Novant Health said a group of 40 Charlotte doctors leaving the Winston-Salem hospital system to join Holston Medical Group of Tennessee will not continue to practice in Novant facilities once they break away.
A proposed $66 billion merger between BB&T and SunTrust Banks, which would put a new bank headquarters in Charlotte, NC, still needs approvals from the Federal Reserve and other regulators before it can close.
BB&T and SunTrust Banks are merging into a new bank that will be based in Charlotte, NC, a move that reserve’s the city’s trend of losing bank headquarters. It will be the sixth largest U.S. bank by deposits.
Bank of America and Wells Fargo remain the biggest banks in Charlotte, NC, where they employ thousands of people and continue to fill jobs. But these days the two financial companies are on different footing.
San Francisco bank Wells Fargo, which has its largest employment hub in Charlotte,unveiled a new marketing campaign “This is Wells Fargo” as part of its efforts to rebuild trust following a 2016 sales scandal and other missteps.
Sen. Elizabeth Warren criticized Wells Fargo to four North Carolina universities for “exorbitant” fees the San Francisco bank was founded charging college students by the Consumer Financial Protection Bureau.
Movement Mortgage said it will acquire Eagle Home Mortgage, part of Lennar Corporation, the first acquisition by the Indian Land, S.C., company. Movement plans to buy the retail mortgage operations of Eagle.
Wells Fargo has laid off hundreds of U.S. employees during the past year as the bank has pushed jobs overseas, according to an Observer analysis of Department of Labor Trade Adjustment Assistance documents.
Victims of the Ponzi scheme operated by businessman Rick Siskey could recover at least 90 percent of their investments under a proposed settlement filed in federal bankruptcy court in Charlotte, North Carolina.
The 2008 financial crisis changed “Banktown” Charlotte, NC, as Wachovia was bought by San Francisco’s Wells Fargo and Bank of America’s CEO stepped down amid fallout from the purchase of Merrill Lynch.
Charlotte, NC, is once again the second largest banking center in the U.S. Charlotte, headquarters of Bank of America, has overtaken San Francisco, which is home to Wells Fargo and now the third largest center.
The N.C. Office of the Commissioner of Banks has granted charter approval for American Bank & Trust, a community bank planned for Monroe in Union County. It’s the first new bank in North Carolina in a decade.