Surry Business

For and about business in Surry County, N.C., including Dobson, Elkin, Lowgap, Pilot Mountain and Mount Airy

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Entries Tagged as 'Finance'

Surrey Bank is SBA’s top community bank in two states

October 29th, 2007 · No Comments

Surrey Bank & Trust has been named the U.S. Small Business Administration’s “North Carolina Community Bank Lender of the Year” for the fourth time in the past five years. During the fiscal year from Oct. 1, 2006, through Sept. 30, 2007, the Mount Airy, N.C.-based bank was also the most active community bank lender in […]

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Tags: Businesses · Finance

Countrywide Financial, other lenders may renegotiate loans

October 29th, 2007 · No Comments

Countrywide Financial Corp., the nation’s largest mortgage lender, announced it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. Other financial institutions also may help financially strapped borrowers hang on to their homes, The Associated Press reported Sunday. Moody’s […]

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Tags: Finance

Earnings up 7.8% at Yadkin Valley Financial

October 26th, 2007 · No Comments

Yadkin Valley Financial Corp. (NASDAQ: YAVY) in Elkin, the holding company for Yadkin Valley Bank and Trust Co., has reported earnings of $3.92 million for the quarter that ended Sept. 30, 2007, an increase of 7.8 percent compared with earnings of $3.64 million for the same quarter of 2006. Diluted earnings per share were $0.37 […]

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Tags: Finance

Investment advisor earns recognition

October 25th, 2007 · No Comments

John W. Moore of Surrey Investment Services in Mount Airy, a registered representative with UVEST Financial Services, has earned one of PLANCO’s highest honors: membership in the 2007 Captain’s Club. PLANCO, a wholesaler of investment and insurance products, gives Captain’s Club membership to representatives who produce more than $1 million in sales in a calendar […]

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Tags: Finance

Southern Community’s net income down 17 percent

October 19th, 2007 · No Comments

Southern Community Financial Corp. (NASDAQ: SCMF) in Winston-Salem, the holding company that owns Southern Community Bank and Trust, reported on Oct. 18 that net income declined by 17 percent to $1.7 million in the third quarter of 2007 compared with the third quarter of 2006. Diluted earnings decreased 17 percent to 10 cents a share […]

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Tags: Finance

Wachovia’s net income down 10 percent in third quarter

October 19th, 2007 · No Comments

Wachovia Corp. (NYSE:WB) of Charlotte today reported net income of $1.69 billion, or 89 cents per share, in the third quarter of 2007. The dollar volume is down 10 percent from $1.88 billion, or $1.17 per share, in the third quarter of 2006. After-tax net merger-related expenses amounted to 1 cent per common share in […]

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Tags: Finance

Bank of America’s income plunges in third quarter

October 19th, 2007 · No Comments

Bank of America Corp. (NYSE: BAC) reported Thursday that third-quarter net income declined 32 percent to $3.70 billion from $5.42 billion a year earlier. Diluted earnings per share fell 31 percent to $0.82 from $1.18. The lower net income resulted from a $1.33-billion decline in earnings in global corporate and investment banking “given the significant […]

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Tags: Finance

BB&T earnings increase

October 19th, 2007 · No Comments

BB&T (NYSE: BBT) reported Oct. 18 that diluted earnings rose by 3 cents to 80 cents a share in the third quarter. The earnings fell 4 cents short of the average forecast by analysts surveyed by Zacks Investment Research. However, the WInston-Salem-based bank increased its profit in the quarter while rivals Bank of America Corp. […]

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Tags: Finance

Wachovia declares quarterly dividend

October 17th, 2007 · No Comments

Wachovia Corporation’s board of directors has approved the company’s regular 64-cents-per-share quarterly cash dividend on its common stock. The dividend is payable on Dec. 17, 2007, to shareholders of record as of the close of business on Nov. 30, 2007. Wachovia Corporation (NYSE: WB) is one of the nation’s largest diversified financial services companies, with […]

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Tags: Finance

BB&T observes National Customer Service Week

October 4th, 2007 · No Comments

BB&T has various activities planned for National Customer Service Week, which began Oct. 1. The financial holding company has received national accolades recently for its client service. BB&T plans to build on that momentum with a week of activities designed to highlight the bank’s client service culture, known as the “Perfect Client Experience.” “This week […]

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Tags: Finance