Articles

Article Title Issue

Regional Report Triad February 2012

High-Point-based BNC Bancorp has agreed to buy four banks since March 31, 2010, greatly expanding its market by acquiring smaller regional banks.

2012-02

Hot Stocks 2012

A panel of pros pick the North Carolina stocks they think will perform best in 2012.

2012-01

Occupy your mind

Fine Print: I’ve studied the Occupy Raleigh movement on a daily basis since the protest began but not exactly by choice. I can see the protesters from my desk in downtown Raleigh, and it’s not a matter of my having to take the trouble to look out the window. Thanks to the placement of my desk, I have to go to the trouble not to see them.

2011-12

Regional Report Triad December 2011

“We’ve been growing throughout the whole downturn.”— Daryl Bible, chief financial officer of Winston-Salem-based BB&T Corp., after the bank agreed to acquire BankAtlantic in November. Bible was referring to BB&T’s deposits minus CD accounts, which have fallen off since the recession started in December 2007. But its expansion has come with a price: Its 2009 acquisition of failed Colonial Bank forced it to write off millions of the bank’s nonperforming assets a year later.
2011-12

Regional Report Charlotte December 2011

“Get the heck out of that bank.”— Democratic Sen. Dick Durbin’s advice to Bank of America customers Oct. 3 after it announces it will institute a $5 monthly debit-card fee. Reason: the Durbin Amendment (named for you-know-who) to the Dodd-Frank Act, which limits “swipe fees” — what banks charge merchants for debit-card transactions — and will diminish the nearly $16 billion a year Charlotte-based BofA and others get from them. He makes his comment on the Senate floor.

 

2011-12

Regional Report Western December 2011

In October, Asheville Savings Bank converted from a mutual association owned by its members to a financial institution owned by stockholders, selling more than $55 million of shares through subscription and a community offering. 

2011-12

Thinking the unthinkable

Fine Print: In recent weeks I’ve found myself returning to the idea that Charlotte-based Bank of America will not survive.

2011-11

30 that count

The host of public television’s Carolina Business Review selects the key figures influencing the Tar Heel economy.
2011-10

The Wachovia Way

As one of Tar Heel business’s most famous brands fades away, one of the CEOs who gave it luster recalls what made it shine.

2011-10

Eyes on the prize

The median change in the three-year total shareholder return for the state’s largest public companies was an increase of 49.7%

2011-09

The bank job

Disaster. Perseverance. Disappointment. Redemption. North American Financial Holdings Inc.’s ascent from abstract business plan to the state’s fifth-largest financial institution in less than a year has the narrative arc of a blockbuster movie, and we’ve provided the storyboards.
2011-08

Top 75 public companies

Nearly three years after the credit crisis crippled the economy, businesses are on the mend, as evidenced by the Top 75, Business North Carolina’s annual ranking of the largest publicly traded companies based in the state.

2011-08

Out of order

Weststar Financial Services Corp. tried hard to put a happy face on Buddy Greenwood’s retirement as CEO of it and its lone subsidiary, Bank of Asheville.
2011-06

United we stand

At first glance, the proposed merger of FNB United Corp. and Bank of Granite Corp. looks like a bad match.
2011-06

Hot stocks for 2011

Business North Carolina celebrates its 30th anniversary this year, and it’s been almost that long — since the January 1983 issue — that we’ve been polling the pros, asking some of the state’s top stock pickers to select the North Carolina companies whose shares they think will be the best performers in the year ahead.

2011-01

Time, after time

So the crystal ball is as cloudy as ever,” the story concluded, referring to the future of this magazine.
2011-01

Taking the reward out of risk


Lately, I’ve been reading much about the “equity premium” — that extra bump in return you enjoy from investing in the stock market, where there is risk, rather than investing in government bonds and such, where there’s almost none.
2010-11

Take on responsibility

In the business world, “socially responsible” is fast becoming what “low fat” is to potato chip makers: a suggestion of goodness, a whiff of virtue and a declaration of commitment to the values of its customers (who may not exactly go around preaching, or even living, those values but surely appreciate goodness by association).
2010-10

Top 75 public companies

Gradually, it seemed, prosperity was taking hold.

2010-08

What was it Deep Throat said?

The awarding of Pulitzer Prizes tends to be, by design, a low-key affair.

2010-06