M&A Deal Summary

Bank of North Carolina Acquires Southcoast Financial

On August 14, 2015, Bank of North Carolina acquired financial services company Southcoast Financial for 96M USD

Acquisition Highlights
  • This is Bank of North Carolina’s 1st transaction in the Financial Services sector.
  • This is Bank of North Carolina’s largest (disclosed) transaction.
  • This is Bank of North Carolina’s 1st transaction in the United States.
  • This is Bank of North Carolina’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2015-08-14
Target Southcoast Financial
Sector Financial Services
Buyer(s) Bank of North Carolina
Deal Type Add-on Acquisition
Deal Value 96M USD
Advisor(s) Banks Street Partners LLC (Financial)
Haynsworth Sinkler Boyd (Legal)

Target

Southcoast Financial

Mt. Pleasant, South Carolina, United States
Southcoast Financial Corp. is a provider of financial services.

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Buyer(S) 1

Buyer

Bank of North Carolina

High Point, North Carolina, United States
Category Company
Founded 1991
Sector Financial Services
Employees850
Revenue 231M USD (2015)
DESCRIPTION

BNC Bancorp., the parent company of Bank of North Carolina, is a commercial bank with $3.7 billion in assets. BNCN provides a complete line of banking and financial services to individuals and businesses through its 48 banking offices in North and South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal