WebJan 4, 2024 · First Bancorp announced the completion of its acquisition of GrandSouth Bancorporation, the parent company of GrandSouth Bank, on January 1, 2024.The merger solidifies First Bank’s position as one of the leading banks headquartered in the Carolinas, with total assets of approximately $12 billion and 118 branches. Mike Mayer, … WebJan 4, 2024 · First Bancorp announced the completion of its acquisition of GrandSouth Bancorporation, the parent company of GrandSouth Bank, on January 1, 2024. The …
FIRST BANCORP COMPLETES ACQUISITION OF …
WebJun 22, 2024 · Under the terms of the merger agreement, the Company's shareholders will receive 0.910 shares of First Bancorp common stock for each GrandSouth share owned, representing implied per-share merger ... WebDec 30, 2024 · First Bancorp will acquire GrandSouth in an all-stock... First Bancorp entered in a definitive merger agreement to acquire GrandSouth Bancorporation for approximately $160 million on June 21, 2024. significance of hazelwood v kuhlmeier
First Bancorp Completes Acquisition of GrandSouth Bancorporation
WebJun 21, 2024 · The two companies signed a definitive agreement for First Bank to acquire GrandSouth, subject to satisfaction of customary closing conditions, in an all-stock merger. The total current value of the deal is $181.1 million USD, or $31.43 per share, and is expected to close in the fourth quarter of 2024.GrandSouth is a bank holding company … WebGrandSouth Bancorporation reports third quarter 2024 results . GREENVILLE, SC, October 17, 2024 ... Merger expenses relate to the Company’s pending merger with First Bancorp. 2 . Loan Portfolio. The Company’s gross loan portfolio increased $42.2 million, or an annualized rate of 17.59%, during the third quarter of 2024 and $61.6 million, or ... WebGrandSouth Bancorporation reports third quarter 2024 results. Summary. 7/18/2024. 11:23 AM ET. Press Release. significance of headright system