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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