Carolina Alliance Bank (CRLN)
Today, CRLN remains (0.00%) +0.000 at $9.60 thus far (ref. google finance Delayed: 10:00AM EDT August 16, 2013).
Carolina Alliance Bank and Forest Commercial Bank jointly previously reported that they have signed a definitive merger agreement. The proposed combination will create a full-service community bank serving customers principally in upstate South Carolina and western North Carolina. The combined bank will have three full-service offices located in Spartanburg, SC, Asheville, NC, and Hendersonville, NC; a loan production office in Charlotte, NC; and a proposed branch office to be located in Seneca, SC. All of the offices will operate as Carolina Alliance Bank. The bank will be headquartered in Spartanburg, SC, with senior management personnel operating from both Spartanburg and Asheville. On a combined basis, the bank will have approximately $385 million in assets, approximately $277 million in loans, approximately $314 million in deposits, and a very strong capital position of approximately $50 million. The transaction is expected to close in the first quarter of 2014, subject to receipt of regulatory approvals and the approval of the shareholders of each institution.
Carolina Alliance Bank (CRLN) 5 day chart:
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