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The L. Vincent Lowe, Jr., Business Award is the highest preservation award given to a state business for promoting protection of architectural resources in the state. “The Cedars” in Morganton was built by a local planter in 1841. In 1999, when outside developers wanted to purchase and demolish the historic property, the Morganton Federal Savings and Loan purchased the property from them and accomplished a $3.2 million dollar restoration of the site. For its preservation efforts, the company received the 2003 Vincent Lowe award.
North Carolina Preservation (NoCar Oversize E 151 N6x), Vol. Issue 125, Spring 2004, p10, il