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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 ...
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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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NBSC
The Northern Beaches Secondary College (abbreviated as NBSC) is a multi-campus government-funded co-educational dual-modality partially selective and comprehensive secondary day school, located on the Northern Beaches of Sydney, New South Wales, Australia. The College was established 2003 through the merger and restructure of six existing campuses located in the northern beaches region. The College caters for approximately 4,800 students from Year 7 to Year 12. The school is operated by the New South Wales Department of Education; the principal is Dane Ropa, who leads the College. Campuses The five campuses that comprise the Northern Beaches Secondary College, are: # Balgowlah Boys Campus, a single-sex comprehensive secondary school for boys only, from Year 7 to Year 12; # Cromer Campus, a co-educational comprehensive secondary school, from Year 7 to Year 12; # Freshwater Senior Campus, a co-educational senior secondary school, from Year 11 to Year 12; # M ...
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Greensboro, North Carolina
Greensboro (; formerly Greensborough) is a city in and the county seat of Guilford County, North Carolina, United States. It is the List of municipalities in North Carolina, third-most populous city in North Carolina after Charlotte, North Carolina, Charlotte and Raleigh, North Carolina, Raleigh, the List of United States cities by population, 69th-most populous city in the United States, and the largest city in the Piedmont Triad metropolitan region. At the 2020 United States census, 2020 census, its population was 299,035. Three major interstate highways (Interstate 40 in North Carolina, Interstate 40, Interstate 85 in North Carolina, Interstate 85, and Interstate 73 in North Carolina, Interstate 73) in the Piedmont (United States), Piedmont region of central North Carolina were built to intersect at this city. In 1808, Greensborough (the spelling before 1895) was planned around a central courthouse square to succeed Guilford Court House as the county seat. The county courts ...
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Wachovia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world. The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. On October 15, 2011, the last Wachovia branches in North Carol ...
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Moore County, North Carolina
Moore County is a county located in the U.S. state of North Carolina. As of the 2020 census, its population was 99,727. Its county seat is Carthage and its largest municipality is the Village of Pinehurst. It is a border county between the Piedmont and the Atlantic Coastal Plain. In the early years, the economy was dependent on agriculture and lumber. The lumber business expanded after railroads reached the area, improving access to markets. It lies at the northern edge of the area known as the Sandhills region, and developed resorts in the late 19th century, aided by railroads. Since the early 21st century, Moore County comprises the Aberdeen- Pinehurst- Southern Pines, North Carolina Micropolitan Statistical Area. Moore County is a part of the Fayetteville Combined Statistical Area, which as of 2019 had an estimated population of 854,826, making it the 65th largest CSA in the United States. History Indigenous peoples occupied this area, with varying cultures over thousa ...
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Raleigh, North Carolina
Raleigh (; ) is the capital city of the state of North Carolina and the seat of Wake County in the United States. It is the second-most populous city in North Carolina, after Charlotte. Raleigh is the tenth-most populous city in the Southeast, the 41st-most populous city in the U.S., and the largest city of the Research Triangle metro area. Raleigh is known as the "City of Oaks" for its many oak trees, which line the streets in the heart of the city. The city covers a land area of . The U.S. Census Bureau counted the city's population as 474,069 in the 2020 census. It is one of the fastest-growing cities in the United States. The city of Raleigh is named after Sir Walter Raleigh, who established the lost Roanoke Colony in present-day Dare County. Raleigh is home to North Carolina State University (NC State) and is part of the Research Triangle together with Durham (home of Duke University and North Carolina Central University) and Chapel Hill (home of the Univer ...
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Office Of Thrift Supervision
The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of the Federal Home Loan Bank Board, another federal agency (that was faulted for its role in the savings and loan crisis). Like other U.S. federal bank regulators, it was paid by the banks it regulated. The OTS was initially seen as an aggressive regulator, but was later lax. Declining revenues and staff led the OTS to market itself to companies as a lax regulator in order to get revenue. The OTS also expanded its oversight to companies that were not banks. Some of the companies that failed under OTS supervision during the financial crisis of 2007–2010 include American International Group (AIG), Washington Mutual, and IndyMac. The OTS was implicated in a backdating scandal rega ...
