Carolina Alliance Bank (CAB) announced it has acquired the commercial leasing operations of Dave McBride Leasing. Concurrent with the signing of the purchase agreement, Dave McBride signed an agreement to manage the bank’s South Carolina leasing operations.

CAB said the acquisition is a significant addition to the bank’s existing commercial leasing line of business, which heretofore has been concentrated geographically in North Carolina.

John S. Poole, chief executive officer of CAB said, “I have known and had business relationships with Dave for many years. His care for and skill at taking care of his customers is admirable, and a great fit philosophically with our community bank strategy. Also, his customer base is very similar to the Bank’s commercial and professional banking customers.”

John Kimberly, the bank’s president, noted, “We are very excited about the opportunity to greatly enhance our leasing capabilities in South Carolina. This also adds scale to our leasing operations, allowing for certain operating efficiencies and possible service and revenue enhancements in the future.”