Business
Blueharbor bank reports gains in second quarter
Mooresville-based blueharbor bank reported second-quarter net income rose 8% to $698,480 compared to $647,933 earned during the second quarter of 2018. For the six months ended June 30, net income was $1.29 million, up 6% from the first half of 2018. CEO Jim Marshall net income growth for the second quarter of 2019 was driven […]
TDS plans to buy Continuum for $80 million
Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in Davidson […]
Mooresville outfit adopts ESOP to help spur growth
AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best workforce and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. […]
Sale of Continuum may fetch $80 million
Aug. 12. By Dave Yochum. It looks like Continuum, the new name of MI-Connection, could fetch $80 million in a proposed sale that will be outlined at the Davidson Town Board meeting Tuesday night. That’s what the towns of Davidson and Mooresville paid to take over a piece of the old, scandal-plagued Adelphia system back […]
High-end real estate firm establishes beachhead in Mooresville
Aug. 8. HM Properties has acquired Anchor Real Estate in Mooresville, adding a third office to the SouthPark-based firm, according to Valerie Mitchener, owner and broker-in-charge. Josh Tucker, former owner of Anchor, will stay on as broker in charge of HM’s Lake Norman office. HM has an established niche in the high-end market on Charlotte’s […]
JPMorgan Chase expanding into NC
Aug. 7. Cornelius and Chapel Hill are part of JPMorgan Chase Bank’s rollout in North Carolina. The big bank—one of the largest in the world—plans a branch on prime corner property at Jetton and West Catawba, just outside The Peninsula. While it could be many months before ground-breaking in Cornelius, JPMorgan Chase plans up to […]
Cornelius estate will be on ‘Selling Mega Mansions’
Aug. 7. By Dave Yochum. Hollywood comes to Cornelius on Friday when a TV production team from “Selling Mega Mansions” films an estate at 21123 Torrence Chapel Road. The pricetag: $4.25 million. Pam Boileau, a Cornelius resident herself, has the listing for the 8,250-square-foot home. The 8,250 square foot mansion sits on five acres, […]
Opioid crisis has major implications for business
Aug. 7. By Dave Vieser. The opioid epidemic continues to loom large in North Carolina business and industry, although dispensing here has decreased by 24% since 2017. Fifteen states have passed laws limiting opioid prescribing for acute pain to a 7-day supply. Arizona, North Carolina, and New Jersey limit initial prescribing to 5 days. Prescriptions […]
Burke-Samson opening bakery next to Kindred
Justin Burke-Samson, the manager of the Davidson Farmers Market, will open a bakery called Bonjour Y’all next door to the Kindred restaurant where he was previously executive pastry chef. Bonjour Y’all replaces Gateau on Main Bakery and Dessert Bar in 700 square feet downtown. Gateau on Main will close in early August. The menu and […]
Sprizzi not coming to Cornelius after all
Aug. 5. By Dave Yochum. Plans for the much-heralded Sprizzi Bev-Co. operation in the old Michael Waltrip Raceworld complex on Liverpool have fizzled out. An unnamed entity is buying Sprizzi for an undisclosed amount, according to Tim Goff, the president and CEO of Sprizzi. In December, Cornelius officials said they expected Sprizzi would create 250 […]
