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Lexington State Bank
Lexington State Bank (commonly known as "LSB") was a banking company based in Lexington, North Carolina. Its motto was "The Bank" and its slogans were "Beeline Banking", and "Easy as L-S-B". The bank had 29 branches across the Piedmont Triad region operating in Davidson County, NC, Davidson, Stokes County, NC, Stokes, Forsyth County, NC, Forsyth, Guilford County, NC, Guilford, and Randolph County, NC, Randolph counties of North Carolina. LSB Bancshares, Inc. () was the holding company for Lexington State Bank. In 2007, it merged with NewBridge Bank#FNB Southeast, FNB Southeast to form NewBridge Bank. History LSB was founded in 1949 by Dr. J. A. Smith, a physician, founder of Lexington Hospital, Chairman of the Lexington Utilities Commission, and two-term North Carolina Representative. Shares of the company were sold to citizens of Davidson County, North Carolina who were willing to buy them. The first banking office opened in uptown Lexington's Courthouse Square on July 5, 1949, on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lexington, NC
Lexington is the county seat of Davidson County, North Carolina, United States. As of the 2020 United States census, 2020 census, the town had a population of 19,632. It is located in central North Carolina, south of Winston-Salem, North Carolina, Winston-Salem. Major highways include Interstate 85 in North Carolina, I-85, Interstate 85 Business (North Carolina), I-85B, U.S. Route 29 in North Carolina, U.S. Route 29, U.S. Route 70 in North Carolina, U.S. Route 70, U.S. Route 52 in North Carolina, U.S. Route 52 / Interstate 285 (North Carolina), I-285 and U.S. Route 64 in North Carolina, U.S. Route 64. Lexington is part of the Piedmont Triad region of the state. Lexington has been noted as one of America's top four best cities for barbecue by ''U.S. News & World Report''. The City calls itself the "Barbecue Capital of the World". Lexington, Thomasville, North Carolina, Thomasville, and the rural areas surrounding them are slowly developing as residential Commuter town, bedroom c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Davidson County, North Carolina
Davidson County is a county located in the U.S. state of North Carolina. As of the 2020 census, its population was 168,930. Its county seat is Lexington, and its largest community is Thomasville. Davidson County is included in the Winston-Salem, NC metropolitan statistical area, which is also included in the Greensboro–Winston-Salem–High Point, NC combined statistical area. Parts of Davidson County are in the Yadkin Valley AVA. History The original North Carolina county of this name was created in 1786 in what was then the far western portion of North Carolina, with its county seat at Nashville and a territory covering most of what is now Middle Tennessee. When Tennessee was established as a separate state in 1796, this county became Davidson County, Tennessee. The current North Carolina county was formed in 1822 from Rowan County. It was named after Brigadier General William Lee Davidson, an American Revolutionary War general killed at the Battle of Cowan's Ford ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1949
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virginia
Virginia, officially the Commonwealth of Virginia, is a U.S. state, state in the Southeastern United States, Southeastern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The state's List of capitals in the United States, capital is Richmond, Virginia, Richmond and its most populous city is Virginia Beach, Virginia, Virginia Beach. Its most populous subdivision is Fairfax County, Virginia, Fairfax County, part of Northern Virginia, where slightly over a third of Virginia's population of more than 8.8million live. Eastern Virginia is part of the Atlantic Plain, and the Middle Peninsula forms the mouth of the Chesapeake Bay. Central Virginia lies predominantly in the Piedmont (United States), Piedmont, the foothill region of the Blue Ridge Mountains, which cross the western and southwestern parts of the state. The fertile Shenandoah Valley fosters the state's mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greensboro, NC
Greensboro (; ) is a city in Guilford County, North Carolina, United States, and its county seat. At the 2020 census, its population was 299,035; it was estimated to be 307,381 in 2024. It is the third-most populous city in North Carolina, after Charlotte and Raleigh, and the 69th-most populous city in the United States. The population of the Greensboro–High Point metropolitan statistical area was estimated to be 789,842 in 2023. The Piedmont Triad region, of which Greensboro is the most populous city, had an estimated population of 1,736,099 in 2023. In 1808, Greensboro was planned around a central courthouse square to succeed Guilford Court House as the county seat. The county courts were thus placed closer to the county's geographical center, a location more easily reached at the time by the majority of the county's citizens, who traveled by horse or on foot. Three major Interstate Highways (Interstate 40, Interstate 85, and Interstate 73) in the Piedmont region of ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automatic Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hardware Store
Hardware stores (in a number of countries, "shops"), sometimes known as DIY stores, sell household hardware for home improvement including: fasteners, building materials, hand tools, power tools, keys, locks, hinges, chains, plumbing supplies, electrical supplies, cleaning products, housewares, tools, utensils, paint, and lawn and garden products directly to consumers for use at home or for business. Many hardware stores have specialty departments unique to its region or its owner's interests. These departments include hunting and fishing supplies, plants and nursery products, marine and boating supplies, pet food and supplies, farm and ranch supplies including animal feed, swimming pool chemicals, homebrewing supplies and canning supplies. Australia and New Zealand In Australia hardware stores specialise in home décor and include large selections of paint. There are three major hardware companies in Australia: Bunnings, Mitre 10 and Home Hardware. Home Hardwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." The means of production is as a "... series of heterogeneous commodities, each having specific technical characteristics ..." "capital goods", are one of the three types of intermediate goods used in the production process, the other two being land and labour. The three are also known collectively as "primary factors of production". This classification originated during the classical economics period and has remained the dominant method for classification. Capital can be increased by the use of a production process (see production function and factors of production). Outputs of the production process are normally classif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (financial Accounting)
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. The value delivered to settle a liability may be in the form of assets transferred or services performed. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity that has already occ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discounting
In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee.See "Time Value", "Discount", "Discount Yield", "Compound Interest", "Efficient Market", "Market Value" and "Opportunity Cost" in Downes, J. and Goodman, J. E. ''Dictionary of Finance and Investment Terms'', Baron's Financial Guides, 2003. Essentially, the party that owes money in the present purchases the right to delay the payment until some future date.See "Discount", "Compound Interest", "Efficient Markets Hypothesis", "Efficient Resource Allocation", "Pareto-Optimality", "Price", "Price Mechanism" and "Efficient Market" in Black, John, ''Oxford Dictionary of Economics'', Oxford University Press, 2002. This Financial transaction, transaction is based on the fact that most people prefer current interest to delayed interest because of Mortality salience, mortality effects, impatience effects, and Motivational sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
