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CLBH - Carolina Bank Holdings Inc.

Carolina Bank Holdings Inc. logo Carolina Bank Holdings Inc. (CLBH) is a bank holding company headquartered in Greensboro, North Carolina. Its subsidiary, Carolina Bank, operates as a full-service community bank with 11 branches located throughout central North Carolina.

As of December 31, 2021, Carolina Bank had total assets of $858.2 million, loans of $620.2 million, and deposits of $747.9 million. The bank offers a range of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. It also offers various lending products, such as residential and commercial mortgages, construction loans, and consumer loans.

In addition to traditional banking services, Carolina Bank provides wealth management and investment advisory services through its subsidiary, Carolina Bank Wealth Management. The subsidiary offers investment management, financial planning, and other advisory services to individuals, businesses, and non-profit organizations.

Carolina Bank Holdings Inc. was founded in 1996 and became a public company in 2009. Its stock trades on the OTC Pink market under the ticker symbol CLBH.

In December 2021, Carolina Bank announced that it had entered into a definitive merger agreement with American National Bankshares Inc. (AMNB). Under the terms of the agreement, American National will acquire Carolina Bank in an all-stock transaction valued at approximately $123.8 million. The merger is expected to be completed in the second quarter of 2022, subject to regulatory approvals and other customary closing conditions.

Overall, Carolina Bank Holdings Inc. has a strong presence in central North Carolina and a solid financial position, with steady growth in assets and loans in recent years. The pending merger with American National Bankshares Inc. is expected to provide additional opportunities for growth and expansion in




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