Bailout Bank Bio: Carolina Bank Holdings, Inc.

Feb 3, 2009 | 2 min read | Print Article

Carolina Bank Holdings, Inc. was established for the purpose of serving as the bank holding company of Carolina Bank (the Bank), which is chartered in North Carolina. Carolina Bank provides commercial and consumer banking services to individuals and small to medium-sized businesses in Guilford, Alamance, and Randolph Counties, North Carolina. It was founded in 1996, is based in Greensboro, North Carolina, and has six retail locations.

In December 2008 Carolina Bank received preliminary approval for an investment of $16 million from the Treasury Department under its Capital Purchase Program. The bank began participating on the program in early January 2009. Carolina Bank is participating in FDIC’s Transaction Account Guarantee Program, which guarantees all of a bank’s non-interest bearing transaction accounts through December 31, 2009.

Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: Carolina Bank Holdings, Inc.


Federal Equity Investment	$16 million
Total Revenue	$34.434 million
Net Income	$3.024 million
Number of Employees	114
Corporate Headquarters	Greensboro, North Carolina
Business Sector	Bank
Officers and Directors	Braswell, Robert, President, Chief Executive Officer, Director Cornet, John, Chairman of the Board Other officers and directors
Corporate Website	http://www.carolinabank.com
Executive Compensation	Carolina Bank Holdings, Inc.