Banking
Strategic Investment Advisors is now Uwharrie Investment Advisors
July 9. Uwharrie Capital Corp. has changed the name of it’s wealth management subsidiary, Strategic Investment Advisors, to Uwharrie Investment Advisors Inc. The Albemarle-based financial company says the anchor name of the parent company provides a single, cohesive presence. Uwharrie Capital and its subsidiaries, which serve Anson, Cabarrus and Stanly counties, dates back more than […]
CMBS delinquency rates keep falling
By John Rehkop. After several years of stagnant growth, the commercial mortgage backed security (CMBS) market continues to pick up steam as a rise in new loan issuance is causing delinquency rates for commercial loans to fall, both locally and nationally, according to commercial real estate research firm Trepp, LLC. In the Charlotte metropolitan area, balance […]
Uwharrie Bank names chief credit officer
June 30. Cheryl Rinehardt has been named executive vice president and chief credit officer at Uwharrie Bank. She joined the Albemarle-based bank in 2008 as a vice president of credit administration. Through the years, she continued to assume additional responsibilities within the credit administration area and was named senior vice president in 2011. The announcement […]
CommunityOne completes Certus acquisition in Lenoir
June 28. CommunityOne Bank has completed its purchase of the Lenoir Branch of CertusBank. As part of this transaction, the bank assumed the customer deposits from both the Lenoir and Granite Falls branches of the troubled bank. The purchase expands CommunityOne’s network to 12 branches in the Caldwell and Catawba areas. It is the second […]
