Jim Cherry, CEO of Charlotte-based Park Sterling Corp., has grown the company into a multistate community bank since Park Sterling went public in 2010. On Thursday, Park Sterling reported a 28 percent drop in first-quarter profit, as expenses rose in connection with its purchase of Virginia's First Capital Bancorp.
Jim Cherry, CEO of Charlotte-based Park Sterling Corp., has grown the company into a multistate community bank since Park Sterling went public in 2010. On Thursday, Park Sterling reported a 28 percent drop in first-quarter profit, as expenses rose in connection with its purchase of Virginia's First Capital Bancorp. Maria Sharp msharp@charlotteobserver.com
Jim Cherry, CEO of Charlotte-based Park Sterling Corp., has grown the company into a multistate community bank since Park Sterling went public in 2010. On Thursday, Park Sterling reported a 28 percent drop in first-quarter profit, as expenses rose in connection with its purchase of Virginia's First Capital Bancorp. Maria Sharp msharp@charlotteobserver.com

Park Sterling’s first-quarter profit falls 28 percent

April 28, 2016 12:07 PM