Congaree Bancshares (CNRB) 8.3400 $CNRB
Carolina Financial Corporation Reports Results for Fourth Quarter of 2015 and Announces First Quarter Dividend
PR Newswire - Fri Jan 22, 8:00AM CST
Carolina Financial Corporation (NASDAQ: CARO) today announced net income for the three and twelve months ended December 31, 2015. Net income for the three months ended December 31, 2015 increased approximately 110% to $3.6 million, or $0.36 per diluted share, compared to $1.7 million, or $0.18 per diluted share, for the three months ended December 31, 2014. Net income for the twelve months ended December 31, 2015 increased approximately 74% to $14.4 million, or $1.48 per diluted share, compared to net income of $8.3 million, or $0.87 per diluted share, for the twelve months ended December 31, 2014.
CARO: 17.31 (+0.33)
Carolina Financial shares investor presentation following Congaree Bancshares acquisition
M2 - Tue Jan 12, 9:28AM CST
In connection with Congaree Bancshares, Inc. (OTC Pink: CNRB) merger agreement announcement, Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, has provided an investor presentation, the company said. Upon completion of the transaction of the acquisition of Congaree Bancshares, Inc. by Carolina Financial Corporation, the combined company will have approximately USD1.5 billion in assets. The transaction is anticipated to close in the second quarter of 2016, subject to customary closing conditions. Carolina Financial Corporation (NASDAQ: CARO) is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of September 30, 2015, Carolina Financial Corporation had approximately USD1.3 billion in total assets and Crescent Mortgage Company originated loans in 45 states and partnered with approximately 2,000 community banks, credit unions and mortgage brokers.
CARO: 17.31 (+0.33)
Carolina Financial to acquire Congaree Bancshares
M2 - Mon Jan 11, 7:26AM CST
Carolina Financial Corporation (NASDAQ: CARO) and Congaree Bancshares, Inc. (OTC Pink: CNRB), have signed a definitive agreement pursuant to which Carolina Financial Corporation will acquire Congaree Bancshares, Inc. in a cash and stock transaction with a total current value of approximately USD16.3 million, which includes the assumption of approximately USD1.6 million in preferred stock, the company said. Upon completion of the transaction, the combined company will have approximately USD1.5 billion in assets. Carolina Financial Corporation anticipates this transaction will be immediately accretive to earnings per share (before acquisition costs) with tangible book value per share recovered in less than three years. Under the terms of the acquisition agreement, Congaree Bancshares, Inc. shareholders will have the right to receive USD8.10 for each share of Congaree Bancshares, Inc. common stock, payable, at their election and subject to certain limitations, in cash or in shares of Carolina Financial Corporation common stock based upon a fixed exchange ratio of 0.4806. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is anticipated to close in the second quarter of 2016, subject to customary closing conditions, including regulatory approvals and Congaree Bancshares, Inc. shareholder approval. Carolina Financial Corporation is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of September 30, 2015, Carolina Financial Corporation had approximately USD1.3 billion in total assets and Crescent Mortgage Company originated loans in 45 states and partnered with approximately 2,000 community banks, credit unions and mortgage brokers. Congaree Bancshares, Inc. is a South Carolina corporation that operates as the holding company for Congaree State Bank, a state chartered banking institution headquartered in Cayce, SC. As of September 30, 2015, Congaree Bancshares, Inc. had consolidated assets of USD116.7 million, deposits of USD95.8 million and shareholders' equity of USD13.6 million.
CARO: 17.31 (+0.33)
Carolina Financial announces sharing of investor presentation related to Congaree Bancshares' acquisition agreement
M2 - Thu Jan 07, 3:05AM CST
Carolina Financial Corporation (NASDAQ:CARO) disclosed on Tuesday that in relation to Congaree Bancshares Inc (OTC Pink:CNRB) announcement of the merger agreement with Carolina on the same day, it has provided an investor presentation on its website at http://www.haveanicebank.com, under the 'Investor Relations' tab of the home page.
CARO: 17.31 (+0.33)
Carolina Financial Corporation Shares Investor Presentation Following Congaree Bancshares, Inc. Acquisition Announcement
PR Newswire - Wed Jan 06, 1:52PM CST
In connection with today's Congaree Bancshares, Inc. (OTC Pink: CNRB) merger agreement announcement, Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, has provided an investor presentation on its website at www.haveanicebank.com. The presentation can be found under the "Investor Relations" tab of the home page.
CARO: 17.31 (+0.33)
Carolina Financial Corporation Announces Agreement to Acquire Congaree Bancshares, Inc.
PR Newswire - Wed Jan 06, 8:00AM CST
Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, and Congaree Bancshares, Inc. (OTC Pink: CNRB), the parent company of Congaree State Bank, today announced the signing of a definitive agreement pursuant to which Carolina Financial Corporation will acquire Congaree Bancshares, Inc. in a cash and stock transaction with a total current value of approximately $16.3 million, which includes the assumption of approximately $1.6 million in preferred stock.
