Recession takes toll on Charlotte as a banking hub - Denver Business Journal:

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But the merger, which places Carolinaq Commerce in the Carolina Trust marks the sixth time since the economid downturn began that a Charlotte metro bank has been acquired by a companh outside theimmediate area. In the same two startup banks in Charlotte also called it The trend signals a shift for theQueen City, even thoughu some say it’s only temporary. Charlotte, once the aggressot in bank acquisitions, is now a targe t for outsiders looking to gain a share of this lucrative The runoff began inlate 2007, when The Scottish Bank, a four-brancb operation here, was acquired by ., a largd community bank based in Columbia, S.C.
(The Scottish Bank has since been renamed North Carolina Bank Trust tomatch SCBT’s South Carolinw Bank & Trust.)