Oct. 25. United Bankshares Inc. reported third-quarter earnings of $96.2 million, or $0.71 per diluted share, as compared to earnings of $92.5 million, or $0.68 per diluted share, for the second quarter of 2023. Earnings for the third quarter of 2022 were $102.6 million, or $0.76 per diluted share. “Third-quarter results saw accelerated growth and […]
Aug. 1. United Bankshares reported second-quarter earnings of 2023 of $92.5 million, or $0.68 per diluted share, compared to earnings of $98.3 million, or $0.73 per diluted share, for the first quarter of 2023. Earnings for the second quarter of 2022 were $95.6 million, or $0.71 per diluted share. Richard M. Adams, Jr., United’s CEO, […]
May 11. Three years after entering North Carolina, JPMorgan Chase & Co. is dipping its toes in the Iredell County market. The largest U.S. financial institution by total assets—$3.38 trillion—Chase has opened a 3,352 square foot branch at 185 Williamson Road, not far from the Brawley School peninsula and Lake Norman. The state-of-the-art branch with […]
May 9. Jeanne Jordan is the new senior vice president/commercial banking officer at ServisFirst Bank, the full service commercial bank coming to Cornelius later this year. She has 17 years of banking experience, having been regional sales leader/senior vice president for United Community Bank in the Charlotte, Lake Norman and Wilmington areas. She played an […]
May 8. United Bankshares, which has a branch in Mooresville, reported earnings for the first quarter of 2023 of $98.3 million, or $0.73 per diluted share, as compared to earnings of $99.8 million, or $0.74 per diluted share, for the fourth quarter of 2022. Earnings for the first quarter of 2022 were $81.7 million, or […]
March 28. By Dave Yochum. Cornelius is getting another: a) Bank b) Bank c) Bank You guessed bank, right? When ServisFirst Bank opens on Bailey Road a half block from Hwy. 21 later this spring, it will be the 15th bank branch located in Cornelius. The new branch is a subsidiary of ServisFirst Bancshares, a […]
March 16. The former head of Wells Fargo Bank’s retail banking division has agreed to plead guilty to obstructing a government examination into sales practices misconduct, and pay a $17 million civil penalty. Federal authorities said Carrie L. Tolstedt, 63, of Scottsdale, Az. agreed to plead guilty to one count of obstruction of a bank […]
March 13. By Dave Yochum. Hundreds of members of Congress were on a Zoom call last night during which US Treasury Dept. officials announced extraordinary steps being taken to secure the nation’s financial system in the wake of the failure of Silicon Valley Bank. It was the second-largest bank failure in American history. Meanwhile banking […]
Feb. 3. It looks like another bank is coming to Lake Norman. ServisFirst Banchsares, which opened its first North Carolina office in December in Ballantyne, plans to open up somewhere in Lake Norman. There’s no word on where they’ll land in Lake Norman but the Birmingham, Ala.-based bank has already hired Lee Millican as its […]