Banking
United Bankshares reports second-quarter earnings
July 25. United Bankshares reported earnings for the second quarter of 2024 of $96.5 million, or $0.71 per diluted share. Second-quarter results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.32%, 7.99% and 13.12%, respectively. Quotable “UBSI continues to consistently deliver exceptional results,” stated Richard M. Adams, […]
Peoples Bank promotes 3 people
May 21. Newton-based Peoples Bank has promoted three officers: Connie Ollis, a banker for more than 40 years, has been appointed as Senior Vice President, Director of Compliance. Paula Parker has been named Senior Vice President, Retail Sales Manager. She has more than 30 years of experience. Amber Hoyle as Vice President, General Auditor. She […]
United Bankshares first-quarter earnings
April 26. United Bankshares first quarter earnings of this year were $86.8 million, down from $98.3 million during the same period last year. The first quarter of 2024 included $1.8 million of non-interest expense for the Federal Deposit Insurance Corp.’s special assessment levied on banking organizations stemming from revised loss estimates to the deposit insurance […]
ServisFirst announces new mortgage loan officer
March 14. Christy Phillips has joined ServisFirst Bank as a mortgage loan officer in the new ServisFirst branch on Bailey Road, just east of Hwy. 21. She’s the first and sole mortgage loan officer within ServisFirst’s North Carolina offices. Phillips has more than 27 years of banking experience, having worked with mortgage brokers, dealers and […]
New loan officer at Peoples Bank in Mooresville
Feb. 12. Chuck Busse is the new Senior Mortgage Loan Officer at Peoples Bank for the Lake Norman area. His office is located at 163 Plantation Ridge Drive in Mooresville.
United Bank reports earnings
Jan. 26. United Bankshares, Inc. (NASDAQ: UBSI) today reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share. Fourth quarter of 2023 results produced annualized returns on average assets, average equity and average tangible equity, a non-GAAP measure, of 1.08%, 6.70% and 11.27%, respectively. United has branches in Denver […]
New business center manager at Peoples in Huntersville
Jan. 9. Diana Richards is the new Business Center Manager in the Huntersville branch of Peoples Bank. Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina Inc., operates 17 banking offices in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. The Bank also operates loan production offices in […]
United Bankshares reports 3Q earnings
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 […]
United Bankshares announces 2Q earnings
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, […]
Chase opens first branch in Iredell, as expansion in Charlotte region continues
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 […]
