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Select Bank reports lower 2Q net

Aug. 6. Select Bank & Trust Co., which has a new branch in Cornelius, reported net income for the quarter ended June 30 of $681,000 with basic and diluted earnings per share of $0.04, compared to net income of $3.4 million with basic and diluted earnings per share of $0.18 for the same quarter last […]

U.S. Air Force photo/Robbin Cresswell

Decision-making in a pandemic

Plan. Implement. Modify. Pause. Pivot. Regroup. Re-train. Whew! Aug. 5. Cheryl Kane. With its tumultuous impact on our environments, how do you successfully manage a business in Covid-19 times? With purposeful care and courage. Yes, the unsettling nature of turbulence slamming into our lives in so many ways sometimes makes it easy to get caught […]

HomeTrust says COVID-19 affected net

HomeTrust Bancshares, holding company of HomeTrust Bank, today announced  preliminary net income for the fourth quarter and fiscal year of 2020, approval of its quarterly cash dividend, and its updated response to the COVID-19 pandemic. For the quarter ended June 30, 2020 compared to the corresponding quarter in the previous year: net income was $3.6 […]

Kim Saragoni: Main Street Champion

Kim Saragoni is Main St. champ in Mooresville

July 28. Kim Saragoni, chair of the Mooresville Downtown Commission, has been recognized as the “2020 Downtown Mooresville Main Street Champion” by the North Carolina Main Street Program. The owner of Four Corners Framing and Gallery has been on the MDC board since 2007. Since then, she has brought her energy to multiple committees, volunteering […]

Atrium Health gets ‘Best Hospital’ ranking from US News & World Report

July 28. Atrium Health’s Carolinas Medical Center has been recognized by U.S. News & World Report as the “Best Hospital” in the Charlotte metro region for the fourth consecutive year. New to the 2020- 2021 rankings, Atrium Health’s Levine Cancer Institute was also named among the best in the nation for cancer care. Atrium Health […]

Second quarter net at Uwharrie rises 80%

July 27. Uwharrie Capital and its subsidiary, Uwharrie Bank, reported consolidated total assets of $748.2 million as of June 30 this year vs. $656.8 million at year-end 2020. Net income for the six-month period ended June 30, 2020, was $1.9 million, up from $1.6 million for the same period in 2019. For the six months […]

Red Ventures photo

Red Ventures tells staff to work from home till at least January

July 27. Red Ventures, one of the largest employers in the Charlotte region, has told employees they are not expected back in the office until at Least early next year. The technology/marketing company, which has a large campus in Indian Land, has 2,000 local employees. The Indian Land offices, complete with a bowling alley and […]

President Donald J. Trump waves as he leaves the stage following the ribbon cutting ceremony October 17, 2019, at the Louis Vuitton Workshop- Rochambeau in Alvarado, Texas. (Official White House Photo by Shealah Craighead)

Trump visits NC biotech company today

July 27. President Donald Trump will visit the Fujifilm Diosynth Biotechnologies’ Innovation Center in the Research Triangle Park today. The company is helping with the manufacturing of components for a potential vaccine developed by Novavax. That vaccine is expected to be in Phase 2 clinical trials by the middle of August. As of Sunday, North […]

KS Bancorp announces 2Q financial results

July 24. Smithfield-based KS Bancorp reported net income of $971,000 or $0.88 per diluted share, an increase of 7.0% for the three months ended June 30,  compared to net income of $907,000 or $0.82 per diluted share, for the three months ended June 30, 2019. Net interest income for the three months ended  June 30, was […]

COVID-19, PPP loans affect Surrey net

July 23. Surrey Bancorp, holding company for Surrey Bank & Trust, today reported second quarter net income of $971,563 or $0.23 per fully diluted share, compared to $1,165,651 or $0.28 per fully diluted common share earned during the second quarter of 2019. Net interest income decreased from $3,338,262 in the second quarter of 2019 to […]