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'

Yadkin Valley Financial closer to acquiring Cardinal State

September 25th, 2007 · No Comments

Yadkin Valley Financial Corp. of Elkin (Nasdaq: YAVY), owner of Yadkin Valley Bank and Trust Co., and Cardinal State Bank (Nasdaq: CSNC) of Durham are one step closer to completing their proposed merger. On Sept. 19, the North Carolina Commissioner of Banks approved their application for merger. The Federal Deposit Insurance Corp.’s approval for the […]

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Tags: Businesses · Finance

RBC Centura buying Alabama bank holding company

September 7th, 2007 · No Comments

Raleigh-based RBC Centura Inc. (NYSE: RY), a subsidiary of the Royal Bank of Canada, is buying Alabama National BanCorp. in a $1.6 billion cash-and-stock purchase that continues the bank’s growth in the Southeast. RBC Centura will acquire 45 full-service branch banks in Alabama, 45 in Florida and 13 in the Atlanta area. In the past […]

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Tags: Businesses · Finance

Wachovia puts financial advice in new podcast

August 22nd, 2007 · No Comments

Wachovia Corp. has launched its first podcast on its Web site, pilot program, dubbed The Week Ahead, provides listeners with commentary on a variety of economic events and their potential impact both domestically and internationally. Visitors to the site can subscribe to the weekly digital media file for free. It’s on the Corporate & […]

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Tags: Businesses · Finance

Surrey Bancorp earnings up 21%

July 30th, 2007 · No Comments

Mount Airy-based Surrey Bancorp (OTC Bulletin Board: SRYB) announced July 26 that it earned $725,038 or $.20 per fully diluted share for the second quarter of 2007. This represents a 21 percent increase in profitability from the second quarter of 2006, when earnings were $600,144 or $.17 per fully diluted share. Increases in net interest […]

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Tags: Finance