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  • American City Business Journals7 months ago

    Lee Roberts resigns as N.C. budget director; other leadership changes announced

    Gov. Pat McCrory on Thursday announced a couple of big changes to his administrative cabinet. North Carolina's state budget director, Lee Roberts, is resigning his position to return to the private sector, and McCrory has moved Revenue Secretary Lyons Gray to an open position on the state Utilities Commission following the resignation of Susan Rabon on Jan. 1. Replacing Gray as Secretary of Revenue will be Jeff Epstein, the chief operating officer of the Department of Revenue since April 2013.

  • American City Business Journals9 months ago

    BREAKING: Yadkin Bank to buy NewBridge Bank

    Yadkin Bank of Raleigh and Greensboro-based NewBridge Bank plan to merge in a deal that will add heft to the state's largest community bank. The $456 million deal, announced Tuesday, will leave Yadkin (YDKN) shareholders with a nearly two-thirds stake in the combined bank, which will be based in Raleigh with Yadkin Bank's Scott Custer continuing as president and CEO. "We believe that Yadkin is the ideal partner for our bank," NewBridge President and CEO Pressley Ridgill said.