Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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for Banks and banking--North Carolina
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Record #:
13916
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The first bank in North Carolina wasn't established until 1804, and for many years thereafter the growth in the number of banking institutions was extremely slow.
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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.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 31 Issue 6, June 2011,
p30-33, il
Periodical Website
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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 #:
24287
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NationsBank (now Bank of America) and First Union (now Wachovia) are two new, rapidly growing banks. The CEOs of each bank discuss their methods for managing successful businesses.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 21 Issue 11, November 2001,
p28-33, il
Periodical Website
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Record #:
27546
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Foreclosures and vacancy rates are on the rise in Wake, Durham, and Orange counties. In the late 1980s, building exceeded demand and the effects are now being felt. The area’s foreclosure rate is double the national average. While the situation is not as bad as it could be, everyone will feel the impact of the crisis.
Source:
Independent Weekly
(NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 7 Issue 18, July 6-12 1989,
p8-12
Periodical Website
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Record #:
28746
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Durham’s Martin Eakes has been labeled a “disruptive” leader for his business practices. His Self-Help Federal Credit Union’s frequently lends to individuals and companies labeled risky by traditional banks. Self-Help has built a national reputation for working with low- and moderate-income borrows, investing in communities, and leading research and lobbying efforts to fight predatory lending. Eakes’ history, philosophy, and banking practices designed to help ignored communities are profiled.
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Record #:
29162
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Despite the challenges that threaten the market, such as deteriorating asset quality and declining margins, Frank H. Dunn, Jr., President of First Union National Bank of North Carolina, provides dynamic leadership that inspires employees to do their best for the customers, stakeholders, and employees themselves.
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Record #:
29164
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A weakened national economy and troubled banking conditions have caused a falling out with the public. But the leaders of North Carolina's banking community hoope that changes in the state's laws and the state's community-based financial institutions will keep North Carolina from having thee same national downturn.
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Record #:
29430
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Although North Carolina is one of the most competitive banking states in the country, there is currently a small number of businesses borrowing from the banks. Due to tight funds, the long decision-making process, and new guidelines are making corporations across the state wary of incurring new debt.
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Record #:
29659
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The headquarters of major national banks are located across North Carolina. Given the state's historic support of financial services, key leadership, and the fuel for growth have led North Carolina to be the capital of banking.
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Record #:
29660
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Although North Carolina is the home of some of the nation's largest banking leaders, there is still room for community banks across the state. Community banks in small towns are still an important part of banking in North Carolina, making money and investments while catering to locals and local businesses.
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Record #:
29783
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As North Carolina is home to a wide variety of banks from large to community, the finance industry runs deep in the state. Although financial times and unstable economies threaten many, North Carolina banks are looking to plan for a brighter future.
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Record #:
30266
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Word-of-mouth advertising has been extremely important for Yadkin Valley Bank and has proven to be quite beneficial. The bank is utilizing new technology and products to maintain relationships and increase customer service. Another advantage to the bank is the growing wine industry in the Yadkin Valley, which is bringing in more customers and boosting the economy.
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Record #:
30298
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An important factor for the growing strength of North Carolina's industry is the cooperation of the banking institutions throughout the state. With over two billion dollars in resources, the 186 state banks and 46 national banks are a position to provide high standard resources.
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Record #:
30307
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Integrating banking, investments, and insurance together to provide the best customer experience possible is how AF Bank in West Jefferson, North Carolina is competing in the aggressive market. AF Bank has a rich history dating back to 1939, and today there are seven branches. The bank is also dedicated to volunteer work in the local community, and sponsors art and reading programs.
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