Recent Posts
Mt. Airy bank cites COVID-19 in lower third quarter results
Oct. 29. Mount Airy-based Surrey Bancorp, the holding company for Surrey Bank & Trust, reported lower earnings for the third quarter ended Sept. 30. Net income totaled $1,052,172 or $0.25 per fully diluted share, compared to $1,676,806 or $0.40 per fully diluted common share earned during the third quarter of 2019. Total assets rose 28.3 […]
Aquesta declares dividend
Oct. 23. Cornelius-based Aquesta Financial Holdings has declared a cash dividend of 12 cents per share to shareholders of record as of Nov. 6. The eighth annual consecutive dividend is payable on Nov. 20. Earlier this week Aquesta posted higher third-quarter earnings. CEO Jim Engel said, adjusted for stock splits, the dividend has been increased […]
Pratt& Whitney investment valued at $650MM
Oct. 22. Pratt & Whitney will invest approximately $650 million over several years to build new manufacturing plant in Asheville. The company, a division of Raytheon Technologies Corp., will create 800 jobs through 2027. The 1 million square foot high-tech turbine airfoil production facility “signals a bright future in aviation even with the current challenges […]
Aquesta 3Q rises 10%
Oct. 21. Aquesta Financial Holdings reported third-quarter unaudited net income rose 10.7 percent to $1.1 million (20 cents per share) compared to third quarter of 2019 net income of $1.0 million (19 cents per share). Jim Engel, CEO, said despite the continued economic uncertainty caused by the COVID-19 pandemic, the Cornelius-based bank had another quarter […]
Chamber adding job listings
Oct. 21. The Lake Norman Chamber of Commerce is partnering up with a national company to provide a “Top Talent” job posting service to help drive candidate traffic to open job listings. The marketing partnership with www.LocalJobs.com gives chamber members with fewer than 50 employees unlimited job postings. A virtual kickoff will be held at […]
Atrium launches 3 new COVID-19 clinical trials
Oct. 20. Atrium Health has launched three new COVID-19 treatment clinical trials, which are the only outpatient treatment trials available in the region to address the COVID-19 virus. All for outpatient use, the first trial is the Gilead Remdesivir Trial, the second is the Regeneron Trial and the third is the Regeneron Prophylaxis Trial. The […]
Fifth Third picks Wilmington firm for digital services
Oct. 20. Fifth Third Bank has selected Wilmington-based nCino Inc. to help the bank accelerate its “digital transformation.” nCino is a leader in cloud banking solutions for the global financial services industry. Cincinnati-based Fifth Third is a recognized innovator on the digital side of the business, including business lines and channels that connect employees, clients […]
Partial consent judgments entered in SEC matter; Fla. developer charged
Oct. 19. The U.S. District Court for the Western District of North Carolina entered partial consent judgments against defendants Dana J. Bradley, Marlin S. Hershey, D. Bradley, Inc., Bryant Boys, LLC, Distressed Lending Fund, LLC, Erdnit LLC, Hershey Enterprises, Inc., MW Enterprises, LLC, Performance Holdings, Inc., and Performance Retire on Rentals, LLC for their involvement […]
Meeting Street acquires 19 lots in Belmont
Cornelius-based Meeting Street Homes & Communities has acquired 19 lots in Belmont, sales have begun for the first of three townhome buildings in Meeting Street Towns at Seigle Point. Joe Roy is owner of Meeting Street. The 1,593-square-foot townhomes have two to three bedrooms, 2.5 baths, an open floor plan with kitchen balcony and walk-in […]
