|
Southern Bank
Southern Bank is a bank based in Mount Olive, North Carolina. It is a wholly owned subsidiary of Southern BancShares (N.C.), Inc., a bank holding company. The company operates 64 branches in North Carolina and Virginia Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The geography an .... History Southern Bank was originally founded on January 29, 1901, as The Bank of Mount Olive. The bank changed its name to Southern Bank and Trust Company on March 1, 1967, to reflect a more regional presence. The Home Office of the Bank is located at 116 East Main Street, Mount Olive, North Carolina. Southern BancShares (N.C.), Inc., was founded and established as the holding company of Southern Bank on January 1, 1983. In 2011, the company acquired the assets and liabilities of the failed Bank of the Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Bancorp
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern". With 43 locations, the organization focuses most of their work in the Arkansas Delta and Mississippi Delta. Southern's community-development work in these areas has directly improved various aspects of resident's lives through different projects such as the Delta Bridge Project,Official websiteDelta Bridge Project/ref> The Arkadelphia Promise,Official websiteArkadelphia Promise/ref> and numerous other sponsorships and projects. Origin In 1986, then Arkansas Governor Bill Clinton partnered with the Winthrop Rockefeller Foundation Winthrop may refer to: Places United States *Winthrop, Arkansas *Winthrop, Connecticut is a village in Deep River, Connecticut *Winthrop, Indiana *Winthrop, Iowa * Winthrop, Maine **Winthrop (CDP), Maine *Winthrop, Massachusetts * Winthrop, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern National Bank
Southern National Bank was a bank headquartered first in Lumberton, North Carolina and then in Winston-Salem, North Carolina. It joined with BB&T in 1995. History In 1897, former North Carolina governor Angus MacLean and Judge Thomas A. McNeill started the Bank of Lumberton with $15,000. In 1955, MacLean's son Hector became president, and in 1959, The National Bank of Lumberton changed its name to Southern National. In 1979, Carolina State Bank of Gastonia, started in 1971, became part of Southern National. In 1982, Southern National took over Winston-Salem-based Forsyth Bank & Trust, led by Glenn Orr. In 1985, Southern National had assets of $1.5 billion. With the purchase of a former Northwestern Bank branch in Hickory, which had to be sold after the First Union-Northwestern merger, Southern National had 99 branches in 26 counties. In 1986, Southern National Corporation entered South Carolina with the $10 million purchase of Horry County National Bank of Loris. Later ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citizens & Southern National Bank
Citizens and Southern National Bank (C&S) began as a Georgia institution that expanded into South Carolina, Florida and into other states via mergers. Headquartered in Atlanta, Georgia; it was the largest bank in the Southeast for much of the 20th century. C&S merged with Sovran Bank in 1990 to form C&S/Sovran in hopes of fending off a hostile takeover attempt by NCNB Corporation. Only a year later, however, C&S/Sovran merged with NCNB to form NationsBank, which forms the core of today's Bank of America. A former Charleston, South Carolina, location, Citizens and Southern National Bank of South Carolina, is the second oldest bank building in the U.S. and possibly the oldest still used as a bank. Constructed in 1798 as the Bank of South Carolina it later became the home for the Charleston Library Society (1835), then belonged to the Charleston Chamber of Commerce (1914), and finally became a bank again when C&S purchased the two-story building in 1966. Located at 50 Broad Stree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Southern Bank
American Southern Bank was a financial company founded in 2005 and engaged primarily in retail banking, mortgage A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pu ... banking, business finance and providing ATM and merchant processing services. The bank had a full service banking office serving Roswell, Georgia. On April 24, 2009, Georgia Department of Banking and Finance shut down American Southern Bank, marking the 26th bank failure of 2009 in the United States, and the 51st since the beginning of the recession, as the credit crunch continued to spread through the economy. Bank of North Georgia of Alpharetta, Georgia, assumed all of the deposits. As of March 30, 2009, American Southern Bank had assets of about $112.3 million and total deposits of $104.3 million. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mount Olive, North Carolina
Mount Olive is a town in Duplin County, North Carolina, Duplin and Wayne County, North Carolina, Wayne counties in the U.S. state of North Carolina. The population was 4,589 at the 2010 United States Census, 2010 census. It is included in the Goldsboro, North Carolina Goldsboro metropolitan area, Metropolitan Statistical Area. The town is home to the Mt. Olive Pickle Company and the University of Mount Olive. History The Mount Olive High School (Former), Mount Olive Historic District, Perry-Cherry House, Southerland-Burnette House, United States Post Office (Mount Olive, North Carolina), former United States Post Office, and Vernon (Mount Olive, North Carolina), Vernon are listed on the National Register of Historic Places. Geography Mount Olive is located in southern Wayne County at (35.195086, -78.067528). A small portion of the town extends south into Duplin County. U.S. Route 117, a four-lane highway, runs along the western edge of Mount Olive, leading north to Goldsboro, N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Holding Company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 ( '' et seq.''), is broadly defined as "any company that has control over a bank". All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System. Regulation The Federal Reserve Board of Governors, under Regulation Y () has responsibility for regulating and supervising bank holding company activities, such as establishing capital standards, approving mergers and acquisitions and inspecting the operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Office of the Comptroller of the Currency or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Carolina
North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and South Carolina to the south, and Tennessee to the west. In the 2020 census, the state had a population of 10,439,388. Raleigh is the state's capital and Charlotte is its largest city. The Charlotte metropolitan area, with a population of 2,595,027 in 2020, is the most-populous metropolitan area in North Carolina, the 21st-most populous in the United States, and the largest banking center in the nation after New York City. The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state and 32nd-most populous in the United States, with a population of 2,043,867 in 2020, and is home to the largest research park in the United States, Research Triangle Park. The earliest evidence of human occu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the East Coast of the United States, Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth (U.S. state), Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond, Virginia, Richmond; Virginia Beach, Virginia, Virginia Beach is the most-populous city, and Fairfax County, Virginia, Fairfax County is the most-populous political subdivision. The Commonwealth's population was over 8.65million, with 36% of them living in the Baltimore–Washington metropolitan area. The area's history begins with Native American tribes in Virginia, several indigenous groups, including the Powhatan. In 1607, the London Company established the Colony of Virginia as the first permanent English overseas posse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Virginian-Pilot
''The Virginian-Pilot'' is the daily newspaper for Norfolk, Virginia. Commonly known as ''The Pilot'', it is Virginia's largest daily. It serves the five cities of South Hampton Roads as well as several smaller towns across southeast Virginia and northeast North Carolina. It was a locally owned, family enterprise from its founding in 1865 at the close of the American Civil War until its sale to Tribune Publishing in 2018. The ''Virginian-Pilot'' is owned by parent company, '' Tribune Publishing''. This company was acquired by Alden Global Capital, which operates its media properties through Digital First Media, in May 2021. Pulitzer Prizes The newspaper has won three Pulitzer Prizes. The first was won in 1929 by editor Louis Jaffe, who received the Pulitzer Prize for Editorial Writing for "An Unspeakable Act of Savagery", an editorial which condemned lynching. Jaffe mentored the paper's next editor, Lenoir Chambers, who in 1960 received the same prize for his editoria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PRNewswire
PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. History PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in New York City for the first 15 years of its operation. The company used telecommunications lines and teleprinters owned by West ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
