Banking
United Bankshares 1Q earnings rise 10%
April 29. United Bankshares reported earnings for the first quarter of 2022 of $81.7 million, or $0.60 per diluted share, as compared to earnings of $73.9 million, or $0.56 per diluted share, for the fourth quarter of 2021. The quarter was highlighted by strong 11% annualized loan growth (excluding Paycheck Protection Program loans), net interest […]
First Bank officially takes over Select
March 21. First Bancorp, the parent company of First Bank, has officially taken over Select Bank, which had an office on West Catawba at Nantz Road. Southern Pines based First Bank gained 11 locations with the acquisition of Select, including Sylva, Highlands, Franklin, the Ballantyne area of Charlotte, Elizabeth City, Cornelius, Dunn, Clinton, and Goldsboro; […]
New VP for small business development at LKN Chamber
Laura Rizzetta, the former branch manager of United Community Bank in Cornelius, formerly Aquesta, is the new vice president for Small Business Development & Investor Relations at the Lake Norman Chamber of Commerce. She has served for 27 years in retail banking in both North and South Carolina. As a member of the chamber in […]
United Bankshares reports record full-year 2021 earnings
Jan. 27. United Bankshares reported earnings for the fourth quarter and the year of 2021. Earnings for the fourth quarter of 2021 were $73.9 million, compared to earnings of $92.4 million or the fourth quarter of 2020. Earnings for the year of 2021 were a record $367.7 million as compared to earnings of $289.0 million […]
Another round of COVID bonuses coming for Fifth Third employees
Nov. 18. Fifth Third Bank, which has a substantial footing locally thanks to the First Charter acquisition in 2007, will make a special payment of $1,250 to full-time employees who have provided essential banking services during the pandemic. “Our employees have gone above and beyond to ensure that we continue to meet the financial needs […]
United Community Banks completes acquisition of Aquesta
Nov. 1. By Dave Yochum. United Community Banks, which has officially taken over Aquesta Financial Holdings, is erecting new signage on the Jetton Road headquarters of the local bank. It marks the end and the beginning of two financial institutions in Cornelius. Aquesta, founded by Jim Engel and other investors in 2006, had $752 million […]
United Bankshares reports earnings
Oct. 26. United Bankshares reported third quarter earnings of $92.2 million, or $0.71 per diluted share, as compared to earnings of $103.8 million, or $0.80 per diluted share, for the third quarter of 2020. “Our earnings continued to be strong in the third quarter of 2021 as we earned net income of $92.2 million, diluted […]
Uwharrie reports 68% increase in 3Q net, 3% stock dividend
Oct. 21. Uwharrie Capital reported net income for the third quarter of $2.7 million was 68 percent higher than the same period in 2020, For the three months ended Sept. 30, net income available to common shareholders was $2.5 million compared to $1.4 million during the same quarter in 2020, an increase of 77 percent. […]
blueharbor bank reports much higher 3Q
Oct. 14. Mooresville-based blueharbor bank reported third-quarter net income rose 74 percent to $1,375,837 from $789,152 during the same quarter last year. For the nine months ended Sept. 30, net income was $3,597,426, compared to $2,305,302 for the same period last year. Loan growth “Our organic loan growth continues to be very strong at […]
First woman appointed to Peoples boards of directors
Sept. 24. Kimberly Boyd-Leaks has been named to the boards of directors of Peoples Bancorp of North Carolina and wholly owned subsidiary, Peoples Bank. She is currently the executive vice president, chief banking support officer at the bank and is responsible for human resources, marketing, learning & development, call center, retail sales support and customer […]
