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Community Bank of the Carolinas eyes early 2019 opening

Winston-Salem, N.C.-based Community Bank of the Carolinas is now targeting an early 2019 opening, and it will be led by Skip Brown as chairman and CEO, Triangle Business Journal reported. It was previously set to open in the fourth quarter.

James Monroe will be vice chairman and CFO, with Regina White as compliance officer and Doug Brewer as commercial lender, according to Triangle Business Journal.

Simpson Brown submitted a de novo application on May 14 and the organizers subsequently filed an application to the Federal Deposit Insurance Corp. to obtain FDIC insurance and a North Carolina state commercial bank charter.

Community Bank of the Carolinas on Dec. 6 received conditional approval to obtain federal deposit insurance, according to the report. The proposed bank is also working to raise capital through a $30 million public offering of common shares.