Nelson Mullins, Womble Carlyle Aid $299M NC Bank Deal

Law360, New York (January 27, 2014, 4:19 PM EST) -- Yadkin Financial Corp. and VantageSouth Bancshares Inc. on Monday announced a $299 million merger that will create the largest community bank headquartered in North Carolina, continuing a recent consolidation trend among small and midsized banks.

Community banks around the country have engaged in a series of mergers in recent years as the costs of raising capital and the costs of complying with regulations has increased steeply. In the deal announcement, Yadkin, the holding company for Yadkin Bank, and VantageSouth, the holding company for VantageSouth Bank, highlighted...
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