Finance
New downtown plan puts hotel at north end of Cannon Village
June 17. The Kannapolis City Council has unanimously endorsed the “North Option” for the redevelopment of downtown. It places a sports and entertainment complex in the north section of downtown, a hotel on Main Street, and a performing arts center on West Street. Residential development will be located in the historic district of the City […]
Uwharrie annual meeting May 10
Uwharrie Capital, parent company of Uwharrie Bank and Uwharrie Investment Advisors, will hold its annual meeting Tuesday, May 10, at the Stanly County AgriCivic Center in Albemarle. Dinner and fellowship will begin at 4:30 pm. Shareholders are invited to the business meeting at 6 pm.
blueharbor net rose in 4th quarter; new loan office
Feb. 15. blueharbor bank net income during the four quarter of last year was $261,213, compared to $255,232 in the same 2014 period. For the full year last year, the bank reported net income of $925,207, compared to $1.15 million in 2014. CEO Jim Marshall said resources used in the January 2015 expansion to Statesville […]
Banks report stellar growth in income, assets, deposits
Banks in the Golden Crescent are benefiting from an extraordinary economic boom in North Carolina, and their first nine months reflect exceptional growth in and around Charlotte. Harry Davis, the chief economist for the North Carolina Bankers Association, says loan growth nationwide is running about 2 percent per year. In North Carolina, it’s running at […]
Uwharrie Bank expands into Mecklenburg
Oct. 15. Albemarle-based Uwharrie Bank plans to expand into Mecklenburg County with residential mortgage lending, commercial lending and wealth management services. Uwharrie has operations in Anson County and Stanly County, as well as Cabarrus, where it formerly operated as Cabarrus Bank & Trust. Uhwharrie is opening Charlotte office at 141 Providence Road for its residential mortgage operations. […]
Jennifer Mills new director at Carolina Trust
Jennifer Marion Mills has been elected to the board of directors at Carolina Trust Bank. She is part of the Randy Marion group of auto dealerships and the daughter of the founder. CTB recently entered the Mooresville market with a loan production office. “We intend to steadily build our business on the east side of Lake Norman and […]
Uwharrie reports gains in second quarter
July 24. Second-quarter net income at Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, climbed nearly 11 percent this year vs. last. For the three-month period ended June 30, the financial institution earned $660,000 compared to $596,000 for the same period in 2014, a 10.74 percent improvement. Also for the second quarter of this year, net […]
Aquesta: ‘Really starting to hit its stride’
July 21. Aquesta Financial Holdings today reported record operating income for the second quarter of 2015: $590,000 vs. $446,000 during the same quarter last year. Total assets increased to $269.1 million at June 30, compared to $263.6 million at year-end. Total loans increased to $184.1 million at June 30, vs. $172.2 million at the end of 2014. “Our […]
Second-quarter net at blueharbor fell as new Statesville branch opens
July 10. Mooresville-based blueharbor bank says net income during the second quarter ended June 30 was $174,743, compared to $302,076 during the same period last year. For the first six months of this year, the bank reported net income of $353,220, compared to $545,593, for the six months ended June 30, 2014. For detailed results […]
Strategic Investment Advisors is now Uwharrie Investment Advisors
July 9. Uwharrie Capital Corp. has changed the name of it’s wealth management subsidiary, Strategic Investment Advisors, to Uwharrie Investment Advisors Inc. The Albemarle-based financial company says the anchor name of the parent company provides a single, cohesive presence. Uwharrie Capital and its subsidiaries, which serve Anson, Cabarrus and Stanly counties, dates back more than […]
