Womble Carlyle Propels BNC Bancorp's $35M First Trust Buy

Law360, New York (June 4, 2012, 10:41 PM EDT) -- Bank of North Carolina parent BNC Bancorp has entered a $35 million merger with First Trust Bank after raising $72.5 million from private equity firm Aquiline Capital Partners LLC and more than a dozen other investors, the bank said Monday.

After closing the deal with First Trust — a commercial bank with $436 million in assets that caters to small businesses in Charlotte, N.C. — BNC will add three new branches in the Charlotte metropolitan area, along with $228 million in loans and $374 million in...
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