BNCN Profile
BNC
Bancorp (BNCN) was a bank holding company that operated in the
Southeastern United States. In 2018, BNCN merged with Pinnacle
Financial Partners, Inc., and its operations were integrated into
Pinnacle Bank.
Prior to the merger, BNCN operated as the parent
company of Bank of North Carolina, which was a community bank
headquartered in High Point, North Carolina. The bank offered a range
of financial products and services to individuals and businesses,
including checking and savings accounts, loans, mortgages, and wealth
management services.
BNCN was founded in 1991 and grew through
a series of acquisitions over the years, including the acquisition of
KeySource Financial in 2015. At the time of its merger with Pinnacle
Financial Partners, BNCN had approximately $7.4 billion in assets and
operated more than 70 banking offices throughout North Carolina, South
Carolina, Virginia, and Maryland.
The merger with Pinnacle
Financial Partners was completed in June 2018, and BNCN shareholders
received 0.5235 shares of Pinnacle Financial Partners for each share
of BNCN they owned. The merger created one of the largest banks in the
Southeast, with over $22 billion in assets and a presence in nine
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