Triad

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.

Judge finds Yadkin Valley hospital operator in contempt

June 22, 2015

(Winston-Salem Journal)

A federal judge ruled the company that operated Yadkin Valley Community Hospital must pay the county damages from May 22 – when the group abruptly closed the 20-bed hospital – until it is reopened or July 31, when its contract expires.

Triad leaders hold public meeting on megasite plans

June 19, 2015

(News & Record, Greensboro)

Representatives from Greensboro, Randolph County and HDR Engineering held a public meeting Thursday to answer questions and explain the process of assembling and designing the Greensboro-Randolph Megasite, an 1,800-acre property local officials hope will attract a large-scale manufacturer such as an automaker.

Carroll plans 28-story tower in Greensboro

June 18, 2015

(News & Record, Greensboro)

Roy Carroll wants to build a 28-story office tower in Greensboro that would be the fifth-tallest building in North Carolina. The Greensboro developer hasn't chosen a site for the 561-foot-tall building and says he won't break ground until the building is leased.

Thomas Built Buses completes High Point expansion

June 18, 2015

(Winston-Salem Journal)

Thomas Built Buses has completed the installation phase of its $12 million High Point expansion that includes adding new equipment and hiring more than 150 new employees. The school-bus manufacturer is eligible for more than $370 million in local incentives.

Matheny to become CEO of Downtown Greensboro

June 18, 2015

(News & Record, Greensboro)

The nonprofit Downtown Greensboro Inc. plans to name Zack Matheny president and CEO at a press conference on Thursday. Matheny resigned his seat on the Greensboro City Council on Tuesday to accept the new position.

Fabric company expanding in Maiden

June 16, 2015

(Winston-Salem Journal)

Carolina Nonwovens will invest $12.2 million in its Maiden plant, adding 35 jobs over three years. A subsidiary of Washington, N.C.-based National Spinning, the company makes nonwoven fabrics for use in products such as bedding and outdoor cushions and insulation for autos and appliances.

Wake Forest Baptist receives $20M for cancer research

June 16, 2015

(Winston-Salem Journal)

Wake Forest Baptist Medical Center received $20 million from an anonymous donor to research the use of a type of muscadine grape extract as a treatment for cancer. Native to the southeastern U.S., the muscadine grape contains high levels of antioxidants.