Eastern

Sound Bank applies for full-service branch in Wilmington

June 2, 2015

(Greater Wilmington Business Journal)

Morehead City-based Sound Bank has moved its Wilmington loan-production office to a larger space and has requested FDIC permission to open a full-service branch there.

Methodist University to offer degree in engineering

June 2, 2015

(The Fayetteville Observer)

Methodist University will accept at least 30 students in the inaugural class of students in a new engineering program. The Fayetteville university will offer a bachelor of science in engineering beginning in the fall of 2016.

Vertex Rail donates $15K to feed hungry students

June 2, 2015

(StarNews, Wilmington)

Vertex Rail has donated $15,000 to a nonprofit organization that provides food to underprivileged students in New Hanover County. Vertex plans to create 1,300 jobs at a railcar manufacturing plant in Wilmington.

NC Ports to post strong year-end results

June 1, 2015

(StarNews, Wilmington)

Container traffic increased almost 20% at North Carolina's ports during the first 10 months of the 2014-15 fiscal year. Net income through April was $3.1 million, compared with a projected loss of $100,000.

Wilmington native to become CEO of Dollar General

June 1, 2015

(Greater Wilmington Business Journal)

Wilmington native Todd Vasos will become CEO of Dollar General, the company said Thursday. Vasos was chief operating officer of the Goodlettsville, Tenn.-based discount retailer, which last year attempted an unsuccessful takeover of Family Dollar Stores. He replaces Rick Dreiling, who is retiring.

Cape Fear Valley to add 17 beds to ER

May 28, 2015

(The Fayetteville Observer)

Cape Fear Valley Health System plans to renovate the emergency department at its main campus in Fayetteville, bringing the total number of beds there to 92.
Related: ER visits on the rise in Carolinas, US

Sausage plant to create 177 jobs in Clinton

May 27, 2015

(The Fayetteville Observer)

In a joint venture with Smithfield Foods, Kansas City Sausage will open a 90,000-square-foot plant in Sampson County and plans to create 177 jobs. Construction is expected to begin immediately and will be completed by June 2016.

Vidant seeks to add 85 beds at Greenville hospital

May 27, 2015

(The Daily Reflector, Greenville)

Vidant Health has filed a certificate of need request to add 85 acute-care beds at its Greenville medical center. A public hearing is scheduled for June 18.

NC begins exploratory drilling for shale gas

May 27, 2015

(The News & Observer, Raleigh)

North Carolina will begin drilling Wednesday to determine shale-gas potential at three sites in the eastern part of the state. Drilling, which could last two to five days, will take place in Cumberland, Johnston and Scotland counties.

Wilmington officials not alarmed over company's bankruptcy filing

May 26, 2015

(Greater Wilmington Business Journal)

Local officials say the bankruptcy filing of a Massachusetts company owned by Vertex Rail CEO Don Croteau shouldn't affect the Wilmington-based company's plans. Vertex Rail, which said it will create 1,300 jobs at a rail-car manufacturing plant, did not ask for incentives, though the city and New Hanover County agreed to help pay for a road extension near the plant.

Company led by Vertex Rail CEO files for bankruptcy

May 22, 2015

(Greater Wilmington Business Journal)

A Massachusetts-based company led by Vertex Rail CEO Don Croteau filed for bankruptcy earlier this month. Vertex Fab & Design designs and makes components for NASA and companies such as GE Hitachi. Vertex Rail announced last year it will create 1,300 jobs in a rail-car manufacturing facility in Wilmington.

Medicaid director named chancellor of UNC Pembroke

May 22, 2015

(The News & Observer, Raleigh)

Robin Cummings will become chancellor of UNC Pembroke in July. Cummings, the state Medicaid director and a cardiothoracic surgeon, will succeed Kyle Carter, who is retiring after five years in the post.

New Hanover Regional begins ER expansion

May 21, 2015

(StarNews, Wilmington)

New Hanover Regional Medical Center begins Thursday a renovation project that will double the number of beds to 108 in its 17th Street Emergency Department in Wilmington. The project, which will increase the department's space from 17,800 to 48,000 square feet, is expected to be complete by spring 2017.

Asbury Carbons to create 25 jobs in Robeson County

May 19, 2015

(The Fayetteville Observer)

Asbury Carbons will invest $8 million in a Lumberton manufacturing plant and will create 25 jobs over the next three years. The New Jersey-based company processes graphite and other carbons and materials for ceramics, LED and other manufacturers.

AG Cooper sues FCC over Wilson broadband ruling

May 18, 2015

(WRAL TechWire)

N.C. Attorney General Roy Cooper has filed a lawsuit against the Federal Communications Commission over the agency's decision to allow the city of Wilson to expand its municipal broadband network outside the city limits (Statewide, March).

Landowners refile lawsuit against Brunswick developer

May 14, 2015

(StarNews, Wilmington)

A group of about 115 landowners refiled a lawsuit claiming a local developer used overvalued appraisals to inflate the value of 62 lots in Brunswick County. The same lawsuit was dropped in April 2014.

Wilmington's nCino partners with Deloitte

May 13, 2015

(Greater Wilmington Business Journal)

Deloitte Digital, a division of Deloitte Consulting, will add nCino's Bank Operating System to its portfolio of services offered to banking and financial clients across the world. Built on the Salesforce platform, nCino's software helps lenders trim paperwork, increase efficiency and reduce operating costs.

2,600-home community proposed for Pender County

May 11, 2015

(Greater Wilmington Business Journal)

A development group called Lane's Ferry Landing wants to build a mixed-use community on 988 acres in Pender County with up to 2,600 residential units, a marina, retail shops and offices. County officials are expected to consider the master development plan later this month and in June.

Mountaire will fire workers seen in undercover video

May 8, 2015

(The Fayetteville Observer)

Mountaire Farms said it will fire workers who were seen abusing chickens at its Robeson County plant in a video released by animal-rights group Compassion Over Killing.

ECU graduates first dental class

May 8, 2015

(The Daily Reflector)

ECU will graduate the first class of students from its School of Dentistry this week. The school operates community-service learning centers across the state to provide training for its students and dental care for underserved areas.