Business

Charlotte's Park Sterling to buy Rock Hill-based community bank

March 6, 2014

(The Charlotte Observer)

Charlotte-based Park Sterling Bank Corp. will acquire Rock Hill, S.C.-based Provident Community Bancshares in a deal worth $6.5 million. The upcoming TARP deadline is prompting many small banks to consider acquisitions by larger banks better capable of repaying their debt obligations.

Wilmington may join other NC cities courting Stone Brewing Co.

March 6, 2014

(Greater Wilmington Business Journal)

Wilmington leaders will consider submitting a proposal for Escondido, Calif.-based Stone Brewing Co. to open a new East Coast brewery there that would bring an estimated 370 jobs. According to Stone's senior construction manager, Asheville, Charlotte and Greensboro have been actively working to recruit the brewing operation. The company is accepting proposals through March 15.

Bag manufacturer to create 50 jobs in Forest City

March 6, 2014

(The Shelby Star)

Portland, Ore.-based Bonita Manufacturing Products will open a plant in Rutherford County and create 50 jobs. The packaging-products manufacturer will invest $2.8 million in the plant where it will make and distribute twisted-paper handles for shopping and gift bags.

Kannapolis to look at moving Intimidators to downtown stadium

March 6, 2014

(Independent Tribune, Concord)

The Kannapolis City Council will consider building a new downtown stadium for the Intimidators, its minor-league baseball team. Supporters claim ticket sales could increase by 50% or more and moving the stadium would increase foot traffic downtown and help revitalize the area.

Researchers at NC State create new Android system to prevent malware

March 6, 2014

(The News & Observer, Raleigh)

Researchers at N.C. State University have developed a new cloud-based security system called "AirBag" for Android users to keep malware from affecting smartphones and tablets.

Bank of America to offer new checking option

March 6, 2014

(The Charlotte Observer)

Bank of America will introduce a new checking-account option with a flat-rate monthly fee designed to appeal to low-income customers. The Charlotte-based bank hopes its "Safe Balance" offering, with a $4.95 monthly fee, will compete with pre-paid debit cards, which have grown in popularity with that market segment.

Shelby's Rogers Automotive to be sold to Charlotte group

March 6, 2014

(The Shelby Star)

Rogers Automotive Group, a Cleveland County auto dealership open for more than 50 years, will be sold to Charlotte-based Donald Automotive Group.

HomeTrust Bancshares to acquire Charlotte-based Bank of Commerce

March 5, 2014

(The Charlotte Observer)

Asheville-based HomeTrust Bancshares Inc. will acquire Bank of Commerce in a $10 million deal which, along with a pending acquisition of Tennessee-based Jefferson Bancshares Inc., will increase HomeTrust's assets to $2.2 billion.

Elkin hospital announces partnership with Novant Health

March 5, 2014

(The Elkin Tribune)

Hugh Chatham Memorial Hospital announced a partnership with Winston-Salem-based Novant Health. The shared services agreement will give the Elkin hospital better supply-chain and corporate resources. No layoffs are expected as a result of the agreement.

Durham's Freelon Group acquired by global architecture firm

March 5, 2014

(The Herald-Sun, Durham)

The Freelon Group, a Durham-based architecture firm, will be acquired by Perkins+Will, a global architecture and design group that employs about 1,500 people. The Durham firm, which employs 45, will be combined with Perkins+Will's Morrisville office with a staff of 18 people. Financial terms were not disclosed.