CCB Financial Corp.

• Position: Acquired by National Commerce Bancorp - Brief Article

Durham-based CCB Financial Corp. is being gobbled up by Memphis-based National Commerce Bancorporation in a deal worth $1.95 billion. It's the first time a big Tar Heel bank has been snagged by an out-of-stater. When the deal was announced, National Commerce's stock offer translated to $48.23 per CCB share, a 25% premium for shareholders. CCB is a delectable morsel. Unlike some of its Carolina competitors, the bank's network of branches isn't larded with offices in slow-growing small towns. CCB has focused on fast-growing cities along...