Southcoast Community Bank: Bank of NC completes latest acquisition

Bank of North Carolina has completed its acquisition of Mount Pleasant, S.C.-based Southcoast Bank, a deal that adds close to $500 million in total assets to the High Point-based bank. The $9.5 million deal expands Bank of North Carolina's (NASDAQ: BNCN) presence in South Carolina, where the bank was already growing through acquisitions in the Greenville area. "The opportunity to expand our franchise deeper in Charleston and Mount Pleasant and enter several growing industrial centers such as North...