Carolina Financial Corporation provides various traditional community banking services to individuals and businesses in South Carolina and North Carolina. The company was founded in 1996 and is based in Charleston, South Carolina.
WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank (“United Bank”), announced the completion of its acquisition of Carolina Financial Corporation (“Carolina Financial”) (NASDAQ: CARO), the parent company of CresCom Bank (“CresCom”) with $4.8 billion in assets, headquartered in Charleston, South Carolina. United now has $25 billion in assets, with 230 offices in West Virginia, Virginia, Ohio, Pennsylvania, Marylan
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Carolina Financial Corporation (NasdaqGS: CARO) to United Bankshares, Inc. (NasdaqGS: UBSI). Under the terms of the proposed transaction, shareholders of Carolina will receive only 1.13 shares of United for each share of Carolina that they own. KSF is seeking to determine whether this consideration and the pro