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FDIC approves Bank of North Carolina/High Point Bank and Trust merger

The FDIC approvedthe merger betweenBank of NorthCarolina and HighPoint Bank and Trust Co., both based in High Point, N.C.

($6.48 billion), theparent company of Bank of North Carolina, expects to receive the FederalReserve Bank's approval of its acquisition of High Point Bank Corp. ($779.6 million), the parentcompany of High Point Bank, during the fourth quarter.

BNC Bancorpalready obtained the North Carolina Office of the Commissioner of Bank'sapproval for the merger, according to a press release.