Recent Posts
Earnings increase sharply at Aquesta
Jan. 16 Aquesta Financial Holdings, the parent company of Aquesta Bank, reported record earnings and loan growth for the fourth quarter of 2018 as well as the full year. The Cornelius-based bank reported net income of $942,000 compared to $204,000 during the last quarter of 2017. For the full year 2018, net income was $4.2 […]
DH Griffin will demo old Philip Morris plant
Jan. 16. Greensboro-based D.H. Griffin Cos. will begin demolishing the old Philip Morris plant in Concord within the next 30 days. Now known as The Grounds at Concord, the buildings total some 3.5 million square feet. The 2,000 acre site owned by Bootsmead LeaseCo is being marketed by JLL Carolinas for an undisclosed price. Griffin […]
Clark, Marcus at Newsmakers Breakfast Jan. 24
Lake Norman’s two newest legislators will be the Newsmakers Breakfast speakers Jan. 24 at The Peninsula Club. On deck for the Q&A with Cornelius Today and Business Today readers are NC Rep. Christy Clark and NC Sen. Natasha Marcus. Clark, a Huntersville resident, and Marcus, a Davidson resident, represent Cornelius in the House of Representatives […]
Despite false starts, are autonomous vehicles on the road to acceptance?
It’s 2029 and you’re sound asleep cruising to a mountaintop getaway in your first autonomous vehicle, a Jaguar XJ, which looks futuristic and classic all at the same time, and performs beautifully, thanks to Tata’s brilliant designers and programmers in India where most of the population practices Hinduism. And suddenly there’s a cow in the […]
Tricia Sisson will chair LKN Chamber this year
A name from Cornelius business and local GOP politics will be front and center at the Lake NormanChamber of Commerce in 2019. Tricia Sisson, who ran for Cornelius Town Board in 2017, will officially take over the chamber’s volunteer reins on Friday. The chamber has close to 900 members, about the same as 2017. “Our […]
Carolina Trust completes acquisition of Clover Community
Jan. 9. Carolina Trust Bank has completed its merger with Clover Community Bankshares, resulting in a $600 million banking company headquartered in Lincolnton. The $21 million acquisition of South Carolina-based Clover Community was announced in June last year. Jerry L. Ocheltree, president and CEO of Carolina Trust, said the same employees that served Clover customers […]
New valuations: Ringing in the new year with a loud gong
Jan. 9. By Dave Yochum. The go-go housing market has been great news for sellers in Lake Norman for years. But now, for owners, the tax man cometh. Quickly appreciating values, up 5 percent from October of 2017 to October of 2018, according to Case-Shiller, will be reflected in new valuations coming from Mecklenburg County […]
Market volatility creates ups and downs for financial advisors
“During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, […]
Does Kindred’s score reflect expansion challenges more so than food safety?
Jan. 7. UPDATED. Span of management is said to be behind Kindred’s startling 88 score from the Mecklenburg County Health Dept. Restaurant owners Joe and Katy Kindred’s first venture outside of Davidson, Hello Sailor, opened in Cornelius a little over a year ago. Since then, the owners have had their hands full operating two […]
Continuum doubles some internet speeds
Mooresville-based Continuum is increasing internet speeds for its residential customers by up to 100 percent, while at the same time keeping monthly service rates level. The new broadband speeds help position Continuum as one of the most competitive providers in the market. The company, which serves Mooresville, Davidson and Cornelius, also introduced “Ultimate Broadband” which […]