CARO: 17.31 (+0.33)
Carolina Financial Corporation Reports Results for Fourth Quarter of 2015 and Announces First Quarter Dividend
PR Newswire - Fri Jan 22, 8:00AM CST
Carolina Financial Corporation (NASDAQ: CARO) today announced net income for the three and twelve months ended December 31, 2015. Net income for the three months ended December 31, 2015 increased approximately 110% to $3.6 million, or $0.36 per diluted share, compared to $1.7 million, or $0.18 per diluted share, for the three months ended December 31, 2014. Net income for the twelve months ended December 31, 2015 increased approximately 74% to $14.4 million, or $1.48 per diluted share, compared to net income of $8.3 million, or $0.87 per diluted share, for the twelve months ended December 31, 2014.
CARO: 17.31 (+0.33)
Carolina Financial shares investor presentation following Congaree Bancshares acquisition
M2 - Tue Jan 12, 9:28AM CST
In connection with Congaree Bancshares, Inc. (OTC Pink: CNRB) merger agreement announcement, Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, has provided an investor presentation, the company said. Upon completion of the transaction of the acquisition of Congaree Bancshares, Inc. by Carolina Financial Corporation, the combined company will have approximately USD1.5 billion in assets. The transaction is anticipated to close in the second quarter of 2016, subject to customary closing conditions. Carolina Financial Corporation (NASDAQ: CARO) is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of September 30, 2015, Carolina Financial Corporation had approximately USD1.3 billion in total assets and Crescent Mortgage Company originated loans in 45 states and partnered with approximately 2,000 community banks, credit unions and mortgage brokers.
CARO: 17.31 (+0.33)
Carolina Financial to acquire Congaree Bancshares
M2 - Mon Jan 11, 7:26AM CST
Carolina Financial Corporation (NASDAQ: CARO) and Congaree Bancshares, Inc. (OTC Pink: CNRB), have signed a definitive agreement pursuant to which Carolina Financial Corporation will acquire Congaree Bancshares, Inc. in a cash and stock transaction with a total current value of approximately USD16.3 million, which includes the assumption of approximately USD1.6 million in preferred stock, the company said. Upon completion of the transaction, the combined company will have approximately USD1.5 billion in assets. Carolina Financial Corporation anticipates this transaction will be immediately accretive to earnings per share (before acquisition costs) with tangible book value per share recovered in less than three years. Under the terms of the acquisition agreement, Congaree Bancshares, Inc. shareholders will have the right to receive USD8.10 for each share of Congaree Bancshares, Inc. common stock, payable, at their election and subject to certain limitations, in cash or in shares of Carolina Financial Corporation common stock based upon a fixed exchange ratio of 0.4806. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is anticipated to close in the second quarter of 2016, subject to customary closing conditions, including regulatory approvals and Congaree Bancshares, Inc. shareholder approval. Carolina Financial Corporation is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of September 30, 2015, Carolina Financial Corporation had approximately USD1.3 billion in total assets and Crescent Mortgage Company originated loans in 45 states and partnered with approximately 2,000 community banks, credit unions and mortgage brokers. Congaree Bancshares, Inc. is a South Carolina corporation that operates as the holding company for Congaree State Bank, a state chartered banking institution headquartered in Cayce, SC. As of September 30, 2015, Congaree Bancshares, Inc. had consolidated assets of USD116.7 million, deposits of USD95.8 million and shareholders' equity of USD13.6 million.
CARO: 17.31 (+0.33)
Carolina Financial announces sharing of investor presentation related to Congaree Bancshares' acquisition agreement
M2 - Thu Jan 07, 3:05AM CST
Carolina Financial Corporation (NASDAQ:CARO) disclosed on Tuesday that in relation to Congaree Bancshares Inc (OTC Pink:CNRB) announcement of the merger agreement with Carolina on the same day, it has provided an investor presentation on its website at http://www.haveanicebank.com, under the 'Investor Relations' tab of the home page.
CARO: 17.31 (+0.33)
Carolina Financial Corporation Shares Investor Presentation Following Congaree Bancshares, Inc. Acquisition Announcement
PR Newswire - Wed Jan 06, 1:52PM CST
In connection with today's Congaree Bancshares, Inc. (OTC Pink: CNRB) merger agreement announcement, Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, has provided an investor presentation on its website at www.haveanicebank.com. The presentation can be found under the "Investor Relations" tab of the home page.
CARO: 17.31 (+0.33)
Carolina Financial Corporation Announces Agreement to Acquire Congaree Bancshares, Inc.
PR Newswire - Wed Jan 06, 8:00AM CST
Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, and Congaree Bancshares, Inc. (OTC Pink: CNRB), the parent company of Congaree State Bank, today announced the signing of a definitive agreement pursuant to which Carolina Financial Corporation will acquire Congaree Bancshares, Inc. in a cash and stock transaction with a total current value of approximately $16.3 million, which includes the assumption of approximately $1.6 million in preferred stock.
CARO: 17.31 (+0.33)
