Carolina Alliance Bank to merge with Forest Commercial Bank

From the Hendersonville Lightning:

Carolina Alliance Bank and Forest Commercial Bank jointly announced today that they have signed a definitive merger agreement. The proposed combination will create a full-service community bank serving customers principally in upstate South Carolina and western North Carolina.

The combined bank will have three full-service offices located in Spartanburg, SC, Asheville and Hendersonville; a loan production office in Charlotte; and a proposed branch office to be located in Seneca, SC. All of the offices will operate as Carolina Alliance Bank. The bank will be headquartered in Spartanburg, SC, with senior management personnel operating from both Spartanburg and Asheville.

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