Banking

This tag is associated with 35 posts
featured_aquestabank

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 […]

FY 2018 SBA loans reached $800 million in NC

The U.S. Small Business Administration guaranteed over $30 billion in loans during FY 2018—in North Carolina there were 1,355 loans for over $800 million to small businesses of various types. Nationwide, in FY18 there were approximately 60,353 7(a) loans made, with a total dollar amount of $25.37 billion. The 7(a) program is SBA’s flagship program, […]

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Big increase in third-quarter net at blueharbor

Third-quarter net income at blueharbor bank rose 26 percent to $661,152, compared to $523,794 during the same quarter last year.  On a per-share basis, earnings at the Moresville-based bank rose to 22 cents vs 17 cents per share. For the nine-months ended Sept. 30, blueharbor reported net income of $1.89 million, up 45 percent from […]

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Aquesta Financial reports gains in recurring net income for second quarter

Aquesta Financial Holdings second-quarter net income was $2.031 million this year compared to $482,000 during the second quarter of 2017. This year’s results include a one-time after-tax gain of $1.7 million on the sale of Aqusta Insurance. There were also one-time transaction costs which reduced earnings by $292,000. Normalized earnings were $622,000, a 29.0 percent increase over […]

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