United Bank is making a big step to grow in the Carolinas. Washington, D.C.-based United Bankshares Inc. (NASDAQ: UBSI), United’s parent company, announced Monday morning it has reached an agreement to acquire Carolina Financial Corp. (NASDAQ: CARO) in an all-stock transaction valued at $1.1 billion. Charleston, South Carolina-based Carolina Financial is the holding company of CresCom Bank, the second-largest bank in the Carolinas with $3.98 billion in assets and 61 locations. United Bank Chairman…
from https://www.bizjournals.com/baltimore/news/2019/11/18/united-bankshares-to-buy-carolina-financial-for-1.html?ana=RSS&s=article_search
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