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Park Sterling Bank
Park Sterling Bank, whose parent company was Park Sterling Corp. (), was a bank based in Charlotte, North Carolina. It had $3.3 billion in assets and branches in North and South Carolina, Virginia and Georgia. A merger with South State Bank was completed November 30, 2017. History Early history Park Sterling Bank began with $45 million in capital in October 2006, one of several community banks in Charlotte, North Carolina. Bryan Kennedy, formerly of Regions Financial Corporation, was chairman. By April 2007 the bank announced plans to open a loan production office in Wilmington, North Carolina. On August 2, 2010, Park Sterling announced federal approval for the bank's plan to buy troubled, but not failed, banks with $300 million to $2 billion in assets, and to open new branches. New CEO Jim Cherry, formerly of Wachovia, later said the bank planned to have assets of $8 to $10 billion, with branches in the Carolinas and Virginia. Also, Kennedy was staying on as president, and Bud ...
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Bank
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. Because 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 ...
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Georgian Architecture
Georgian architecture is the name given in most English-speaking countries to the set of architectural styles current between 1714 and 1830. It is named after the first four British monarchs of the House of Hanover— George I, George II, George III, and George IV—who reigned in continuous succession from August 1714 to June 1830. The so-called great Georgian cities of the British Isles were Edinburgh, Bath, pre-independence Dublin, and London, and to a lesser extent York and Bristol. The style was revived in the late 19th century in the United States as Colonial Revival architecture and in the early 20th century in Great Britain as Neo-Georgian architecture; in both it is also called Georgian Revival architecture. In the United States the term "Georgian" is generally used to describe all buildings from the period, regardless of style; in Britain it is generally restricted to buildings that are "architectural in intention", and have stylistic characteristics that are ty ...
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Atlanta Business Chronicle
The ''Atlanta Business Chronicle'' is a weekly newspaper covering business news in Atlanta, Georgia, published by American City Business Journals. The paper has both a weekly print edition and an online edition. History The ''Atlanta Business Chronicle'' was founded in 1978 by Bob Gray and Mike Weingart. Gray, the publisher, and Weingart, the newspaper's first editor, had previously founded the ''Houston Business Journal''. In 1980, the company Scripps Howard (now E. W. Scripps Company) bought the Cordovan Corporation, which owned the ''Atlanta Business Chronicle'' and other business newspapers. From 1980 to 1983, Carol Carter served as the paper's editor. In 1986, the ''paper'' was sold to American City Business Journals. In 1988, the ''Atlanta Business Chronicle'' was the first to break the major story that the Sumitomo Life Insurance Company was buying the IBM Tower ( One Atlantic Center) for $300 million. At the time, the editor of the paper was Anita Sharpe. Under Sha ...
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Charlotte Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering an ...
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East Elijay, Georgia
East or Orient is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth. Etymology As in other languages, the word is formed from the fact that east is the direction where the Sun rises: ''east'' comes from Middle English ''est'', from Old English ''ēast'', which itself comes from the Proto-Germanic *''aus-to-'' or *''austra-'' "east, toward the sunrise", from Proto-Indo-European *aus- "to shine," or "dawn", cognate with Old High German ''*ōstar'' "to the east", Latin ''aurora'' 'dawn', and Greek ''ēōs'' 'dawn, east'. Examples of the same formation in other languages include Latin oriens 'east, sunrise' from orior 'to rise, to originate', Greek ανατολή anatolé 'east' from ἀνατέλλω 'to rise' and Hebrew מִזְרָח mizraḥ 'east' from זָרַח zaraḥ 'to rise, to shine'. ''Ēostre'', a Germanic goddess of dawn, might have been a personification ...
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Blue Ridge, Georgia
Blue Ridge is a city in Fannin County, Georgia, United States. As of the 2020 census, the city had a population of 1,253. The city is the county seat of Fannin County. History Prior to European colonization, the area that is now Blue Ridge was inhabited by the Cherokee people and other Indigenous peoples for thousands of years. Blue Ridge was laid out in 1886 when the Marietta and North Georgia Railroad was extended to that point. It was incorporated in 1887. In 1895, the seat of Fannin County was transferred to Blue Ridge from Morganton. Geography The city of Blue Ridge is located south of the center of Fannin County at (34.868344, -84.320991). The city sits on the divide between the Tennessee River watershed to the north (via the Toccoa River) and the Alabama River to the south (via Crooked Log Creek, the Ellijay River, and several downstream rivers). U.S. Route 76 and Georgia State Route 515 (Zell Miller Mountain Parkway) pass through the west side of the city, leading e ...
