Charlotte motel mogul Sam McMahon, Jr. and his son Sam III recently stunned investors by filing for bankruptcy. The investors stand to lose a collective total in the millions of dollars.
Bob Stec, CEO of Greensboro-based Girbaud, VF Corp.'s fastest growing division, has proved successful in marketing the Girbaud line of jeans and sportswear.
A recent Savings and Loan buying binge in North Carolina has seen mutual thrifts offer themselves directly to larger banks. These merger-conversions are taking place because banks are making attractive offers to the board members of S&Ls.
Bill Simms, president of Transamerica Reinsurance Corp. (headquartered in Charlotte) is the only minority part-owner of the Carolina Panthers football franchise.
Doug Brendle, CEO of Brendle's Inc., survived triple-bypass surgery and his company's Chapter 11 bankruptcy to lead the company on the road back to success.
Winston-Salem-based Triad Guaranty Inc., a mortgage-insurance company, recently sold 57% of its stock to the public. The move was made in order to get a Standard & Poor's rating, which is accessible only to public companies.
Business North Carolina presents its annual report on the state's top one hundred banks and credit unions. Bank of America BB&T, and First Citizens BancShares retained their first, second, and third rankings from 2013. State Employees' Credit Union ranked fourth.
Architects have cited the Reynolds Building, which opened in 1929 as the tobacco company's headquarters, as \"one of the best examples of art deco skyscraper design. \" Developers will spend $50 million turning the 22-story building into 120 apartments on the upper floors and a 211-room hotel on the lower ones. The building will reopen in 2016.