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McGuireWoods represents Park Sterling Corporation in acquisition

November 2, 2011

McGuireWoods client Park Sterling Corporation, the holding company for Park Sterling Bank, completed its acquisition of Community Capital Corporation, the holding company for CapitalBank, on Nov. 1. Park Sterling, a Charlotte-based community bank led by former Wachovia senior executive James C. Cherry, has embarked on a series of growth initiatives to further its plan of becoming a leading financial institution in the Carolinas and Virginia, and this closing was a major step in that plan.