For immediate release

The Federal Reserve Board today announced its approval of the proposal by Centura Banks, Inc., Rocky Mount, to merge with Triangle Bancorp, Raleigh ("Triangle"), and thereby acquire Triangle's wholly owned subsidiary banks, Triangle Bank, Raleigh, and Bank of Mecklenburg ("Mecklenburg"), Charlotte, and Triangle's nonbanking subsidiary, Coastal Leasing, L.L.C., Greenville, all of North Carolina. The Board also approved the applications of Centura Bank, Rocky Mount, North Carolina, to merge with Triangle Bank and Mecklenburg, and to retain and operate branches at the locations of the main offices and branches of Triangle Bank and Mecklenburg. Attached is the Board's Order relating to this action.

Order (46 KB PDF)

2000 Orders on banking applications