Record #:

16867

Author(s):

Martin, Edward

Abstract:

The Bank of Granite grew from one office in Granite Falls in the foothills of Western North Carolina with five employees and $1 million in assets in the 1950s to one with nineteen offices with over 250 employees and $1 billion in assets by the early 2000s. It was solid as a rock, but it failed. Martin discusses reasons for its collapse.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 32 Issue 6, June 2012, p48-55, il, por

Subject(s):

Banks and banking--Granite Falls; Bank of Granite (Granite Falls); Bank failures--Granite Falls