Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Carolina Banker Vol. 92 Issue 2, Summer 2013
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Economists for the North Carolina Bankers Association discuss the potential impact of several factors on economic growth and future bank profitability. The housing market has improved, and stock markets are at five year highs and record levels. However, the state unemployment rate remains one of the highest in the nation, and bank profitability is likely to decline.
The Community Investment Corporation of the Carolinas (CICCAR) was formed in 1990 by the North Carolina Bankers Association as a regional lending consortium offering permanent debt financing to support the development of affordable multifamily housing. Some of the benefits associated with CICCAR membership include minimizing lending risk, enhanced lending opportunities, and financial return.
Mark Meadows is the Representative for North Carolina’s Eleventh Congressional District and a former small business owner. In an interview, Meadows discusses his top legislative priorities, threats to the banking industry, regulations and economic conditions in North Carolina.
Forest Commercial Bank was one of the last de novo banks chartered in North Carolina. John Kimberly, president and CEO of Forest Commercial Bank in Asheville, explains how the bank was formed and how it has grown and prospered. Kimberly also discusses how the bank has been impacted by the Dodd-Frank Act and recent banking regulations.
Frank and Julia Sherron of Topsail, North Carolina invented a wine insulator product called the Woozie. Frank, a former banker for Lexington State Bank, adopted business principles for the Woozie Company similar to those of the bank. As the product grew in success, Woozie was purchased by The Memory Company in 2013 to reach the needs of the growing customer base.
There are significant forces of change occurring that will have great implications on the banking business in North Carolina and across the nation. This article discusses regulations of the financial industry, such as the Dodd-Frank Act, and the impacts on banking.