United Carolina Bank (UCB) was a bank headquartered in Whiteville, North Carolina. It was formed in 1980 by the merger of four banks, including Waccamaw Bank of Whiteville. BB&T (now Truist Financial) acquired UCB in 1997.
In 1926, business people in Whiteville raised $10,000 and started Waccamaw Bank and Trust, named for an area Lake Waccamaw and the Waccamaw River.
American Bank & Trust of Monroe, North Carolina began May 5, 1930 in the Monroe Hotel after the bank failure of Bank of Union during the Great Depression. In 1970, it merged with Waccamaw Bank and Trust to form United Carolina Bancshares, though it kept the American name until 1979. UCB also took over Cape Fear Bank of Fayetteville, North Carolina and Capital National Bank of Raleigh, North Carolina.
In 1981, UCB opened an 83,000-square-foot (7,700 m2) operations center near Monroe, which employed 250 people.
In 1982, UCB bought the Bank of Raeford.
When E. Rhone Sasser became chief executive in 1983, UCB had $857 million in assets.
In 1986, UCB took over Bank of Greer with $150 million in assets and eight offices in Greenville and Spartanburg Counties, for $284 million. The Bank of Greer offices began operating as United Carolina Bank of South Carolina.
In 1987, UCB began opening branches in Winn-Dixies in North Carolina, joining Central Carolina Bank and Trust as the second bank in the state to open grocery store branches in North Carolina.The first branch was not a success, however, and the plan was dropped.
Also in 1987, UCB announced a new four-story building to house 200 workers next to its headquarters in Whiteville, putting an end to rumors the bank would move its headquarters to Charlotte, where the Johnston Building was called the UCB Building. At the time, UCB had $1.9 billion in assets and 114 locations. 380 of its employees worked in Whiteville, a town of 5565 people.
In 1991, UCB added its second and third branches in Moore County. The bank had an Aberdeen branch already when it opened a Pinehurst location. Also, UCB was buying a Barclays Bank branch in Southern Pines.
In 1994, UCB bought its first western North Carolina bank, Bank of Iredell in Statesville, with 79.4 million in assets and five branches.
In October 1995, UCB agreed to buy Triad Bank, the last locally owned bank in Greensboro in a deal valued at $40 million. When the deal was completed, UCB would have branches in the Piedmont Triad for the first time. Triad Bank had eleven branches, eight of those in Greensboro, and assets of $199 million, and had taken over Bankers Trust of North Carolina in 1993; Bankers Trust had in turn taken over Piedmont State Bank.
UCB's fourth acquisition of the 1990s was Seaboard Savings Bank of Plymouth, North Carolina. UCB was North Carolina's eighth-largest bank with assets of $3.7 billion. However, other banks in the state were doing a better job of growing through mergers.
In 1997, Southern National Corp. of Winston-Salem, North Carolina, which operated as BB&T, acquired UCB in a $985 million deal.Starting September 22, 1997, 91 UCB branches began the process of changing to BB&T, and 67 other branches of the two banks closed starting in October because they were close to other BB&T locations. South Piedmont Community College bought the Monroe operations center in 2000 to serve as its Monroe Continuing Education Center, later expanding the campus at the site.
Truist Financial Corp., formerly BB&T, is a bank holding company based in Charlotte, North Carolina. Its bank operates 2,049 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets. Its subsidiary, BB&T Insurance Services, was one of the largest insurance brokers in the world. In its history, it has made 106 mergers and acquisitions. Since it took over Southern National Bank in 1995, it has made 43 deals.
SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama. In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR. The Company was headquartered in the SouthTrust Tower, now known as the Wells Fargo Tower. SouthTrust had branches in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. By the end of 2005, all former SouthTrust branches that remained open carried the Wachovia name.
WTQR is a country music station licensed to Winston-Salem, North Carolina and serves the Piedmont Triad region, including Greensboro and High Point. Owned and operated by iHeartMedia, the station broadcasts at 104.1 MHz with an ERP of 100 kW. It has studio facilities and offices located on Pai Park in Greensboro, and a transmitter site is located atop Sauratown Mountains near Pinnacle, North Carolina. They are one of three Country music outlets in the market; WPAW and WBRF are the others.
Yadkin Financial Corporation was a bank holding company and the parent of Yadkin Bank, a defunct regional bank with $7.3 billion in assets and 110 branches in North and South Carolina before the 2017 purchase by FNB Corporation of Pittsburgh. The bank was headquartered in Elkin, North Carolina. On July 4, 2014, Yadkin Financial and VantageSouth Bancshares Inc. completed a merger which resulted in the largest community bank based in North Carolina, and the fourth-largest bank headquartered in the state, with $4 billion in assets and $3.2 billion in deposits. The company was headquartered in Raleigh, North Carolina with banking operations based in Statesville, North Carolina.
