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Huntersville gas spill much larger than initial reports

Nov. 6. The NC Department of Environmental Quality says Colonial Pipeline underestimated the volume of gasoline released during a spill in the Oehler Nature Preserve in Huntersville in August. Colonial Pipeline estimated the spill at 272,580 gallons. New semi-weekly reports are apparently contradictory and indicate that the spill is “significantly larger” than initially reported. Colonial […]

Starr Miller designed this winning kitchen.

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, […]

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 […]

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 […]

Uwharrie Q3 net up 65%

Oct. 22. Uwharrie Capital Corp third-quarter net income rose 65 percent to $1.6 million compared to the same quarter in 2019. Net income available to common shareholders during the third quarter was $1.4 million or $0.20 per share compared to $826,000 or $0.11 per share for the same quarter in 2019, an increase of 80 […]

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 […]

aquestabank

Aquesta 3Q rises 10%

Oct. 21. Aquesta Financial Holdings reported third-quarter unaudited net income rose 10.7 percent to $1.1 million (20 cents per share) compared to third quarter of 2019 net income of $1.0 million (19 cents per share). Jim Engel, CEO, said despite the continued economic uncertainty caused by the COVID-19 pandemic, the Cornelius-based bank had another quarter […]

Chamber adding job listings

Oct. 21. The Lake Norman Chamber of Commerce is partnering up with a national company to provide a “Top Talent” job posting service to help drive candidate traffic to open job listings. The marketing partnership with www.LocalJobs.com gives chamber members with fewer than 50 employees unlimited job postings. A virtual kickoff will be held at […]

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 […]

Fifth Third picks Wilmington firm for digital services

Oct. 20. Fifth Third Bank has selected Wilmington-based nCino Inc. to help the bank accelerate its “digital transformation.” nCino is a leader in cloud banking solutions for the global financial services industry. Cincinnati-based Fifth Third is a recognized innovator on the digital side of the business, including business lines and channels that connect employees, clients […]

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