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Resolution Trust Corporation
The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s. It also took over the insurance functions of the former Federal Home Loan Bank Board (FHLBB). Between 1989 and mid-1995, the Resolution Trust Corporation closed or otherwise resolved 747 thrifts with total assets of $394 billion. Its funding was provided by the Resolution Funding Corporation (REFCORP) which still exists to support the debt obligations it created for these functions. History The Resolution Trust Corporation was established in 1989 by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), and it was overhauled in 1991., Resolution Trust Co ...
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Pinehurst, North Carolina
Pinehurst is a village in Moore County, North Carolina, United States. As of the 2010 census, the village population was 13,124. It is home of the historic Pinehurst Resort, a Golf resort, which has hosted multiple United States Open Championships in Golf. The village lies adjacent to the Pine Needles Lodge and Golf Club, which has hosted multiple U.S. Open tournaments in Women's Golf. A large portion of the central village, including the resort complexes, is a National Historic Landmark District, designated in 1996 for its landscape design (by Frederick Law Olmsted) and its significance in the history of golf in the United States. Pinehurst has been designated as the "Home of American Golf" by the United States Golf Association, which announced a second headquarters in the village in 2020. The area is also known for its strong equestrian community, has hosted the former Stoneybrook Steeplechase, and currently maintains the Pinehurst Harness Track. Fox hunting is also a co ...
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Mount Airy, North Carolina
Mount Airy is a city in Surry County, North Carolina, United States. As of the 2020 census, the city population was 10,611. History Mount Airy was settled in the 1750s as a stagecoach stop on the road between Winston-Salem, North Carolina and Galax, Virginia. It was named for a nearby plantation. Mount Airy was incorporated in 1885. The city's official seal was established in 1977, which depicts major industries that are home to Mount Airy including: furniture, textiles, and the granite quarry. In 1994, Mount Airy was named an All American City. The W. F. Carter House, William Carter House, Edgar Harvey Hennis House, William Alfred Moore House, Mount Airy Historic District, North Carolina Granite Corporation Quarry Complex, Renfro Mill, and Trinity Episcopal Church are listed on the National Register of Historic Places. Geography Mount Airy is located at (36.5006, −80.6093), along the Ararat River, about 5 km (3 mi) south of the Virginia state line. The ...
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Charlotte, North Carolina
Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Mecklenburg County. The population was 874,579 at the 2020 United States census, 2020 census, making Charlotte the List of United States cities by population, 16th-most populous city in the U.S., the seventh most populous city in Southern United States, the South, and the second most populous city in the Southeastern United States, Southeast behind Jacksonville, Florida. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose 2020 population of 2,660,329 ranked List of metropolitan statistical areas, 22nd in the U.S. Charlotte metropolitan area, Metrolina is part of a sixteen-county market region or combined statistical area with a 2020 census-estimated population of 2,846,550. Between 2004 and ...
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High Point, North Carolina
High Point is a city in the Piedmont Triad region of the U.S. state of North Carolina. Most of the city is in Guilford County, with parts extending into Randolph, Davidson, and Forsyth counties. High Point is North Carolina's only city that extends into four counties. As of the 2020 census the city had a total population of 113,887 with an estimated population of 114,086 in 2021. High Point is the ninth-largest municipality in North Carolina, the third-largest municipality in the Piedmont Triad metropolitan area, and the 259th-largest city in the U.S. Major industries in High Point include furniture, textiles, and bus manufacturing. The city's official slogan is "North Carolina's International City" due to the semi-annual High Point Furniture Market that attracts 100,000 exhibitors and buyers from around the world. It is home to High Point University, a private Methodist-affiliated institution founded in 1924. History High Point was at the highest point of the 1856 North ...
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