High Point, N.C.-based BNC Bancorp expanded its Upstate presence today by acquiring seven CertusBank locations across Greenville, Spartanburg, Easley, Greer and Mauldin. Announced in June, the acquisition represented $175 million in deposits and $188 in loans. The seven branches opened Monday as BNC Bank, according to a news release.
BNC Bancorp is the parent company of $5.4 billion-asset Bank of North Carolina, which operated 12 banking locations in South Carolina before the acquisition. The purchase brings BNC’s Upstate locations from two to nine.
The original agreement included the seven branches, $284 million in customer deposits and $210 million in loans, according to coverage from Upstate Business Journal. A representative from BNC Bancorp did not respond immediately for comment.
“We’re pleased to close this transaction with Certus and look forward to ‘Delivering More’ to each and every one of our new customers,” said BNC Bancorp President and CEO Rick Callicutt in a statement. The employees of Certus will be retained as employees of the Bank.
Headquartered in High Point, N.C., Bank of North Carolina operates 64 banking offices in Virginia, North Carolina and South Carolina, with its Virginia and South Carolina locations operating as BNC Bank.
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