Business

BNC Bancorp to buy CertusBank's SC branches

June 2, 2015

(Winston-Salem Journal)

High Point-based BNC Bancorp will acquire CertusBank's seven remaining branches in South Carolina, including three in Greenville. The deal, expected to close in October, will make BNC – parent company of Bank of North Carolina – the second largest community bank in the Palmetto State.
Also: CertusBank to sell banking operations, remaining branches

CEO of Chapel Hill-based Pozen retires

June 2, 2015

(The News & Observer, Raleigh)

Adrian Adams was named CEO of Pozen, replacing John Plachetka, who is retiring. Plachetka founded the Chapel Hill-based pharmaceutical company in 1996. Adams was CEO and president of Auxilium Pharmaceuticals, which was acquired by Endo Pharmaceuticals in January. The company's shares are down 13.5% this year.

A-B Tech faces budget shortfall

June 2, 2015

(Asheville Citizen-Times)

Asheville-Buncombe Technical Community College will lay off six employees and cut another four jobs through attrition as a result of an unexpected budget shortfall. The college will receive less state funding than expected due to a 4% drop in student enrollment.

Durham's M&F Bank diversifies board

June 2, 2015

(The News & Observer, Raleigh)

The parent company of Mechanics & Farmers Bank, which is rebranding Tuesday as M&F Bank, named Raleigh attorney Christopher Smith to its board of directors. He is the first non-African American to serve on the Durham-based bank's board.

Sound Bank applies for full-service branch in Wilmington

June 2, 2015

(Greater Wilmington Business Journal)

Morehead City-based Sound Bank has moved its Wilmington loan-production office to a larger space and has requested FDIC permission to open a full-service branch there.

LabCorp announces partnership with Japanese company

June 2, 2015

(The Times-News, Burlington)

Burlington-based LabCorp will partner with Japan-based Sysmex to develop diagnostic blood tests to monitor and detect cancer in tumors.

 

Amazon fulfillment center buzzes 24 hours a day

June 2, 2015

(The Charlotte Observer)

Seattle-based Amazon now has 360 workers at its Concord distribution center and is still hiring. Workers at the center sort e-commerce orders by zip code before they are sent to the U.S. Postal Service for delivery to customers. The system speeds delivery and reduces shipping costs.

Methodist University to offer degree in engineering

June 2, 2015

(The Fayetteville Observer)

Methodist University will accept at least 30 students in the inaugural class of students in a new engineering program. The Fayetteville university will offer a bachelor of science in engineering beginning in the fall of 2016.

Vertex Rail donates $15K to feed hungry students

June 2, 2015

(StarNews, Wilmington)

Vertex Rail has donated $15,000 to a nonprofit organization that provides food to underprivileged students in New Hanover County. Vertex plans to create 1,300 jobs at a railcar manufacturing plant in Wilmington.

BofA fined $30M for debt-collection practices

June 1, 2015

(The Charlotte Observer)

Bank of America will pay a $30 million fine to the U.S. Treasury to settle claims it violated consumer-protection laws for military personnel and used unsafe debt-collection practices. The Charlotte-based bank also was ordered to provide remediation to about 73,000 military customers.