Newsroom
Grow your business sustainably
BUSINESS ADVICE | By Cheryl Kane April 9. To be sustainable you generally need revenue generated from both returning customers and new customers. If revenue growth occurs primarily from new customers rather than from repeat customers, you may not be building a sustainable book of business for the future. To be clear: Churning customers (having […]
Carol Shinn new senior VP at Peoples
April 8. Carol Shinn, a 35-year veteran of the banking industry, has been promoted to senior vice president/chief information officer at Peoples Bank. She joined the Newton-based bank in 2015. Previously director of deposit operations at Peoples Bank, she has completed the LSU Graduate School of Banking. In her new role, Shinn will be in […]
The Power to Make a Difference
GUEST COLUMN. April 8. By Bill Russell. Spring is in the air, the azaleas are in full bloom and business is back at the lake! While we must continue to be diligent and cautious as we return to our favorite activities, consumers are again taking to their favorite retail stores and restaurants are seeing a […]
Aquesta reports sharply higher 1st quarter
April 7. Cornelius-based Aquesta Financial reported sharply higher first quarter results. The parent company of Aquesta Bank had unaudited net income of $2.5 million (46 cents per share) compared to the first quarter of 2020 net income of $881,000 (16 cents per share). Earnings grew at the rate of 186.5 percent in the first quarter […]
NC Sen. Marcus introduces bill to improve pipeline safety
April 6. NC Sen. Natasha Marcus has filed filed Senate Bill 549, Improve Pipeline Safety, in the wake of the worst pipeline leak in North Carolina history. Since the leak was discovered in August of last year more than 1.2 million gallons of gasoline have leaked from the 40-year-old pipeline which spans several counties in […]
Motorsports company moving from NY to Stanly County
April 6. A leading designer, manufacturer, and distributor of stainless-steel headers and exhaust system components will invest $4.37 million in a new manufacturing facility in Stanly County. American Racing Headers & Exhaust will create 63 new jobs with the move from Deer Park, NY to Stanfield. The new facility will combine both manufacturing and corporate […]
Fifth Third’s ‘next-gen’ branch will open in Cornelius in June
April 2. By Dave Yochum. A new Fifth Third branch on West Catawba in Cornelius will have an entirely different banking experience from the traditional Fifth Third branch that will remain open just a mile away. It will be a “next-generation” branch, which means open spaces and no teller windows. Fifth Third says it will […]
Uwharrie Capital announces stock repurchase plan
April 1. Uwharrie Capital Corp., holding company for Uwharrie Bank, will repurchase up to $1 million of its common stock. The company may repurchase shares on the open market or through privately negotiated transactions. “Based on a recent independent valuation of our stock, trades do not reflect the value of our company. At current trading […]
Federal agency responds to Huntersville gasoline spill
March 31. The federal agency that regulates the Colonial Pipeline has issued a “Notice of Proposed Safety Order” that requires a series of improvements to avoid future pipeline spills in Huntersville. Colonial Pipeline repeatedly revised the size of the gasoline spill, doubling it to roughly 1.2 million gallons. The spill in Huntersville this past August […]
Consulting firm expands brokerage division with new VP
March 31. Daniel Bellot will head the newly expanded brokerage division at Rose Associates in Davidson. The firm, which provides real estate, land use and economic development advisory services for public and private sector clients, is focusing on building a local experienced team who best understands local market dynamics, particularly regarding land acquisition and entitlements. […]
