Finance

This tag is associated with 21 posts
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 […]

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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 […]

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. […]

Photo by Marty Price

New downtown plan puts hotel at north end of Cannon Village

June 17. The Kannapolis City Council has unanimously endorsed the “North Option” for the redevelopment of downtown. It places a sports and entertainment complex in the north section of downtown, a hotel on Main Street, and a performing arts center on West Street. Residential development will be located in the historic district of the City […]

Uwharrie annual meeting May 10

Uwharrie Capital, parent company of Uwharrie Bank and Uwharrie Investment Advisors, will hold its annual meeting Tuesday, May 10, at the Stanly County Agri­Civic Center in Albemarle. Dinner and fellowship will begin at 4:30 pm. Shareholders are invited to the business meeting at 6 pm.

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blueharbor net rose in 4th quarter; new loan office 

Feb. 15. blueharbor bank net income during the four quarter of last year was $261,213, compared to $255,232 in the same 2014 period. For the full year last year, the bank reported net income of $925,207, compared to $1.15 million in 2014. CEO Jim Marshall said resources used in the January 2015 expansion to Statesville […]

Banks report stellar growth in income, assets, deposits

Banks in the Golden Crescent are benefiting from an extraordinary economic boom in North Carolina, and their first nine months reflect exceptional growth in and around Charlotte. Harry Davis, the chief economist for the North Carolina Bankers Association, says loan growth nationwide is running about 2 percent per year. In North Carolina, it’s running at […]

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Uwharrie Bank expands into Mecklenburg

Oct. 15. Albemarle-based Uwharrie Bank plans to expand into Mecklenburg County with residential mortgage lending, commercial lending and wealth management services. Uwharrie has operations in Anson County and Stanly County, as well as  Cabarrus, where it formerly operated as Cabarrus Bank & Trust. Uhwharrie is opening Charlotte office at 141 Providence Road for its residential mortgage operations. […]

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Jennifer Mills new director at Carolina Trust

Jennifer Marion Mills has been elected to the board of directors at Carolina Trust Bank. She is part of the Randy Marion group of auto dealerships and the daughter of the founder. CTB recently entered the Mooresville market with a loan production office. “We intend to steadily build our business on the east side of Lake Norman and […]

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