Banking

Business & Economy
10:56 pm
Sat February 9, 2013

Rocky Mount Exhibit Honors Banking History

Peoples Bank and Trust opened in Rocky Mount during the Great Depression.
Credit PNC Legacy Project

One of the biggest banks in North Carolina is PNC. The bank was introduced to the state after its acquisition of RBC last year.  These banking institutions have roots that reach back to Rocky Mount.  And that’s where a new exhibit honors the region’s rich banking history.

The PNC Legacy Project is the first exhibit you see when you walk into the Imperial Centre for the Arts and Sciences in Rocky Mount.  David Combs is the Mayor of Rocky Mount.  He was born and bred here.

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Law
12:45 pm
Wed December 5, 2012

Bank Robberies Down Slightly

The North Carolina Bankers Association says the number of bank robberies is down slightly since last year. The group met with law enforcement agencies yesterday to discuss how to reduce the crime rate. The association says there have been 113 robberies this year compared to 129 in 2011. Associate counsel Dawn Thompson says the group keeps track of crime trends to help law enforcement cut down on robberies.

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Business & Economy
5:00 am
Fri November 9, 2012

Fighting Bank Walk-Aways In Durham

Protest signs on abandoned house on East Geer Street in Durham.
Credit Leoneda Inge

There are neighborhoods in many urban areas across the country with empty, dilapidated houses. Chances are the down economy got the best of the owner resulting in foreclosure.  But in thousands of cases foreclosures have gone wrong like at a house on East Geer (gear) Street in Durham.   For years no one took responsibility for the defaulted mortgage.  That means, the foreclosure was not completed, the structure could not be sold, resulting in blight.  It’s called a “bank walk away.”

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Business & Economy
5:10 pm
Wed October 3, 2012

State Officials Question Alabama Bank's Loans

North Carolina officials are seeking answers from an Alabama-based bank that is offering payday loans in the state. Such short-term, high-interest loans are illegal in North Carolina. But Regions Bank, which has several branches here, is offering the loans online. Attorney General Roy Cooper says his office has written Regions Bank to see if any North Carolina customers have taken out the loans.

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Business & Economy
9:15 am
Mon September 10, 2012

Mortgage Conference In Raleigh

The annual American Mortgage Conference gets underway today in Raleigh. Bankers, regulators, and government officials will meet for 3 days to discuss ways to get the mortgage market moving again. Thad Woodard is president and CEO of the North Carolina Bankers Association. He says the system now is much more strictly regulated under the Dodd-Frank financial reform act.

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Politics & Government
6:10 am
Thu May 24, 2012

Federal Agency Looking At Prepaid Cards

A federal agency is looking to better regulate prepaid cards. The Consumer Financial Protection Bureau held a meeting in Durham yesterday.

Gurnal Scott: The CFSB says people who put money on prepaid cards don't know about charges to withdraw money or even get information on their accounts. The cards aren't attached to any bank. Durham resident Amy Matthews found out after trying to get to the money she put on a card.

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Business & Economy
6:35 am
Thu March 22, 2012

Support for Export-Import Bank

A North Carolina business is calling on the U-S Senate to stop its partisan bickering and re-authorize the Export-Import Bank of the United States.

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Business & Economy
8:30 am
Thu January 5, 2012

Minority Banks Get DNC Deposits

Two minority banking institutions in Durham have just received big financial investments from the Democratic National Convention Committee.

Leoneda Inge:  Yesterday, Steve Kerrigan, head of the DNC Committee, officially invested 4-million-dollars in convention funds in the Latino Community Credit Union and Mechanics and Farmers Bank.

Steve Kerrigan:  We hope that Mechanics and Farmers and LCCU use these resources to do what they do best which is to invest in the community.

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Business & Economy
10:00 am
Wed October 5, 2011

Banking Act Would Give Consumers "Freedom"

Eric Hodge:  North Carolina Congressman Brad Miller has introduced a bill he says will give consumers the power to switch banks if they’re disgruntled over fees. Leoneda Inge reports.

Recent announcements about rising fees from big banks like Bank of America have some consumers mad.  Democrat Brad Miller of Raleigh says that’s why he introduced the “Freedom and Mobility in Banking Act.”

Brad Miller:  "Banks should send money by electronically from one bank to another when you decide you want to transfer your accounts because you weren’t happy with your first bank."

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Business & Economy
5:14 pm
Mon June 20, 2011

Raleigh-based RBC Bank Sold

RBC bank
Credit RBC

PNC Financial has announced that it will buy Raleigh-based RBC Bank in a move that will allow the Pittsburgh-based bank to expand into the South. The deal is worth nearly $3.5 billion. Jim Westlake is the CEO of RBC Bank in Raleigh. He says he doesn't know yet what the local impact will be.

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