Finance

This tag is associated with 24 posts
Banks Cornelius 2023

W. Catawba: Cornelius’ billion-dollar boulevard of banks

Jan. 13. By Dave Yochum. What’s with all the new banks on West Catawba? Actually there were the same number of banks in Cornelius on June 30, 2022 as there were on June 30 the year before. Fourteen. Across those 14 banks in good old 28031, total deposits amounted to $1.487 billion. That was down […]

Tommy Lloyd

Follow the money: Fifth Third chases market share with 2nd branch in Cornelius

Aug. 3. By Dave Yochum. With Fifth Third Bank officially opening its “Next Gen” financial center on West Catawba today, there are now more than a dozen banks dividing up more than $1.35 billion of deposits in Cornelius. Fifth Third is the only one with two branches in Cornelius. Of course, Aquesta’s main branch is […]

credit karma

Credit Karma to add 600 jobs; average pay $156K

May 25. Credit Karma, a personal finance technology company, will invest more than $13 million in a high-tech engineering hub in Charlotte, adding 600 new jobs. Credit Karma, a unit of Intuit, is a consumer technology platform best known for providing more than four billion free credit scores to consumers. The company has more than […]

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 […]

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 […]

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.

blueharbor_featured

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 […]