Banking
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 […]
Follow the money: Fifth Third chases market share with 2nd branch in Cornelius
Aug. 3. By Dave Yochum. With Fifth Third Bank officially opening its “Next Gen” financial center on West Catawba today, there are now more than a dozen banks dividing up more than $1.35 billion of deposits in Cornelius. Fifth Third is the only one with two branches in Cornelius. Of course, Aquesta’s main branch is […]
Uwharrie announces 2Q net
July 26. Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, reported net income for the three months ended June 30, 2021 was level with the same period last year. Net income available to common shareholders both this past quarter and the same year-ago quarter was $1.5 million or $0.21 per share. Consolidated total assets at […]
