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Business Roundup: RCCC offers review course for contractor license exam

Rowan-Cabarrus Community College is offering a preparation/review course for people planning to take the N.C. Residential General Contractor License examination.
The class will meet 6 to 8:30 p.m. Tuesday evenings between Sept. 15 and Nov. 17 at North Campus (Salisbury) Building 100, room 109.
Jeff Duncan of JJ’s Construction Co. in Granite Quarry will serve as the course instructor.
There is a $55 fee for the 25-hour course, plus textbooks, which are available in the college’s bookstore. Advanced registration is required.
Call 704-216-3512 or 704-216-3742, or e-mail corriherj@rowancabarrus.edu for more information.
RCCC’s North Campus is located at I-85 (exit 75) and Jake Alexander Boulevard in Salisbury.
Carolina Farm Credit employees honored
STATESVILLE ó Mike Morton, Carolina Farm Credit chief executive officer, reports that a number of employees and directors were recognized for their years of service at the annual employee appreciation day held at Hunting Creek Preserve in Harmony.
“Being a service organization, our people are our greatest asset,” Morton said. “We are thankful for all of our employees and directors and are especially grateful for the dedicated service provided to agriculture and rural America by those who have achieved these career milestones.”
Employees recognized for 30 years of service were Inar A. Becton, service center coordinator, Greensboro; Kim B. Head, controller, Statesville administrative office; Morton, chief executive officer, Statesville; Dale H. Parker, loan officer, Rural Hall; Brent C. Shaw, SVP-Training, Wilkesboro; Hoke A. Wagoner, appraiser, Taylorsville.
Recognized for 25 years of service were: Brenda H. Carpenter, service center coordinator, Greensboro, and Karen L. Jacobs, loan officer, Hillsborough.
Those recognized for 20 years of service: Cathy M. Chamberlain, service center coordinator, Yadkinville, and Joyce P. Frye, loan officer, Carthage.
Employees with 15 years of service are Vance C. Dalton, Jr., SVP-Chief Credit Officer, Statesville administrative office, and Stephen C. Motsinger, appraiser, Pilot Mountain.
For 10 years of service: Kelly K. Adams, accountant, Statesville administrative office; Lucy M. Allen, service center coordinator, Ellerbe; Sheila S. “Janie” Furr, mortgage loan originator, Concord and Salisbury; Marjorie A. Marsh, accountant, Hendersonville; Natalie S. Outlaw, service center coordinator, Hendersonville.
Employees recognized for five years of service were James Rob Crain, VP-capital markets manager, Spindale; Jane N. Dixon, loan assistant, Sparta; Laura H. Hamilton, loan assistant, Liberty; Michael M. Hamrick, mortgage loan originator, Spindale; Roger N. Hinshaw, mortgage specialist, Liberty; Pamela H. McGee, loan assistant, Pilot Mountain; Matthew J. Mintmier, loan officer, Asheboro; Dangela L. Pearson, loan processor, Liberty; Shirley W. Price, loan closer, Liberty; Teresa F. Woods, service center coordinator, Waynesville; and Mark A. Bray, director, Lawsonville.
Carolina Farm Credit is a stockholder-owned cooperative providing short-, intermediate- and long-term financing to full- and part-time farmers and agriculture-related businesses. It also provides financing for the construction and purchase of homes in 54 counties through 37 service centers.
Other financial services available are credit life insurance, crop insurance, appraisal services, leasing programs and financial planning.
Real estate group meeting July 2
The monthly meeting of the Metrolina Real Estate Investment Association, Concord-Area Subgroup, will be held July 2 at Logan Roadhouse, 2431 Wonder Drive, Kannapolis.
Networking, dinner and announcement will take place 6-7 p.m., and the educational program will be held 7-8 p.m.
Guest speaker will be Sandi Shear, whose topic will be “Short Sale Negotiation.”
For more information, call 704-490-2001.
First Bank takes over Cooperative Bank
TROY ó First Bank announced Friday it has entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation as receiver for Cooperative Bank of Wilmington effective immediately.
The N.C. Commissioner of Banks issued an order providing for the closing of Cooperative Bank and appointed the FDIC as receiver.
According to the terms of the agreement, First Bank will acquire all deposits (except certain brokered deposits) and borrowings and substantially all of the assets of Cooperative Bank and its subsidiary, Lumina Mortgage.
All deposits are being assumed by First Bank with no losses to any depositor. Each of Cooperative Bank’s branches opened Monday as branches of First Bank.
“We warmly welcome the customers of Cooperative Bank as valued customers of First Bank,” said Jerry Ocheltree, president and chief executive officer of First Bank.
“… Most importantly, all customers can be confident that their deposits are safe and readily accessible.”
Cooperative Bank operated through 21 branches in North Carolina and three branches in South Carolina. First Bank has purchased approximately $974 million in total assets, including $835 million in loans, and assumed $873 million in liabilities, including $717 million in deposits.
The loans being purchased are covered by a loss share agreement between the FDIC and First Bank which affords First Bank significant loss protection.
First Bank is a state-chartered community bank that now operates 98 branches, with 83 branches operating in the central Piedmont, including Salisbury, and coastal regions of North Carolina, 10 branches in South Carolina and five branches in Virginia.

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