Bailout Bank Bio: BNC Bancorp

Dec 15, 2008 | 2 min read | Print Article

BNC Bancorp operates as the holding company for Bank of North Carolina, which provides banking products and services in Cabarrus, Davidson, Forsyth, Guilford, Iredell, Randolph, and Rowan Counties, North Carolina. BNC Bancorp operates 14 branch offices and a loan production office in North Carolina. The company is headquartered in Thomasville, North Carolina. BNC Bancorp will sell 31,260 shares of Fixed Rate Cumulative Perpetual Preferred Stock and a warrant to purchase 543,337 of the company’s common stock, in exchange for $31.26 million through the Treasury Department’s Capital Purchase Program.

Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: BNC Bancorp


Federal Equity Investment	$31.3 million
Total Revenue	$78.92 million (2007)
Net Income	$7.44 million (2007)
Number of Employees	205
Corporate Headquarters	Thomasville, North Carolina
Business Sector	Financial
Officers and Directors	W. Swope Montgomery Jr., President, Chief Executive Officer, Director of the Bank and the Company David B. Spencer, Chief Financial Officer and Executive Vice President of the Company and the Bank Richard D. Callicutt II, Chief Operating Officer, Executive Vice President, Director of the Bank and the Company
Corporate Website	http://www.bankofnc.com
Executive Compensation	BNC Bancorp