Ncnb Re Pops The Question To C&S
Hugh McColl may get the last laugh. Two years ago, NCNB's acquisitive chairman offered to acquire Atlanta-based Citizens & Southern but was rebuffed by C&S Chairman Bennett Brown. Instead, Brown engineered a merger with Virginia's Sovran Financial. But all has not gone well. The stock price of C&S/Sovran has been in a long slump, mostly because of concerns over bad loans.
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