First Carolina in N.C. raises $45 million in private placement

First Carolina Financial Services in Rocky Mount, N.C., has raised $45.4 million.

The $3.2 billion-asset company sold common stock through a private placement, according to data compiled by Performance Trust Capital Partners. The pricing, shares sold and investors were not disclosed.

First Carolina agreed earlier this year to buy BM Technologies in Radnor, Pa., for $67 million in cash in a deal expected to close in the first quarter.