Southcoast Financial Corporation (NASDAQ:SOCB) Shareholder Alert: Takeover Under Investigation
On August 14, 2015, BNC Bancorp (NASDAQ: BNCN), the holding company for Bank of North Carolina, and Southcoast Financial Corporation (NASDAQ:SOCB), the holding company for Southcoast Community Bank, have entered into an agreement pursuant to which BNC Bancorp will acquire all of the common stock of Southcoast Financial Corporation in a stock transaction valued at approximately $95.5 million, based on the closing price of BNC common stock on August 13, 2015.
View full press release