Bank of The Carolinas Corp. (BCAR) 0.1365 $BCAR
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Bank of the Carolinas Corporation Concerning its Proposed Sale to Bank of the Ozarks, Inc.
Business Wire - Fri May 08, 5:06PM CDT
The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Bank of the Carolinas Corporation (OTCMKTS:BCAR) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Bank of the Carolinas to maximize shareholder value before agreeing to be acquired by Bank of the Ozarks, Inc. (NASDAQ: OZRK).
OZRK: 42.03 (-0.53)
Bank of the Ozarks and Bank of the Carolinas sign definitive merger agreement for about USD64.7m
M2 - Thu May 07, 9:08AM CDT
Bank of the Ozarks Inc (OXRK) (NASDAQ:OZRK) and Bank of the Carolinas Corporation (BCAR) (OTC Pink:BCAR) jointly disclosed on Wednesday that a definitive agreement and plan of merger and reorganization (agreement) was signed by both companies, whereby OZRK will acquire BCAR and its wholly-owned bank subsidiary, Bank of the Carolinas, in an all-stock transaction valued at about USD64.7m or about USD0.14 per BCAR share, subject to potential downward adjustments under the agreement.
OZRK: 42.03 (-0.53)
Bank of the Ozarks, Inc. and Bank of the Carolinas Corporation Enter into Definitive Merger Agreement
Business Wire - Wed May 06, 3:05PM CDT
Bank of the Ozarks, Inc. (NASDAQ: OZRK) and Bank of the Carolinas Corporation (OTC Pink: BCAR) jointly announced today the signing of a definitive agreement and plan of merger and reorganization ("Agreement"
whereby Bank of the Ozarks, Inc. ("OZRK" will acquire Bank of the Carolinas Corporation ("BCAR" and its wholly-owned bank subsidiary, Bank of the Carolinas, in an all-stock transaction valued at approximately $64.7 million, or approximately $0.14 per BCAR share, subject to potential downward adjustments as described in the Agreement. Closing of the transaction is expected to be immediately accretive to OZRK's book value per common share and its tangible book value per common share. The transaction is expected to be neutral to slightly accretive to OZRK's diluted earnings per common share, excluding transaction costs, for the first twelve months after the transaction closes.
OZRK: 42.03 (-0.53)
Bank of the Carolinas Corporation Reports Effectiveness of Resale Registration Statement
PR Newswire - Sat Dec 20, 12:00PM CST
Bank of the Carolinas Corporation (OTCQB: BCAR) today reported that the Securities and Exchange Commission declared effective the company's registration statement on Form S-1 relating to the resale of up to 458,132,991 shares of the company's common stock by certain selling stockholders. The company registered these shares to satisfy contractual commitments it made in connection with a private placement on July 16, 2014 of approximately $45.8 million in common stock to certain institutional investors and other accredited investors at a sales price of $0.10 per share.
Bank of the Carolinas Corporation Reports Third Quarter Financial Results
PR Newswire - Fri Nov 07, 3:30PM CST
Bank of the Carolinas Corporation (OTCQB: BCAR) today reported financial results for the three- and nine-month periods ended September 30, 2014.
Bank of the Carolinas Corporation Board Elects Glick as Chairman
PR Newswire - Tue Oct 28, 3:45PM CDT
The board of directors of Bank of the Carolinas Corporation (the "Company" (OTCQB: BCAR) and its wholly owned subsidiary, Bank of the Carolinas (the "Bank", have appointed Harvey L. Glick as a director and elected him as chairman. The board was introduced to Mr. Glick during the course of the Company's recent $45.8 million capital raise. Mr. Glick participated in the capital raise and was instrumental to its success.
CARO: 14.00 (+0.12)
Bank of the Carolinas Corporation Announces Annual Meeting Date
PR Newswire - Mon Sep 29, 3:30PM CDT
Bank of the Carolinas Corporation (OTCQB: BCAR), the holding company for Bank of the Carolinas, announced that it will hold its annual meeting of shareholders on December 4, 2014.
Bank of the Carolinas Corporation Completes $45.8 Million Private Placement
PR Newswire - Wed Jul 16, 3:15PM CDT
Bank of the Carolinas Corporation (the "Company" (OTCQB: BCAR) announced the successful completion of the private placement of 458,132,991 shares of newly issued common stock at a price of 10 cents per share to institutional and accredited investors. The Company intends to use the proceeds of the private placement to repurchase preferred stock and other obligations of the Company, and to restore its banking subsidiary to well-capitalized status.
