Newsroom
StarrMiller Interior Design takes a first place in Dacor National Kitchen Design contest
Nov. 5. Starr Miller of StarrMiller Interior Design in Cornelius won National First Place Winner in the Traditional Category in addition to being recognized as a First Place East Coast Regional Winner and National Finalist in the the inaugural 2020 Dacor National Kitchen Design contest celebrating innovative kitchen designs. Her awards include a cash prize of $42,500. Dacor, […]
Davidson hires interim town attorney
Nov. 1. The Davidson Town Board unanimously approved hiring Steve Gambill to serve as Interim town attorney until the position left open by Cindy Reid’s retirement, is filled. Gambill, a retired attorney, served as Mooresville town attorney for 15 years before retiring in July.
Symetra at River Run CC
Oct. 30. River Run Country Club will be busy starting this weekend with the Symetra Tour running Nov. 1-6. There will be a total purse of $175,000 and 84 players who will compete in a 72-hole stroke play format with a cut to the low 60 players and ties after 36 holes. The winner’s share […]
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 […]
Live Oak Bank is top SBA lender nationwide by dollar volume
Oct. 29 Wilmington-based Live Oak Bank is the most active SBA 7(a) lender in the US by dollar amount according to new data from the U.S. Small Business Administration. Live Oak approved 1,068 7(a) loans valued at $1.49 billion during the year ended Sept. 30. The 7(a) loan program is the SBA’s flagship program; lenders […]
New CEO at HomeTrust
C. Hunter Westbrook is the new president and CEO of HomeTrust Bancshares, the holding company of HomeTrust Bank. Westbrook joined Asheville-based HTB in 2012 as executive vice president. In 2018 he was promoted to senior executive vice president and chief operating officer. Dana L. Stonestreet will continue to serve as chairman and CEO of the […]
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 […]
Stein Mart filing: A history of retail’s decline in 246 words
Oct. 22. Stein Mart will officially close its doors in the Shops at Fresh Market in Cornelius on Oct. 26. No replacement has been announced. Part of the Jacksonville, Fla. company’s bankruptcy filing said the retail industry was challenging even before the COVID-19 pandemic became widespread in March. The July resurgence in the coronavirus sank […]
