Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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69 results
for "Banks and banking"
Record #:
30344
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John Medlin, former chairman of Wachovia Corp. in Winston-Salem, spoke at a conference held by the Office of the Comptroller of the Currency on December 12, 1997. In his keynote speech, Medlin discussed a number of issues regarding capital and banking management. As much as the banking landscape has changed in recent years due to new technology, products and services, the underlying principles of sound banking have remained constant.
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Record #:
30365
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In 2011, the North Carolina General Assembly Session established the Joint Legislative Study Commission on the Modernization of North Carolina’s Banking Laws. The result of this process includes legislation proposing to make substantial changes to the North Carolina Banking Commission, and to derivative transactions by state-chartered banks.
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Record #:
30366
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Walter Dalton, the 2012 Democratic candidate for North Carolina Governor, is the current Lieutenant Governor of North Carolina. In an interview, Dalton discusses the state’s community banking system, public and private partnerships with the military, community colleges and technical institutes, and demand for clean energy. Dalton also discusses his vision for North Carolina’s economy and workforce.
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Record #:
30367
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In North Carolina, consumers choose a financial institution based on rates and fees, personal relationships, and location. The most commonly used financial services in the state are checking and savings accounts and many households have both. Maps of demographics, population density and bank locations show banking activity trends across North Carolina.
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Record #:
30368
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The expansion of banking services is enabled by rapid advances in and the adoption of sophisticated information technology systems that provide consumer and business banking customers with countless transactional options. Many North Carolina financial institutions have converted to an Ethernet network, which has allowed for more efficient telecommunication and extended service hours.
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Record #:
30380
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Ponzi schemes are the country’s most prevalent type of investor fraud. The essence of the Ponzi scheme is new investors pay off old investors at high rates of return, which then attracts new investors, and the cycle continues and grows until it collapses on itself or is discovered. This article discusses cases of Ponzi schemes in North Carolina and bank procedures for addressing fraud.
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Record #:
24140
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The Bank of Asheville was shut down as a result of various illegal acts on the part of the CEO. These include misuse of customer funds, fraud, and money laundering. The author discusses the lawsuit against the CEO and Bank of Asheville's downward spiral.
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Business North Carolina
(NoCar HF 5001 B8x), Vol. 31 Issue 6, June 2011,
p30-33, il
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Record #:
24167
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Buddy Greenwood, CEO of Weststar Financial Services, Inc., runs Bank of Asheville and discussed the fear small bankers felt with the recession and the problems bigger banks, like Bank of America, faced.
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Record #:
24171
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A global credit crisis led to the downfall of Wachovia, which was eventually bought out by Wells Fargo. The author discusses the reasons Wachovia failed.
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Business North Carolina
(NoCar HF 5001 B8x), Vol. 28 Issue 11, November 2008,
p60-65
Periodical Website
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Record #:
28121
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North Carolina is preparing for a 20% increase in foreclosures this year. The state has little power to regulate banks which operate out-of-state which operate under national bank charters. The state has recently started a number of initiative to curb the crisis including new laws on fraudulent lending, more assistance consumers to negotiate loan payments, and additional safeguards for homeowners whose houses go into foreclosure.
Source:
Independent Weekly
(NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 25 Issue 11, March 2008,
p14
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Record #:
30310
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Nuestro Banco was created as the first Hispanic focused bank chartered in North Carolina to serve the specific needs of this population. Over the past seven years, de-novo banks have been created to serve the large and growing Hispanic population in the United States. For institutions looking to enter this market, it is important to understand the demographics and underlying drivers behind the growth of the Hispanic population.
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Record #:
9346
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Curt Farmer is featured in this month's NC MAGAZINE's “executive profile.†Farmer, a graduate of Wake Forest University, is director of Wachovia Bank's Wealth Management division for the Carolinas and Virginia. He was recently promoted to executive vice president. He manages a team of about 220 wealth management professionals in 22 offices from Charlottesville to Savannah. Besides managing this team, he devotes 30 percent to 40 percent of his time to meeting with clients or courting prospective ones.
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Record #:
24189
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Out of state banks are buying their way into North Carolina through mergers and acquisitions. Many smaller banks choose to join large banks as a result of the poor economy and declining profits.
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Business North Carolina
(NoCar HF 5001 B8x), Vol. 27 Issue 11, November 2007,
p36-46, il
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Record #:
24190
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G. Kennedy Thompson runs the nation's fourth-largest bank: Wachovia. He discusses how he bought out Wachovia and other companies over the years.
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Business North Carolina
(NoCar HF 5001 B8x), Vol. 27 Issue 11, November 2007,
p48-58, il
Periodical Website
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Record #:
30265
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Jim Melvin, the former banker and former mayor of Greensboro, discusses a lawsuit from the late 1980s that brought about the demise of many of the country’s savings institutions. One institution that did not survive was 1st Home Federal of Greensboro. Melvin, and the lawsuit in question, maintain that it was the government’s breach of contract that forced management to split up and sell off the institution.
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