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Park Sterling Bank, whose parent company is Park Sterling Corp. (), is a bank based in Charlotte, North Carolina. It has $2.3 billion in assets and 54 branches in North and South Carolina, Virginia and Georgia. ==History== Park Sterling Bank began with $45 million in capital in October 2006, one of several community banks in Charlotte, North Carolina. Bryan Kennedy, formerly of Regions Financial Corporation, was chairman. By April 2007 the bank announced plans to open a loan production office in Wilmington, North Carolina.〔Binyamin Appelbaum, "Bank Notes," ''The Charlotte Observer'', April 27, 2007, p. 2D.〕〔Rick Rothacker, "Startup Bank Meets Goal for Capital and Moves Up Opening," ''The Charlotte Observer'', June 22, 2006.〕 On August 2, 2010, Park Sterling announced federal approval for the bank's plan to buy troubled, but not failed, banks with $300 million to $2 billion in assets, and to open new branches. New CEO Jim Cherry, formerly of Wachovia, later said the bank planned to have assets of $8 to $10 billion, with branches in the Carolinas and Virginia. Also, Kennedy was staying on as president, and Bud Baker of Wachovia would be chairman.〔Christina Rexrode, "Park Sterling Bank takes a new direction: Firm wins federal OK for plan to expand by buying banks, opening branches," ''The Charlotte Observer'', August 3, 2010, p. 8A.〕〔 On August 13, the bank held its initial public offering, expected to raise $150 million. This would give the bank $600 million in assets, making it the second-largest bank based in Charlotte.〔Rick Rothacker, "Charlotte bank holds stock offering: Park Sterling is raising $150 million as part of expansion plan," ''The Charlotte Observer'', August 14, 2010, p. 10A.〕 On March 31, 2011, Park Sterling Corp. announced its first acquisition, Community Capital Corp. of Greenwood, South Carolina, in a deal worth $32.4 million. Community Capital's 18 South Carolina branches, which would continue using the Capital Bank name, would give Park Sterling a total of 21 branches. Community Capital CEO Bill Stevens would become the CEO for South Carolina.〔Rick Rothacker, "Park Sterling makes deal to buy S.C. bank: $32.4 million purchase of struggling Community Capital Corp. is the first acquisition by the Charlotte bank," ''The Charlotte Observer'', April 1, 2011, p. 4B.〕 The deal closed in the fourth quarter and gave the bank $1.2 billion in assets.〔 On May 14, 2012, Park Sterling Corp. announced it was buying Citizens South Banking Corp. of Gastonia, North Carolina in a deal valued at $77.4 million. Gastonia Mutual Building and Loan Association began in 1904.〔 Because of its policy of only lending locally, the bank was the only financial institution in Gaston County, North Carolina to survive The Great Depression. President Kim Price joined the bank in 1997 in preparation for its transition from savings and loan to full-service bank. The bank public in 1998〔 with the name Gaston Federal Bank.〔 The parent company became Gaston Bancorp. On July 16, 2001, the purchase of Salisbury, North Carolina-based CitizensBank was announced. The $38 million deal gave Gaston Bancorp $470 million in assets and added three branches for a total of nine.〔Jon Goldberg, Karen Cimino and Joe Marusak, "News in Brief," ''The Charlotte Observer'', July 17, 2001, p. 2B.〕 The new name Citizens South was announced in January 2002.〔Sharon E. White, "Gaston Federal Poised to Change Name," ''The Charlotte Observer'', January 27, 2002, p. 4L.〕 As "Gaston County's oldest community bank", Citizens South opened a $5.5 million headquarters in June 2004, a "Georgian-style, white-columned brick building" which was nicknamed "Taj Ma-Hoyle" after board chairman David Hoyle.〔Sharon E. White, "100 Years of Banking in Gaston: Institution Now Known As Citizens South Ready to Open New Headquarters Today," ''The Charlotte Observer'', June 11, 2004, p. 1L.〕 In a deal completed October 31, 2005, Citizens South bought Trinity Bank,a community bank started in 1999 in Monroe, North Carolina, with three offices in Union County. The deal gave Citizens South $684 million in assets and made it the Charlotte area's eighth-largest bank. In June 2007, Citizens South had 14 locations in North Carolina when it broke ground on its first full-service South Carolina office in Rock Hill, where it already had a loan production office.〔"In brief," ''The Herald'', June 27, 2007.〕 Citizens South also bought two failed north Georgia banks in deals made with the Federal Deposit Insurance Corporation.〔 In 2010, taking over Bank of Hiawassee (which also operated as Bank of Blairsville and Bank of Blue Ridge) added $294 million in assets, for a total of $1.1 billion, and five branches for a total of 21 locations.〔Rick Rothacker, "Citizens South reopens failed Georgia bank," ''The Charlotte Observer'', March 23, 2010, p. 6A.〕 On April 15, 2011, New Horizons Bank, with one location in East Elijay, failed and Citizens South took over. The Citizens South deal gave Park Sterling $2.2 billion in assets, $1.7 billion in deposits, and 45 branches. An operations center would remain in Gastonia after the deal closed in October, and Citizens South CEO Kim Price would become Park Sterling vice chairman.〔Andrew Dunn, "Gastonia bank has a buyer: Park Sterling, Citizens South to merge in $77.8M deal, creating region's largest community bank," ''The Charlotte Observer'', May 15, 2012, p. 2B.〕〔"Briefly," ''The Charlotte Observer'', September 28, 2012, p. 2B.〕 On May 1, 2014, Park Sterling completed a $6.5 million deal with Provident Community Bank of Rock Hill, South Carolina. On October 1, 2015, Park Sterling Corp. announced the purchase of First Capital Bancorp. of Glen Allen, Virginia, a deal valued at $82.5 million. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Park Sterling Bank」の詳細全文を読む スポンサード リンク
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