Business

BB&T, National Penn deal expected to close April 1

January 22, 2016

(Winston-Salem Journal)

BB&T expects to complete its $1.8 billion purchase of National Penn Bancshares on April 1, three months earlier than projected. The Allentown, Pa.-based bank has about $9.6 billion in assets and more than 120 branches.
Also: Merger costs push down BB&T's profit for second consecutive quarter

Sitel closing Asheville call center, 250 layoffs expected

January 22, 2016

(Asheville Citizen-Times)

Sitel, a global business-services company, will move the work done at its Asheville call center to Knoxville, Tenn. About 250 workers will be affected when the center closes, by July 30. Workers who want to transfer will be offered jobs in Knoxville.

Moynihan: BofA's workforce will continue to shrink

January 22, 2016

(The Charlotte Observer)

In an interview on Bloomberg TV Thursday, Bank of America CEO Brian Moynihan reiterated that more job cuts are ahead in 2016, though he declined to say how many. The Charlotte-based lender shed more than 10,000 jobs last year. Here are some key takeaways from BofA's annual financial report.

Aquesta Financial expanding in Wilmington

January 22, 2016

(Greater Wilmington Business Journal)

Aquesta Financial Holdings will open a second insurance-services office in the Wilmington area and plans to open a full-service bank branch there in the spring. The Cornelius-based company has five bank branches, mostly in north Mecklenburg County, and four insurance-services offices.

Former Microsoft exec named Citrix CEO

January 22, 2016

(The News & Observer, Raleigh)

Kirill Tatarinov, 51, will become president and CEO of Citrix Systems on Monday. He replaces interim CEO Robert Calderoni, who has been filling in since N.C. State grad Mark Templeton retired in October. Tatarinov was executive vice president of Microsoft's business solutions division from July 2007 to July 2015. Citrix, which acquired Raleigh's ShareFile in 2011, employs about 600 in downtown Raleigh.

CSX project faces opposition from landowners

January 21, 2016

(The News & Observer, Raleigh)

Jacksonville, Fla.-based CSX plans to build a $272 million container hub on 450 acres in Johnston County, but some landowners are telling the railroad giant their properties aren't for sale. State law allows private railroad companies such as CSX the power of eminent domain, which means they can forcibly take land for a fair-market price.
Also: Johnston County commissioners oppose CSX cargo hub plans

Planning board OKs toll lanes for I-77

January 21, 2016

(The Charlotte Observer)

The Charlotte Regional Transportation Planning Organization voted 50-12 in support of toll lanes, allowing a controversial project on a 26-mile stretch of Interstate 77 spanning northern Mecklenburg and Iredell counties to move forward.

Raleigh's Capital Bank could move HQ to Charlotte

January 21, 2016

(The Charlotte Observer)

Capital Bank is considering relocating its headquarters to the Queen City after regulators approve its proposed $350 million acquisition of Charlotte's CommunityOne Bancorp. Capital Bank will have nearly $10 billion in assets when the deal closes, expected to be in the first quarter.

Winston-Salem's Inmar acquires Chicago food analytics firm

January 21, 2016

(Winston-Salem Journal)

Inmar is buying Willard Bishop, a 19-employee analytics and consulting firm in Chicago, for an undisclosed amount. It's the Winston-Salem-based technology company's fifth acquisition since January 2014. Inmar employs about 950 people at its headquarters and about 4,400 across North America.

Burke County approves incentives for company expansion

January 21, 2016

(The News Herald, Morganton)

Burke County commissioners approved incentives for an unidentified company to bring 25 new jobs over five years. The company, whose name will be revealed Jan. 29, plans to invest $8.5 million in Valdese.