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Plans are underway and resources have been allocated to "underserved" areas of High Point, N.C.-based BNC Bancorp's market -- all in an effort to secure regulatory approval for its pending acquisition of Mount Pleasant, S.C.-based Southcoast Financial Corp.
Richard Callicutt II, president and CEO of BNC, described in an April 22 earnings release what the company is doing to get regulators to sign off on its acquisition of Southcoast Financial. The deal was expected to close by March 31, but has been delayed.
BNC is also acquiring High Point,...