Bank and Forest Commercial Bank Announce Merger
Business Wire - Thu Aug 08, 7:00AM CDT
Carolina Alliance Bank ("CAB") (OTCBB: CRLN and OTCQB: CRLN) and Forest Commercial Bank ("FCB") jointly announced today that they have signed a definitive merger agreement. The proposed combination will create a full-service community bank serving customers principally in upstate South Carolina and western North Carolina. The combined bank will have three full-service offices located in Spartanburg, SC, Asheville, NC, and Hendersonville, NC; a loan production office in Charlotte, NC; and a proposed branch office to be located in Seneca, SC. All of the offices will operate as Carolina Alliance Bank. The bank will be headquartered in Spartanburg, SC, with senior management personnel operating from both Spartanburg and Asheville. On a combined basis, the bank will have approximately $385 million in assets, approximately $277 million in loans, approximately $314 million in deposits, and a very strong capital position of approximately $50 million. The transaction is expected to close in the first quarter of 2014, subject to receipt of regulatory approvals and the approval of the shareholders of each institution.
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