Banking

This tag is associated with 38 posts

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 […]

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 […]

Select launches second stock buyback in 13 months

Oct. 5. Select Bancorp, the holding company for Select Bank & Trust, has approved a new stock repurchase plan for up to 875,000 outstanding shares of its common stock. The company may repurchase shares on the open market or through privately negotiated transactions. The new plan replaces one announced in September 2019 for 937,248 outstanding […]

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Aquesta expanding to Charleston, SC market

Sept. 25. Aquesta Bank has received all regulatory approvals necessary to open a new branch in Mount Pleasant, just outside Charleston, SC. The new location, a former “big bank” branch, and open during the second quarter of 2021 after renovations. Aquesta opened in Cornelius in 2004. It now has eight full-service branch locations predominantly in […]

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Truliant will close Cornelius branch

Sept. 17. Four years after it opened, it looks like Truliant Federal Credit Union will close its 2,395-square foot branch in Antiquity Town Center. The 68-year-old Winston-Salem based financial institution the branch will permanently close on Friday, Oct. 9. Membership growth The credit union, which sponsors the Lake Norman Chamber golf tournament and the Carolina […]

2Q net at blue harbor up 17%

July 23. Mooresville-based blue harbor bank reported net income of $817,060 and $0.27 per diluted share for the second quarter of 2020, a 17% from the second quarter of 2019. For the six months ended June 30, the net income rose 17 percent to $1,516,150, up from $1,294,880 during the first six months in 2019. […]

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Aquesta announces strong 2Q results

July 23. Aquesta Financial Holdings, parent of Aquesta Bank, said net income for the second quarter of 2019 ended June 30 was $1,188,000 compared to second quarter of 2018 net income of $2,031,000. The net income for the second quarter of 2018 included a one-time gain of $1.4 million on Aquesta’s sale of its insurance […]

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 […]

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Uwharrie Capital declares stock dividend; strong 3Q results

Uwharrie Capital Corp, parent of Uwharrie Bank, has declared  2 percent stock dividend to be paid Dec. 14 to shareholders of record Nov. 28. Consolidated total assets rose 10.6 percent from $576 million as of Sept. 30 last year to $637 million as of the end of the third quarter this year. Net income for the […]

Matt Anderson is new BB&T Lake Norman market president

BB&T has promoted Matt Anderson to senior vice president and Lake Norman market president. Anderson will lead BB&T’s commercial banking team in Cornelius, Davidson, Denver, Mooresville, Huntersville and part of North Charlotte. Anderson joined BB&T in 2003 as an associate with its Management Development Program located in Winston- Salem. From 2003 through 2005 he held […]

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