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Blairsville, Georgia
Blairsville is a city and the county seat of Union County, on the northern border of Georgia, United States. It was founded near the Nottely River, which was dammed in 1942 as part of the Tennessee Valley Authority project, forming Lake Nottely. As of the 2020 census, the city had a population of 616. History During the 1830s, the United States conducted Indian Removal of the Cherokee Nation and other Southeast tribes, to what was designated as Indian Territory west of the Mississippi River. This area along the Nottely River was part of the large Cherokee territory and the leader Goingsnake was born here in 1758. After American settlers moved into this area, in 1835 the Georgia General Assembly designated Blairsville as the Union County seat. The town is named after American Revolutionary War veteran James Blair. The neighboring city of Dahlonega was known as the first site of gold in the United States, but the Blairsville area was known to have the purest gold in the mounta ...
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Hiawassee, Georgia
Hiawassee is the county seat of Towns County, Georgia, United States. The community's population was 880 at the 2010 census. Its name is derived from the Cherokee—or perhaps Creek—word ''Ayuhwasi'', which means meadow, (A variant spelling, "Hiwassee," is used for the local river and some other Appalachian place names.) Hiawassee is also known in the novel "Restart" by Gordon Korman. History A United States fur trade factory was situated here between 1807 and 1811. Settled ''circa'' 1820, Hiawassee was designated seat of the newly formed Towns County in 1856. It was incorporated as a town in 1870 and as a city in 1916, after settlers violently removed the Cherokee communities living there prior in a night of massacre in 1776. Hiawassee was originally inhabited by predominantly Cherokee-speaking peoples, but the myth that the town was named after a Cherokee or otherwise Native American princess is false and is as mythical as the Cherokee princess herself. Hiawassee’s name i ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of t ...
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The Herald (Rock Hill)
''The Herald'' is a daily morning newspaper published in Rock Hill, South Carolina, in the United States. Its coverage is York, Chester, and Lancaster counties. In 1990, the paper was bought by The McClatchy Company of Sacramento, California. After McClatchy claimed bankruptcy in 2020, the paper was bought by Chatham Asset Management. History The paper became a semi-weekly in 1893. In 1911, it was converted to a daily afternoon paper — except Sundays — and renamed ''The Evening Herald''. That name and production schedule would endure for 75 years through several ownership changes. In March 1985, the company was purchased by the News & Observer Co. of Raleigh, North Carolina, then owned by descendants of Josephus Daniels. The new owners changed the Saturday edition to morning and got rid of the ''Evening'' part of the name. In 1986, they launched a Sunday edition and two years later switched to morning publication seven days a week. In 1990, the Daniels family sold the pape ...
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Rock Hill, South Carolina
Rock Hill is the largest city in York County, South Carolina and the fifth-largest city in the state. It is also the fourth-largest city of the Charlotte metropolitan area, behind Charlotte, Concord, and Gastonia (all located in North Carolina, unlike Rock Hill). As of the 2020 census, the population was 74,372. The city is located approximately south of Charlotte and approximately north of Columbia. Rock Hill offers scenic riverfront views along the Catawba River and is home to numerous nature trails, restaurants, and thirty-one parks which are used for both national and local events. Its historic downtown consist of twelve contiguous buildings built as early as 1840 offering dining and retail options. The city is also home to three colleges, including Winthrop University, a public liberal arts university founded in 1886 which enrolls nearly 6,000 students annually. History Founding Although some European settlers had already arrived in the Rock Hill area in the 1830s an ...
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Groundbreaking
Groundbreaking, also known as cutting, sod-cutting, turning the first sod, or a sod-turning ceremony, is a traditional ceremony in many cultures that celebrates the first day of construction for a building or other project. Such ceremonies are often attended by dignitaries such as politicians and businesspeople. The actual shovel used during the groundbreaking is often a special ceremonial shovel, sometimes colored gold, meant to be saved for subsequent display and may be engraved. In other groundbreaking ceremonies, a bulldozer is used instead of a shovel to mark the first day of construction. In some groundbreaking ceremonies, the shovel and the bulldozer mark the first day of construction. Meaning When used as an adjective, the term groundbreaking may mean being or making something that has never been done, seen, or made before; "stylistically innovative works". History Groundbreaking ceremonies have been celebrated for centuries in an attempt to begin the constructi ...
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