Richmond Savings Bank, SSB, to Proceed With Stock Sale.

Business Wire | October 4, 1996 | Copyright

ROCKINGHAM, N.C.--(BUSINESS WIRE)--Oct. 4, 1996--R. Larry Campbell, president of Richmond Savings Bank, SSB, Rockingham, announced that Richmond Savings Bank, SSB, has received approval from the administrator of the North Carolina Savings Institutions Division, Raleigh, N.C., to proceed with its plan to convert from a North Carolina-charted mutual savings bank to a North Carolina-chartered stock savings bank, subject to approval of the plan by its members.

Under the plan of conversion, Carolina Fincorp Inc., Richmond Savings Bank's proposed holding company is ...

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