BNC Bancorp
 (BNCN)

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  • Nov. 16, 2015, 10:45 AM
    • The cash and stock deal is valued at about $141.3M, based on BNC Bancorp's (BNCN flat) closing price on Friday. High Point Bank (OTCPK:HPTB +63.8%) owners can take $300 per share in cash for each share of HPTB they own, or shares in BNC.
    • Subject to regulatory approval, the deal is hoped to close in Q2.
    • Alongside the deal, BNC sells 2.25M shares in a secondary offering at $23.50 each. Net proceeds of $49.7M will be sued to help fund the cash portion of the High Point purchase.
    | Nov. 16, 2015, 10:45 AM
  • Jun. 1, 2015, 9:45 AM
    • BNC Bancorp (NASDAQ:BNCN)  agrees to buy about $284M in deposits, $210M in loans and seven branches of CertusBank's South Carolina operation for a deposit premium of 2.75%.
    • The deal is expected to be immediately accretive to BNC's EPS.
    | Jun. 1, 2015, 9:45 AM
  • Nov. 17, 2014, 9:09 AM
    • Valley Financial (NASDAQ:VYFC) stockholders will receive a fixed price of $20.50 for each share of Valley they own, payable in shares of BNC Bancorp (NASDAQ:BNCN) common stock. Valley closed on Friday at $13.31.
    • The deal is expected to be immediately accretive to BNC's EPS.
    | Nov. 17, 2014, 9:09 AM
Company Description
BNC Bancorp is a holding company for Bank of North Carolina, which provides commercial banking products and services to individuals and small to medium-sized local businesses.