BNC Bank
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| Industry | Banking |
|---|---|
| Founded | 1991 |
| Headquarters | High Point, North Carolina, USA |
| Products | commercial banking, trust services, financial planning |
| Services | Finance, Investments, and Insurance |
| Total assets | US$ 4.05 billion (2014) |
| Website | www |
BNC Bank (BNC) is a bank based in High Point, North Carolina, United States. In 2014 its parent company BNC Bancorp (NASDAQ: BNCN) had $4.05 billion in assets, 38 branches in North Carolina and 13 in South Carolina. Its latest acquisition gave BNC $6.8 billion in assets and 86 branches, 48 in North Carolina, 29 in South Carolina and nine in Virginia.
Pinnacle Financial Partners Inc. of Nashville, Tennessee took over BNC as of June 16, 2017 with plans to change BNC branches to Pinnacle by September 2017.
The bank opened in Thomasville, North Carolina on December 3, 1991 (as Bank of North Carolina) in a temporary location in a trailer, moving to its permanent home in Fall 1992.
On December 29, 2001, the Bank of North Carolina and Kernersville-based Independence Bank announced their merger. Bank of North Carolina had $211 million in assets and $171 million in deposits, and Independence Bank had assets of $59 million and deposits of $52 million.
On August 1, 2003, BNC Bancorp began trading on NASDAQ. At the time it had added branches in Archdale, Lexington and Oak Ridge.
After fifteen years of operation, BNC had expanded to 14 branches and $1 billion in assets, doubling its size in 30 months. It was the ninth community bank in the Piedmont Triad to reach that milestone. A 15,000-square foot administrative office was planned in High Point. Only one of the Harrisburg branches had opened. The move to High Point happened in 2007.
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