Carolina Financial, in the midst of acquiring regional community bank, to be sold in $1.1B stock deal

United Bank is making a big step to grow in the Carolinas. Washington D.C.'s United Bankshares Inc. (NASDAQ: UBSI), United's parent company, announced Monday morning it has reached an agreement to acquire Carolina Financial Corp. (NASDAQ: CARO) in an all-stock transaction valued at $1.1 billion. Charleston, South Carolina's Carolina Financial is the holding company of CresCom Bank, the second-largest bank in the Carolinas with $3.98 billion in assets and 61 locations. Carolina Financial is currently…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/11/18/carolina-financial-in-the-midst-of-acquiring.html?ana=RSS&s=article_search