finance
Build them and they will come
April 25. By Dave Yochum. Cornelius is getting another: a) Bank b) Bank c) Bank You guessed bank, right? When ServisFirst Bank opens on Bailey Road a half block from Hwy. 21 later this year, it will be the 15th banking company branch located in Cornelius. The new branch is a subsidiary of ServisFirst Bancshares, […]
There are more than 1.35 billion reasons for a new bank in Cornelius
Aug. 24. By Dave Yochum. When HomeTrust Bank opens on West Catawba at One Norman later this year, it will join more than a dozen banks dividing up more than $1.35 billion of deposits in Cornelius. And those are 2020 data, as as per the Federal Deposit Insurance Corp. HomeTrust’s new branch, at almost 10,000 […]
GO Davidson: Town scores AAA rating
May 28. S&P Global Ratings has given the Town of Davidson its AAA long-term rating for their series 2021 general obligation (GO) public improvement bonds, which means a lower interest rate to finance the voter-approved projects. Davidson is the smallest town in North Carolina to earn the highest rating that the town could achieve. S&P […]
Move over Beverly Hills
March 3. Nice job, Cornelius! Collectively, 28031 has a higher credit score than Beverly Hills 90210. So says a new national survey of more than 2,500 cities and towns across the country. With an aggregate credit score of 740, we beat not just Beverly Hills (722), but Huntersville (736) and Concord (675), according to WalletHub, […]
Aquesta reports sharply higher second quarter
July 21. Aquesta Financial Holdings reported record operating income for the second quarter of 2015: $590,000 vs. $446,000 during the same quarter last year. Total assets increased to $269.1 million at June 30, compared to $263.6 million at year-end. Total loans increased to $184.1 million at June 30, vs. $172.2 million at the end of 2014. “Our strong […]
Aquesta names City Executive for Concord
June 26. Aquesta Bank has recruited commercial banker Michelle Riley from Bank of North Carolina to be the Concord City Executive for the Cornelius-based bank. “It’s a very attractive market; there are quite a few businesses that are looking to expand there,” said Aquesta CEO Jim Engel. “This [a commercial loan production effort] is a […]
Cornelius: The $5 billion town
By Dave Vieser. The Town of Cornelius has a new $19.7 million budget, 7 percent larger than this past year, but the tax rate stays the same, thanks to a growing tax base. Indeed, the town’s total assessed value will exceed $5 billion in the coming year. The Town Board passed the budget unanimously Monday, and commended […]
I-77 Bonds, Toll Lanes and Unwilling Customers
Below is an e-mail from Vince Winegardner: Please forward to business owner and others who need to take action – Everyone in Lake Norman! ACTION NEEDED BY YOU. PLEASE REVIEW THIS INFORMATION AND CONTACT GOVERNOR McCRORY BY TUESDAY AND TELL HIM “NO TO TOLLS ON I77!” CONTACT INFO IS LISTED BELOW. Dear Northcross Master Association Business and […]
Cornelius town board calls for a timeout on I77 toll lanes.
Resolution seeking 90 day moratorium heading for the Governor By Dave Vieser. With a large turnout of residents looking on, the Cornelius Town Board unanimously passed a resolution at their May 4 meeting calling on the state to impose a 90-day moratorium regarding the I-77 toll lane project. The unprecedented action comes just days before the […]
Internal memo reveals ‘nobody has a clear understanding’ of part of the I-77 contract
May 1. Internal communications at Cornelius Town Hall say “it appears nobody has a clear understanding” of a key component in the 50-year contract with a Spanish company. Local leaders on a state level are expressing concerns about the $655 million plan but it is unclear if they will affect the “financial close” with Cintra in […]
