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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina.

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Abrigo CEO Wayne Roberts announces retirement

Abrigo

He built a strong leadership team and an employee base that has been recognized consistently as one of the best places to work in Austin, Texas, and Raleigh, N.C., Roberts has led Abrigo through a tremendous growth period as well as through the pandemic and the related transition to a largely remote work environment.

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IBM Finalizes Red Hat Acquisition

PYMNTS

It was also noted that IBM will keep Red Hat’s Raleigh, North Carolina headquarters along with its brands, facilities and practices. The company will operate as a distinct IBM unit. Red Hat, which launched in 1993, specializes in Linux operating systems, an alternative to Microsoft Corp.’s s proprietary software.

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Growing a new branch

Independent Banker

Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. Location: Raleigh, N.C. By Ed Avis.

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UPS Takes Steps To Launch Drone Deliveries

PYMNTS

UPS announced that it has applied for a certification to operate commercial drone flights. It could receive the certification as early as this year, enabling UPS to have one of the first fully-certified, revenue-generating drone operations in the country. “UPS The company applied to the U.S.

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Dollar General Moves Toward Convenience

PYMNTS

If all goes well, the company hopes to build another location in Raleigh, N.C. Dollar General currently operates over 12,000 stores in 43 states. In early 2017 , Dollar General plans to open a smaller-concept convenience store in downtown Nashville, Tenn.

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Home Selling Platform Opendoor Seeks To Raise $200M

PYMNTS

Knock, an Opendoor rival, operates in such U.S markets as Atlanta, Raleigh-Durham and Dallas-Fort Worth. Owners sell their homes to Opendoor, which, in turn, helps buyers find the right home for them. Over 800,000 consumers reportedly toured the company’s homes last year.