Business
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 […]
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 […]
Birkdale Village will get a refresh with new owner
Oct. 19. By Dave Yochum. Birkdale Village will be sold to North American Properties for an undisclosed amount, according to sources. The 66-year-old North American has developed more than $7 billion in properties, including 22 million square feet of commercial space and 19,000 residential units in 15 states. The mixed-use project in Huntersville is apparently […]
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 […]
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 […]
RMC bringing 80 jobs to Newton
Oct. 16. RMC Advanced Technologies, a manufacturer of molded plastic and composite parts, will develop a new manufacturing operation in Newton, expanding a facility previously used for plastics manufacturing and bringing 80 jobs to Catawba County. RMC technology specializes in processes that support high-volume, high-speed, and large surface-area molding. A performance-based grant of $150,000 from […]
