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Banks in the Charlotte, North Carolina area had increased profits despite loan losses during a difficult financial year. Analysts see evidence that the economy is improving and predict that loan losses of local banks should not continue in 2002.

Regions Financial Corp. (Atlanta, Georgia) is planning to planning to use its Morgan Keegan Inc. brokerage to expand into North Carolina. Regions financial also bought Charlotte's Park Meridian Financial Corp. in June of 2001, and have been rebranded as Regions branches.

Regions Financial Corp. acquired Park Meridian Financial Corp. to get into the North Carolina banking market.

Tom Lambeth has eased into retirement in a way that people who know him might expect: He's as busy as ever. The former executive director of the Z. Smith Reynolds [...]

Wachovia Corp.'s CEO L.M. 'Bud' Baker and First Union Corp.'s CEO Ken Thompson bear some similarities to each other in that both are known as avid readers and deep thinkers and appear to be kindred spirits. Some analysts view the similarities of the two as the reason why Wachovia has shied away from SunTrust Banks Inc., opting for a merger with First Union instead. The article details the impact of personalities on such business deals.

Most observers are unable to explain why Wachovia Corp. has agreed to be acquired by First Union Corp. Although the companies talk about increased growth prospects, most analysts dismiss this and suggest that perhaps Wachovia simply wants to be protected from a hostile takeover offer from some other bank. Wachovia just a matter of weeks before the merger announcement had informed shareholders of its five-year strategy designed to produce earnings per share growth of 11 percent.

This space is usually reserved for a glimpse into the office life of amusement industry movers and shakers, but this week we decided to focus on Amusement Business itself. That's [...]

RESEARCH SHOWS THAT companies can easily spend $3 million-plus on the implementation of customer relationship management (CRM) technology, a large proportion of which is focused on the front end--the enablers [...]

If someone told you that there is a huge, mostly untapped market out there made up of some of the most desirable clients--small-to-medium-sized businesses and their top executives--who are a [...]

Branch Banking and Trust Co.'s five executive officers have worked together for approximately 30 years. John Allison, Kendall Chalk, Kelly King, Scott Reed, and Henry Williamson formed the company's core management team in 1981 and have worked in that capacity for approximately 22 years.

Krispy Kreme Doughnut Corp. insiders filed to make approximately 300 sales of stock worth $336 million over the past year. These sales included Krispy Kreme's directors and executives, who filled to sell stocks worth approximately $50 million.

Morgan Keegan, a unit of Regions Financial Corp., is expanding its brokerage operations into the North Carolina marketplace. The move represents an effort by Regions Financial to open the way for a significant expansion into the banking marketplace.

For months, executives from Winston-Salem ad agency Mullen/LHC have trekked down Interstates 40 and 77 to Charlotte, hoping to lay the groundwork to land the account of a lifetime. As [...]

Latino media mogul Jose Isasi, who recently launched a Spanish-language newspaper and radio station in the Triangle, is eyeing Charlotte for expansion. Isasi's Que Pasa holding company, based in Winston-Salem, [...]

With its planned acquisitions in Kentucky, BB&T Corp. has reversed its recent trend of higher-than-average premiums for banks and paved the way for a move into Ohio, say analysts who [...]

Curtis Oldenkamp, the orchestrator of Lowes Foods growth strategy, keeps a map defining the company's turf on his office wall. Yellow push pins marking store locations are sprinkled on the [...]

GREENSBORO -- The New York Stock Exchange says it may delist Burlington Industries after the Greensboro fabric maker filed for Chapter 11 bankruptcy protection last week. The announcement puts Burlington's [...]

WINSTON-SALEM -- Winston-Salem's chamber of commerce is centering in its cross-hairs a sometimes overlooked target for local economic development. BB&T Corp. The Greater Winston-Salem Chamber of Commerce's campaign to keep [...]

WINSTON-SALEM -- Hot doughnuts are rolling off a stainless-steel conveyer belt at Krispy Kreme's newest store here. And that's bigger news than you might think. This is the first Krispy [...]

Krispy Kreme Doughnut Corp. is interested in opening an overseas store by 2003 and is considering 10 foreign markets including Japan, England, and Mexico. Led by Don Henshall, Krispy Kreme's overseas endeavors have garnered fortuituous advance publicity because of skyrocketing stock values and tourist word-of-mouth. Since domestic growth is in its infancy, a coincident growing overseas operation will contribute greatly to the company's long range success.

The acquisition of Wachovia Corp. by First Union Corp. will probably hurt vendors who supply Wachovia with services ranging from real estate to travel to advertising and with products such as office equipment and supplies. A few companies that already work with both banks may have increased opportunities.