Business roundup: Food Lion official to chair retail group, Rowan Monuments opens on Statesville Boulevard

  • Posted: Sunday, April 28, 2013 12:24 a.m.

RALEIGH — Salisbury resident Teross Young, vice president of government relations for Food Lion, was recently elected chairman of the board of directors of the North Carolina Retail Merchants Association.

He has served on the nonprofit trade association’s board for more than 10 years. The formal announcement was made during the association’s annual meeting earlier this month at the Grandover Resort in Greensboro.

The North Carolina Retail Merchants Association is a nonprofit trade association that was organized in 1902 to improve the business climate for retail merchants. More than 25,000 stores are part of the organization, with about 60 percent of members coming from independent stores.

Rowan Monuments now open

SALISBURY — James Poe has opened Rowan Monuments, a provider of granite, bronze and marble monuments, at 116-A Statesville Blvd.

Poe is a life-long resident of Rowan County and a real estate agent.

“I chose the name of my business very carefully,” said Poe. “I want people to know that this is a Rowan County business, that it is locally owned and operated.”

He opened Rowan Monuments after spending two years in sales with another monument provider that closed during the economic downturn.

“When families are grieving, they often don’t realize that there are ways they could be saving money,” Poe said.

He encourages families to get multiple estimates when shopping for a memorial or columbarium. Poe offers veteran discounts.

Rowan Monuments gets most of its granite from Elberton, Ga., the granite capital of the world. According to Poe, his business has a large selection of samples and can custom design monuments using different colors of granite and laser engraving. The company also provides multi-unit columbaria for churches and cemeteries.

Rowan Monuments’ website is and you can call Poe at 704-905-6651. Office hours are 10 a.m.–4 p.m. Monday-Friday or by appointment.

Courtyard by Marriott ribbon cutting

A ribbon-cutting ceremony for the Courtyard by Marriott, 120 Marriott Circle, Salisbury is scheduled for 2 p.m. Wednesday, May 1.

Wilsey joins Thrivent Financial for Lutherans as financial representative

SALISBURY — Alison Wilsey of Salisbury has joined Thrivent Financial for Lutherans as a financial representative with the organization’s Eastern Regional Financial Office.

Her office is located at 2507 Jake Alexander Blvd. South in Salisbury.

Before joining Thrivent Financial, Wilsey worked at SunTrust Bank and SunTrust Investment Services Inc. Wilsey graduated from Catawba College with a bachelor’s degree in business. Wilsey attends Faith Lutheran Church in Faith.

“We see Alison as a valuable addition to our office’s field staff,” said Steve Molen, managing partner of the Eastern Regional Financial Office in Mt. Pleasant, S.C. “We look forward to the energy and dedication Alison will bring to the team. She will play a key role in serving our members’ financial needs.”

F&M Investment Services’ Sanborn, Holt on list of top advisers

SALISBURY — Jason Holt and Bruce Sanborn of F&M Investment Services were recently honored.

Holt was named to the list of Top 50 Investment Advisers by Bank Investment Consultant magazine. Of 50 advisers, Holt was ranked 41. The honorees were profiled in the December 2012 issue of Bank Investment Consultant magazine.

Holt was hired as a financial consultant for F&M Investment Services in 2001. Holt and his wife, Laura, live in Kannapolis and have two children.

Holt and Sanborn were recognized as top financial advisers by LPL Financial and named to the Chairman’s Club.

LPL Financial is the nation’s largest independent broker-dealer and provides investment services to the customers of F&M Investment Services. The top adviser distinction is based on an annual production ranking of all registered advisers supported by LPL Financial.

“We congratulate Jason and Bruce for this remarkable achievement, which signifies excellence and a proven ability to deliver innovative financial services and solutions,” said Bill Dwyer, president of national sales and marketing for LPL Financial. “Chairman’s Club advisers are without a doubt among the premier financial advisers in our industry. They serve as trusted resources and counselors for their clients and their communities.”

Bank of the Carolinas reports net income of 5 cents per share

MOCKSVILLE — Bank of the Carolinas Corp. reported net income per diluted common share was 5 cents for the first quarter compared to 14 cents for the fourth quarter of 2012 and a net loss per share of 70 cents for the first quarter of 2012.

Net income was $191,000 in the first quarter compared to a net loss of $2.7 million for the first quarter of 2012. It had $551,000 in net income for the fourth quarter of 2012.

Total assets on March 31, 2013, were $432.2 million, a decrease of 9.9 percent when compared to $479.8 million on March 31, 2012. Loans totaled $269 million on March 31, 2013, a decline of 9.2 percent from a year earlier. Deposits decreased 11.3 percent over the prior year to $366.5 million.


Philpott named to regional female recruiting team for Edward Jones

Jolene Philpott, an Edward Jones financial adviser in Salisbury, has been appointed as female recruiting leader for the firm’s women’s initiative in North Carolina.

Philpott will lead a group of Edward Jones financial advisers who will work closely with women in the Charlotte metropolitan area interested in a career with the global financial services firm.

For women interested in learning more about this career opportunity, Edward Jones has a web site located at

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