Federal Reserve Board announces approval of application by BNC Bancorp

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 14, 2016. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act by BNC Bancorp to merge with High Point Bank Corporation and thereby indirectly acquire High Point Bank and Trust Company, all of High Point, North Carolina.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System