Staff Report
Published Sept. 21, 2011

Fourth time was the charm for BNC Bancorp., the holding company for Bank of North Carolina.

This month, the High Point, N.C.-based bank announced plans to acquire Regent Bank-SC and said it will continue to look for more expansion opportunities.

Previous coverage
Regent Bank in Greenville sold

That follows three unsuccessful attempts to acquire South Carolina banks from the Federal Deposit Insurance Corp.

BNC established operations in South Carolina last year when it acquired the failed Beach First National of Myrtle Beach from the FDIC. It operates in South Carolina as BNC Bank.

Following that acquisition, BNC cast unsuccessful bids with the FDIC to acquire Atlantic Bank and Trust of Charleston, which was bought by First Citizens in Columbia. It also cast a failed bid to acquire Columbia’s BankMeridian, which has a branch in Spartanburg, as well as Easley-based CommunitySouth Bank and Trust, which was bought by CertusBank. BankMeridian was acquired by SCBT.

Read more about BNC Bank and Regent Bank-SC in the next print edition of GSA Business. Subscribe online.