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News and Articles on GBC Bancorp (GBCB)
Mercantile Bancorp Anticipates Gain on Equity Investment in First Charter Aug 23, 2007 The company owns 164,012 shares of First Charter Corporation, received from the sale of its stake in GBC Bancorp, Inc. in November 2006, when First Charter acquired GBC. Mercantile received cash and First Charter stock in that transaction ... "Our initial investment in GBC Bancorp as a startup has paid off handsomely," said Ted T. Awerkamp, president and CEO. "Over the years, our equity investments in startup community banks have generated some significant gains, although we commit only a small... (PR Newswire)
First Charter delays filing annual report Mar 9, 2007 First Charter's audit committee is investigating accounting policies related to its November acquisition of GBC Bancorp Inc., as well as compensation matters and related controls. GBC is the holding company for Gwinnett Banking, a $418 million-asset community bank based in Lawrenceville, Ga. (Charlotte Business Journal, NC)
First Charter delays 4Q earnings for 2nd time Jan 30, 2007 The Charlotte-based bank cites the need for more time to analyze accounting entries from its acquisition of Georgia-based GBC Bancorp Inc. as well as other reviews ... 6 times GBC Bancorp's book value as of March 31. (Charlotte Business Journal, NC)
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