Bucking a trend, one out-of-state bank will exit North Carolina

Key insight: A small Virginia bank plans to exit North Carolina. It's already shuttered two loan production offices, and it expects to sell two branches in the second half of 2026.What's at stake: Many of the industry's most prominent players are taking the opposite tack, establishing aggressive expansion plans in high-growth North Carolina and South Carolina.Supporting data: North Carolina is the nation's third-fasting-growing state, according to Census data.At a time when banks around the country are lini ...