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Bank of the Carolinas Corporation Concerning its Proposed Sale to Bank of the Ozarks, Inc.
Business Wire - Fri May 08, 5:06PM CDT
The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Bank of the Carolinas Corporation (OTCMKTS:BCAR) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Bank of the Carolinas to maximize shareholder value before agreeing to be acquired by Bank of the Ozarks, Inc. (NASDAQ: OZRK).
OZRK: 42.03 (-0.53)
Bank of the Ozarks and Bank of the Carolinas sign definitive merger agreement for about USD64.7m
M2 - Thu May 07, 9:08AM CDT
Bank of the Ozarks Inc (OXRK) (NASDAQ:OZRK) and Bank of the Carolinas Corporation (BCAR) (OTC Pink:BCAR) jointly disclosed on Wednesday that a definitive agreement and plan of merger and reorganization (agreement) was signed by both companies, whereby OZRK will acquire BCAR and its wholly-owned bank subsidiary, Bank of the Carolinas, in an all-stock transaction valued at about USD64.7m or about USD0.14 per BCAR share, subject to potential downward adjustments under the agreement.
OZRK: 42.03 (-0.53)
Bank of the Ozarks, Inc. and Bank of the Carolinas Corporation Enter into Definitive Merger Agreement
Business Wire - Wed May 06, 3:05PM CDT
Bank of the Ozarks, Inc. (NASDAQ: OZRK) and Bank of the Carolinas Corporation (OTC Pink: BCAR) jointly announced today the signing of a definitive agreement and plan of merger and reorganization ("Agreement"
whereby Bank of the Ozarks, Inc. ("OZRK" will acquire Bank of the Carolinas Corporation ("BCAR" and its wholly-owned bank subsidiary, Bank of the Carolinas, in an all-stock transaction valued at approximately $64.7 million, or approximately $0.14 per BCAR share, subject to potential downward adjustments as described in the Agreement. Closing of the transaction is expected to be immediately accretive to OZRK's book value per common share and its tangible book value per common share. The transaction is expected to be neutral to slightly accretive to OZRK's diluted earnings per common share, excluding transaction costs, for the first twelve months after the transaction closes. OZRK: 42.03 (-0.53)
Bank of the Carolinas Corporation Reports Effectiveness of Resale Registration Statement
PR Newswire - Sat Dec 20, 12:00PM CST
Bank of the Carolinas Corporation (OTCQB: BCAR) today reported that the Securities and Exchange Commission declared effective the company's registration statement on Form S-1 relating to the resale of up to 458,132,991 shares of the company's common stock by certain selling stockholders. The company registered these shares to satisfy contractual commitments it made in connection with a private placement on July 16, 2014 of approximately $45.8 million in common stock to certain institutional investors and other accredited investors at a sales price of $0.10 per share.
Bank of the Carolinas Corporation Reports Third Quarter Financial Results
PR Newswire - Fri Nov 07, 3:30PM CST
Bank of the Carolinas Corporation (OTCQB: BCAR) today reported financial results for the three- and nine-month periods ended September 30, 2014.
Bank of the Carolinas Corporation Board Elects Glick as Chairman
PR Newswire - Tue Oct 28, 3:45PM CDT
The board of directors of Bank of the Carolinas Corporation (the "Company"
(OTCQB: BCAR) and its wholly owned subsidiary, Bank of the Carolinas (the "Bank", have appointed Harvey L. Glick as a director and elected him as chairman. The board was introduced to Mr. Glick during the course of the Company's recent $45.8 million capital raise. Mr. Glick participated in the capital raise and was instrumental to its success. CARO: 14.00 (+0.12)
Bank of the Carolinas Corporation Announces Annual Meeting Date
PR Newswire - Mon Sep 29, 3:30PM CDT
Bank of the Carolinas Corporation (OTCQB: BCAR), the holding company for Bank of the Carolinas, announced that it will hold its annual meeting of shareholders on December 4, 2014.
Bank of the Carolinas Corporation Completes $45.8 Million Private Placement
PR Newswire - Wed Jul 16, 3:15PM CDT
Bank of the Carolinas Corporation (the "Company"
(OTCQB: BCAR) announced the successful completion of the private placement of 458,132,991 shares of newly issued common stock at a price of 10 cents per share to institutional and accredited investors. The Company intends to use the proceeds of the private placement to repurchase preferred stock and other obligations of the Company, and to restore its banking subsidiary to well-capitalized status. 