Lexington State Bank was a banking company based in Lexington, North Carolina. Its motto was "The Bank" and its slogans were "Beeline Banking", and "Easy as L-S-B". The bank had 29 branches across the Piedmont Triad region operating in Davidson, Stokes, Forsyth, Guilford, and Randolph counties of North Carolina. LSB Bancshares, Inc. was the holding company for Lexington State Bank. In 2007, it merged with FNB Southeast to form NewBridge Bank.
The Piedmont Crescent, also known as the Piedmont Urban Crescent, is a large, polycentric urbanized region in the U.S. state of North Carolina that forms the northern section of the rapidly developing Piedmont Atlantic megalopolis, a conurbation also known as the "I-85 Boombelt", which extends from the Raleigh area ) to Atlanta, Georgia in the southeastern United States.
Truliant Federal Credit Union was founded in 1952 in Winston-Salem, North Carolina, to serve the employees of Western Electric. First known as Radio Shops Credit Union, the credit union later became known as AT&T Family Federal Credit Union. In 1999, it changed its name to Truliant Federal Credit Union to more accurately represent its broad-based membership. Truliant now serves over 215,000 member-owners from various communities, along with those from more than 1,200 businesses and organizations. Truliant has grown to 33 locations in central North Carolina, South Carolina and Virginia as of June 2017
First Citizens Bancshares, Incorporated is a bank holding company based in Raleigh, North Carolina that operates First Citizens Bank. First Citizens operates in 18 states and the District of Columbia in the United States, concentrated in the Southeastern United States, Southern California, and Washington.
WZFX is a Mainstream Urban formatted broadcast radio station licensed to Whiteville, North Carolina and located in Fayetteville, North Carolina. WZFX broadcasts under the branding "Foxy 99." WZFX is owned and operated by Beasley Media Group. Its studios are located east of downtown Fayetteville, and its transmitter is located in Tar Heel, North Carolina.
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina. It operates as First Bank in North and South Carolina. The company has 94 branches in North Carolina, assets totaling $4.3 billion and deposits of $3.4 billion as of early 2017. First Bancorp has 108 branches, $5.2 billion in assets, $3.9 billion in loans and $4.3 billion in deposits.
NewBridge Bank was a banking company based in Greensboro, North Carolina, with locations in North Carolina and Virginia. It no longer operates under that name. The company formed from the merger of Lexington State Bank and FNB Southeast in November 2007. NewBridge Bank was the banking subsidiary of NewBridge Bancorp. NewBridge Bank had 44 branches, total assets of about $2.7 billion and total deposits of about $2 billion. Its branches were mainly centered on the North Carolina regions of the Piedmont Triad and the Lower Cape Fear.
United Community Bank is a $12.4 billion southeast regional US bank providing retail and corporate banking services. The bank was founded in Blairsville, Georgia in 1950 and now operates 150 banking offices in Georgia, South Carolina, North Carolina and Tennessee.
Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, former Bank of America executive and Fifth Third Bank CFO, Chris Marshall was CFO and former Bank of America executive, R. Bruce Singletary was Chief Risk Officer. Former Morgan Stanley specialty finance research analyst, Kenneth Posner, managed corporate strategy and investor relations. Its original purpose was to take over banks that had difficulties due to the financial crisis of 2007–2010. The company's main interest was banks in the Carolinas and Florida, but in 2011, NAFH moved into Tennessee and Virginia for the first time. Despite buying seven distressed, money losing banks, Capital Bank was consistently profitable during the duration of its existence and consistently posted improved returns for each of its five years of operations. Capital Bank completed a successful IPO in September 2012, and used to trade on the NASDAQ under the ticker CBF until its acquisition by First Horizon National Corporation in December 2017.
Southern National Bank was a bank headquartered first in Lumberton, North Carolina and then in Winston-Salem, North Carolina. It joined with BB&T in 1995.
Centura Bank was a bank headquartered in Rocky Mount, North Carolina. It existed from 1990, when Peoples Bancorp and Planters Bank merged, to 2001, when the Royal Bank of Canada acquired the company and changed its name to RBC Centura.
BNC Bank was a bank based in High Point, North Carolina, United States. In 2014 its parent company BNC Bancorp had $4.05 billion in assets, 38 branches in North Carolina and 13 in South Carolina. Its latest acquisition gave BNC $6.8 billion in assets and 87 branches, 48 in North Carolina, 29 in South Carolina nine in Virginia, and one in Haiti.
First Community Bancshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of March 31, 2017 First Community had $2.43 billion in assets.
Park Sterling Bank, whose parent company was Park Sterling Corp., was a bank based in Charlotte, North Carolina. It had $3.3 billion in assets and branches in North and South Carolina, Virginia and Georgia. A merger with South State Bank was completed November 30, 2017.
BB&T Financial Center is a 340-foot (100 m) postmodern green glass and steel skyscraper at 200 West 2nd Street in Winston-Salem, Forsyth County, North Carolina, United States with 271,445 square feet (25,218.1 m2) of space. It was completed in 1987 and has 21 floors. It has served as the headquarters of BB&T since the merger of BB&T and Southern National Bank in 1995. The 19th floor has The Piedmont Club, with 13,232 square feet (1,229.3 m2) feet.