News

United Community Banks, Inc. Announces Completion of Merger With HCSB Financial Corporation

  • Posted: 08/1/2017
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BLAIRSVILLE, Ga.–(GLOBE NEWSWIRE)–United Community Banks, Inc. (NASDAQ:UCBI) (“United”) has completed its merger, effective July 31, 2017, with Myrtle Beach, South Carolina-based HCSB Financial Corporation (OTCQB:HCFB) (“HCSB”). Also effective July 31, 2017, HCFB’s bank subsidiary, Horry County State Bank, merged into United’s bank subsidiary, United Community Bank.  The legacy Horry County State Bank offices will continue to operate as Horry County CONTINUE READING >>

Guaranty Bancorp Announces Second Consecutive Quarter of Record Net Income and the Signing of a Definitive Agreement to Acquire Castle Rock Bank Holding Company

  • Posted: 07/19/2017
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DENVER, CO–(Marketwired)–Guaranty Bancorp (NASDAQ: GBNK), a community bank holding company based in Colorado, today announced second quarter 2017 net income of $10.1 million, or $0.36 per basic and diluted common share, compared to $5.7 million, or $0.27 per basic and diluted common share in the second quarter 2016. For the six months ended June 30, 2017, net income was $20.0 CONTINUE READING >>

Bridgewater Bancshares, Inc. Closes Private Placement of $25 Million Subordinated Notes

  • Posted: 07/12/2017
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Bloomington, MN–(Bridgewater Bank)–Bridgewater Bancshares, Inc. (the “Company”), parent company of Bridgewater Bank, announced today it has completed a $25 million private placement of subordinated notes due July 15, 2027. Bridgewater Bank, founded in 2005, has a solid history of proactively raising capital to support its successful, growth model. Bridgewater is among a handful of banks in the Midwest market to CONTINUE READING >>

Southern National Bancorp of Virginia, Inc. and Eastern Virginia Bankshares, Inc. Announce Closing of Merger

  • Posted: 06/23/2017
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MCLEAN, Va. and RICHMOND, Va.–(GLOBE NEWSWIRE)–Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) (“Southern National”) and Eastern Virginia Bankshares, Inc. (NASDAQ:EVBS) (“Eastern Virginia”) jointly announced today the completion of the merger of Eastern Virginia with and into Southern National and the completion of the merger of Eastern Virginia’s wholly-owned bank subsidiary, EVB, with and into Southern National’s wholly-owned bank subsidiary, Sonabank.  CONTINUE READING >>