Deal facts
- Buyer
- First Bancorp
- Target
- GrandSouth Bancorporation
- Deal value
- Not disclosed
- Announced
- 4 January 2023
- Status
- Completed
- Sector
- Financial Services
- Country
- United States
- Consideration
- shares
Sources
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1 update- CompletedClosed
First Bancorp completes acquisition of GrandSouth Bancorporation
Item 2.01 Completion of Acquisition or Disposition of Assets. Effective as of January 1, 2023, First Bancorp (“First Bancorp”), the holding company for First Bank, Southern Pines, North Carolina (“First Bank”), completed its acquisition by merger of GrandSouth Bancorporation (the “Company”), the holding company for GrandSouth Bank, Greenville, South Carolina (the “Merger”). The Company merged with
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Buyer history
First Bancorp
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