TITLE

'Social' Sweeteners Help Seal North Carolina Deal

AUTHOR(S)
Monks, Matthew
PUB. DATE
May 2012
SOURCE
American Banker;5/15/2012, Vol. 177 Issue 75, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a $78 million cash and stock deal in which Citizens South Banking agreed to sell itself to another North Carolina bank, Park Sterling. The bank merger's social concessions of preserving Citizens South's employees' jobs, keeping open a call and mortgage processing center, and making a donation to the acquired bank's charitable foundation are discussed.
ACCESSION #
75266693

 

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