Triad

Yadkin County takes control of community hospital

July 16, 2015

(Winston-Salem Journal)

A U.S. District Court judge ordered the operator of Yadkin Valley Community Hospital to turn over the keys to the property on Wednesday after HMC/CAH Consolidated defied a previous court order to keep the hospital open. Kansas City-based HMC abruptly closed the 20-bed hospital on May 22.

Local officials say it will be months before Yadkinville hospital can reopen

July 14, 2015

(Winston-Salem Journal)

Yadkin County officials say it will take a minimum of 120 days before Yadkin Valley Community Hospital can reopen; it could take months longer if the county has to negotiate with a new provider. The hospital's operator, CAH Acquisition, abruptly closed the hospital on May 22.

Aerospace manufacturer adding up to 25 jobs in Davie County

July 14, 2015

(Winston-Salem Journal)

Carolina Precision Machining plans to add 10 to 25 jobs to its 30 in Mocksville by the end of 2016. The privately held company makes components for the aerospace and aviation industries.

Whitaker Park developers seek fundraising extension

July 13, 2015

(Winston-Salem Journal)

Whitaker Park Development Authority asked the city to extend its deadline from 12 to 24 months to raise between $2 million and $2.5 million for the redevelopment of the former R.J. Reynolds tobacco campus. The authority has raised $750,000 from local governments and the Golden LEAF Foundation. Reynolds said Friday it has donated an 87,000-square-foot building to the authority that will be used as labs for biotech companies; the company plans to donate a total of 120 acres and 1.7 million square feet.

Leapfrog releases new hospital survey results

July 9, 2015

(Winston-Salem Journal)

Wake Forest Baptist Medical Center earned the highest score in two hospital prevention and safety categories in a 2014 survey released by the Leapfrog Group.

Greesnboro to sue state over council changes

July 9, 2015

(News & Record, Greensboro)

Greensboro City Council voted 8-1 to sue North Carolina over a law passed last week that eliminates at-large council seats and drastically changes the district's boundaries.

Regulators OK BB&T's purchase of Susquehanna

July 8, 2015

(Winston-Salem Journal)

BB&T is expected to complete its acquisition of Pennsylvania-based Susquehanna Bancshares Aug. 1. Winston-Salem-based BB&T received federal regulatory approval for the $2.5 billion cash and stock deal on Tuesday.

Inmar makes another acquisition

July 7, 2015

(Winston-Salem Journal)

Winston-Salem-based Inmar will acquire Scanner Applications, a Cincinnati-based tech company that employs 45 people, for an undisclosed amount. It's the fourth deal announced by Inmar, a digital-coupon processor, since January 2014.

2 High Point business-development groups to merge

July 7, 2015

(News & Record, Greensboro)

The High Point Chamber of Commerce and High Point Partners will merge together, creating Business High Point.

TW Garner moving HQ to downtown Winston-Salem

July 6, 2015

(Winston-Salem Journal)

TW Garner Food, the maker of Texas Pete Hot Sauce, is looking to raise its community profile by moving its headquarters back to downtown Winston-Salem.

Europe's Lidl grocery chain expanding in Alamance

July 2, 2015

(The News and Observer)

Lidl, a European grocery store chain, will open a new regional headquarters and distribution center employing more than 200 people in Alamance County

BNC Bancorp completes Virginia expansion

July 2, 2015

(The Winston-Salem Journal)

High Point-based BNC Bancorp completed its first bank purchase in Virginia, adding nine branches and $854 million in assets after acquiring Valley Financial Corp. of Roanoke.

State may redistrict Greensboro city council map

July 2, 2015

(The News and Record)

The N.C. General Assembly is expected to consider a bill Thursday to add an eighth district to the Greensboro City Council. A conference committee approved the changes Wednesday despite opposition from Greensboro lawmakers and Mayor Nance Vaughn.

 

BB&T board approves incentive pay for Susquehanna merger

July 1, 2015

(Winston-Salem Journal)

BB&T's board of directors approved $2.6 million in incentives for its top five executives, pending the completion of the bank's acquisition of Lititz, Pa.-based Susquehanna Bancshares and subsequent conversion of its 243 branches. The $2.5 billion deal is expected to close in the third quarter.

Officials map out future for Winston-Salem's Innovation Quarter

June 29, 2015

(Winston-Salem Journal)

Officials are finalizing a master plan for the second phase of Wake Forest Innovation Quarter, the business and research district in downtown Winston-Salem where more than 3,000 people – including scientists, engineers and educators – now work.

North State Communications to buy Charlotte IT firm

June 26, 2015

(High Point Enterprise)

High Point-based North State Communications will acquire Charlotte-based IT company Stalwart, the companies said Thursday. The deal is expected to close in the third quarter; financial terms were not disclosed.

BB&T board approves share buyback plan

June 26, 2015

(Winston-Salem Journal)

BB&T announced Thursday plans to repurchase up to 50 million shares of common stock. Based on the 52-week share price range of $34.50 to $41.70, the Winston-Salem-based bank could spend up to $2 billion on the buyback program.

Hatteras Financial to acquire two Denver companies

June 26, 2015

(Winston-Salem Journal)

Hatteras Financial, a Winston-Salem-based REIT, agreed to buy Pingora Asset Management and Pingora Loan Servicing, both based in Denver.

Krispy Kreme re-enters Chicago market

June 24, 2015

(Winston-Salem Journal)

Krispy Kreme will open eight stores in the Chicago area through an agreement with a franchisee. The Winston-Salem-based doughnut company exited the Chicago market in 2008, after a separate franchisee filed for Chapter 11 bankruptcy protection and closed its shops.

BB&T acquires The Bank of Kentucky

June 23, 2015

(Winston-Salem Journal)

BB&T completed its $363 million purchase of The Bank of Kentucky, gaining about $1.9 billion in assets and 32 branches. One of the offices is in Cincinnati, where CEO Kelly King said BB&T will look to add more branches. The Winston-Salem-based bank is still awaiting regulatory approval of its planned $2.5 billion acquisition of Pennsylvania-based Susquehanna Bancshares, which is expected to close in the third quarter.