User:Vchimpanzee/Uwharrie Capital

Uwharrie Capital Corporation (UWHR) is a bank holding company headquartered in Albemarle, North Carolina. In Novemer 2012 it had $535 million in assets.

Bank of Stanly
Bank of Stanly in Albemarle began January 26, 1984. As of 2013 it has $349,202,000 in assets, three branches in Albemarle and one brach each in Locust, Norwood and Oakboro.

Cabarrus Bank & Trust
In 2002, a group of investors announced plans to start the first local bank in many years. Cabarrus Bank & Trust would bring back the name of a bank taken over by Northwestern Bank (later itself taken over by First Union). The bank's headquarters was to be located on North Church Street in Concord, North Carolina. The bank opened April 11, 2003 with over $17 million in assets. It was owned by Uwharrie Capital Corp., parent of Bank of Stanly, which opened a branch in Concord intending for that branch to become the first Cabarrus Bank branch. Bank of Stanly also had an office in Mount Pleasant. Those who started Cabarrus Bank & Trust promised it would remain a local bank. The Concord headquarters was renovated in 2007.

Merger and name change
CEO Roger Dick said in 2013 that it would be more efficient to have one bank.