Proposed community bank in Statesville issues IPO


A proposed community bank in the Charlotte region is taking the next steps to become North Carolina's first de novo bank since 2009.

Spirit Community Bank announced Thursday it is offering up to 3 million shares, at $10 per share, of its common stock to the public. Investors can buy shares until Sept. 30, unless otherwise noted.

The bank's organizers hope to secure the needed capital and open the doors in Statesville this fall. Longtime banking executive William Long Sr. serves as president and…

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