This tag is associated with 45 posts

Carol Shinn new senior VP at Peoples

April 8. Carol Shinn, a 35-year veteran of the banking industry, has been promoted to senior vice president/chief information officer at Peoples Bank. She joined the Newton-based bank in 2015. Previously director of deposit operations at Peoples Bank, she has completed the LSU Graduate School of Banking. In her new role, Shinn will be in […]


Aquesta reports sharply higher 1st quarter

April 7. Cornelius-based Aquesta Financial reported sharply higher first quarter results. The parent company of Aquesta Bank had unaudited net income of $2.5 million (46 cents per share) compared to the first quarter of 2020 net income of $881,000 (16 cents per share). Earnings grew at the rate of 186.5 percent in the first quarter […]

A Fifth Third Bank next gen branch (Photo by Daniel Boczarski/Getty Images for Fifth Third Bank)

Fifth Third’s ‘next-gen’ branch will open in Cornelius in June

April 2. By Dave Yochum. A new Fifth Third branch on West Catawba in Cornelius will have an entirely different banking experience from the traditional Fifth Third branch that will remain open just a mile away. It will be a “next-generation” branch, which means open spaces and no teller windows. Fifth Third says it will […]

Uwharrie upgrades to OTCQX Best Market

March 16. Shares in Uwharrie Capital, holding company for Uwharrie Bank, began trading today on OTC Markets Group’s OTCQX® Best Market. The company qualified to trade on the OTCQX and upgraded from the Pink market. OTC Markets Group operates financial markets for approximately 11,000 U.S. and global securities. Uwharrie Bank is a community banking organization […]

blueharbor declares cash dividend of 10 cents per share

March 11. The board of directors of blueharbor bank has declared a cash dividend of $0.10 per share on common stock outstanding to shareholders of record as of March 19. The dividend is payable on April 9. CEO Jim Marshall said the dividend was based on the bank’s operating results over the past few years, […]


Aquesta full year 2020 rose 21% vs. 2019; 4th quarter up 72%

Jan. 21. Fourth quarter 2020 net rose 72 percent at Cornelius-based Aquesta Financial compared to the fourth quarter of 2019. For the full year ended Dec. 31, 2020 net income rose 21 percent to $5.3 million (96 cents per share) compared to the $4.4 million (82 cents per share) during 2019. CEO Jim Engel said […]


Aquesta lands ‘Top Workplace’ award

Dec. 16. Cornelius-based Aquesta Bank has been recognized by the Charlotte Observer as a Top Workplace based on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage. The survey measured 15 drivers of “engaged cultures,” including alignment, execution and connection. The highest scoring area for Aquesta Bank was appreciation. Energage has […]

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 […]