BNC Bancorp (NASDAQ:BNCN) Files An 8-K Results of Operations and Financial Condition
Item2.02
|
Results of Operations and Financial Condition |
On January22, 2017, BNC Bancorp issued a press release which
disclosed financial results for the quarter and year ended
December31, 2016.
The Companys press release is attached hereto as Exhibit 99.1,
and is incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit 99.1 Press release, dated January22, 2017
2
About BNC Bancorp (NASDAQ:BNCN)
BNC Bancorp is a bank holding company for Bank of North Carolina (BNC or the Bank). BNC is a full service commercial bank principally engaged in the business of attracting deposits from the general public and using those deposits, together with other funding from its lines of credit, to make primarily consumer and commercial loans. It operates through two segments: banking operations and mortgage origination. The primary purpose of the mortgage origination segment is the origination and subsequent sale of residential mortgage loans, while all other banking activities are performed in the banking operations segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products. The Bank invests in government-sponsored mortgage-backed securities, the United States and government agency securities, municipal and corporate debt securities, and equity securities, among others.