The North Carolina Office of the Commissioner of Banks (OCOB) charters, licenses or registers a variety of financial institutions within the State.  These institutions can be divided into two distinct categories: Banking Institutions and Non-bank Financial Institutions.

Banking Institutions include all commercial banks, savings banks, savings & loan associations and non-depository trust companies chartered by this Office.  It also includes all financial holding companies registered with this Office, and all companies performing fiduciary activities (trust operations) licensed by this Office.

Financial institutions include a variety of financial service companies that provide specialized money services within our State.  Included in this group are Check Cashing Companies, Consumer Finance Companies, Money Transmitters, Mortgage Companies, Reverse Mortgage Lenders, and Tax Refund Anticipations Lenders.

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At its regular meeting yesterday, the Banking Commission approved the following applications: 

--Applications by Branch Banking and Trust Company, Winston-Salem, North Carolina, for authority to merge and be the survivor of mergers with Branch Banking and Trust Company of Virginia, Richmond, Virginia, and Branch Banking and Trust Company of South Carolina, Greenville, South Carolina. 

 --Application by RBC Centura Bank, Rocky Mount, North Carolina, for authority to merge and be the survivor of mergers with FLAG Financial Corporation (“FFC”), Atlanta, Georgia, and subsequently with FFC’s wholly-owned subsidiary, FLAG Bank, Atlanta, Georgia.

 --Articles of Incorporation and Application to charter a new commercial bank to be known as FirstSource Commercial Bank, Durham, North Carolina.  (Owing a challenge from an out-of-state bank under Federal trade mark laws, FirstSource Commercial Bank has agreed to change its name to “KeySource Bank” after December 31, 2006.)

--The articles of incorporation and application to charter a new commercial bank in Charlotte, North Carolina, to be known as Carolina Premier Bank, previously slated to be heard at this meeting, was deferred to the January 17, 2007 meeting.

Copy of the Calculation of Unimpaired Capital Memo responding to recent questions and concerns about the State's interpretation of North Carolina General Statute (NCGS) 53-1(9) wherein the unimpaired capital fund is defined.

A DeNovo Bank Study was created at the request of the NC Banking Commission to identify specific Metropolitan Statistical Area (MSA) in North Carolina and analyze the market to determine its capacity to support the growth of future state-chartered denovo bank charters.  This study includes all denovo banks chartered in North Carolina from 1995 - 2006. Attached are the slides presented to the Banking Commission on November 15, 2006. 

"A Regulator's View of Liquidity" By David Hanson, Chief Deputy Commissioner Presented to the NCBA Conference, Greensboro, NC  on February 19, 2003

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