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Kernersville is home to a wide
range of services
The immediate Kernersville area is
well-served by a variety of local and regional banking facilities, in addition to banch
offices of a national securities dealer and a national financial advisory firm.
Profiles of each of these banking and investment companies
follows.
Edward Jones & Co.
Edward Jones & Co.,
established in 1871, is a member of the New York Stock Exchange, Inc. The Kernersville
branch was opened in February, 1984 to provide clients with reliable, conservative
financial products from a convenient local facility. Located at 109-A East Mountain
Street, the firm offers stocks, government securities, tax-free and corporate bonds,
mutual and money-market funds, FDIC-insured CDs, annuities and life, disability and
long-term care insurance. Overall, the firm has 114 offices in North Carolina, including
21 in the Piedmont Triad, and over 4,084 locations nationally. (Jim Barrett, 996-7333)
American Express Financial Advisors
A wide range of financial
advisory services are offered from American Express’ local offices at 935 E. Mountain
St. (Jim Corlett, 996-1730)
BB&T
BB&T (Branch Bank &
Trust) is a major, North Carolina-and-beyond banking organization based in Winston-Salem.
In recent years, BB&T acquired both the Old Stone Bank and Southern National Bank
(which had maintained Kernersville locations), and established its banking branch office,
with drive-through, and ATM services at its 237 East Mountain Street location.
The bank offers a wide range of personal, commercial and retail
banking services. Its branch office manager is Gale Motsinger. (996-1333)
Central Carolina Bank & Trust
Central Carolina Bank &
Trust Co. (CCB) has a Kernersville branch office at new Market Plaza, below Business I-40
just off South Main Street (in front of Food Lion).
CCB features a full line of consumer and commercial loans, as
well as full service for all retail banking needs. An automatic teller machine with RELAY
connection is also available. Mike Jacobs is branch manager and city executive. (996-8600)
Centura Bank
Centura Banks, Inc. is a
bank holding company formed by the merger of Peoples Bancorporation and the Planters
Corporation in November, 1990. Headquartered in Rocky Mount, N.C., Centura Banks, Inc.
provides a full range of personal, business and trust banking services. The company has
assets of more than $4 billion.
The local branch office of Centura Bank, located at 823 South
Main Street, will move its location on September 11, 1998, into the Kroger store, also on
South Main Street. It will then have extended hours of Mon.-Sat. from 9 a.m. to 7 p.m.
and, starting in October, Sunday from 1-5 p.m. (992-1000)
First Citizen's Bank
First Citizens Bank was
founded in 1896 and has operated in Kernersville since 1984.
The company has assets of $6.9 billion and is ranked as the fifth
largest bank in North Carolina. The full-service bank operates 294 offices in 170
communities, offering a complete line of financial products including consumer, commercial
and mortgage loans, as well as investment services.
The Kernersville office, under the direction of J.R. Gorham, vice
president and branch manager, is located at 134 South Main Street with access to Cherry
St., just south of Mountain Street near the center of town.
First Union
First Union is a major
regional banking firm, headquartered in Charlotte, N.C.
The Kernersville office of First Union National Bank of N.C. is
part of First Union’s 87-year tradition of service and stability. Located at 230 East
Mountain Street, the branch office offers a complete range of deposit, loan and investment
products, as well as three drive-in teller lanes, a 24-hour ATM and safe deposit boxes.
(996-2222)
Independence Bank
Independence Bank opened
for business on November 5, 1997, at 211 Broad Street (at the corner of Broad and Harmon).
It is the first home-owned bank chartered in Kernersville since 1903.
Independence Bank offers extended hours – in addition to
normal operating hours, it is open until 8 p.m. on Tuesday and Thursday, and offers
drive-through banking hours on Saturdays from 10 a.m. to 1 p.m. It also offers top deposit
rates, all mortgage types, all consumer loans, small business and commercial loans –
all with a rapid response to requests.
The bank has over 16 employees with over 220 combined years of
banking experience. Kenneth E. Flynt is the chief executive officer, and David B. Mancuso
serves as chief lending officer. It is a bank bringing a full range of banking services
with an emphasis on local service and a hometown bank environment here in Kernersville.
(996-1776)
LSB
As Lexington State Bank
(LSB) looks forward to 1999, its Golden Anniversary year, customers of LSB’s
Kernersville office, at 131 East Mountain Street, are benefiting from a professional staff
of old friends who are providing new financial opportunities.
The old friends? LSB-Kernersville City Executive/Vice President
Debbie Cook, Head Teller Lauri Moses and Assistant Branch Manager Pat Phillips opened the
full-service office in February, 1995, and Teller Clay Anne Shaver joined the staff a year
later.
What’s new at LSB? A recently-published survey shows that
LSB is the market’s lowest-cost provider of high-quality checking services. "Our
Flex Checking includes the free ‘Safe Checking’ account, and we have the unique
Hometown, Classic, Infinity and Investors accounts with low, or no, fees, and many
desirable lifestyle features," Cook said.
Cooks and Phillips also have millions of dollars to lend in
Kernersville for consumer and business purposes, including mortgage loans at very
competitive terms and rates.
LSB now has a drive-up ATM for LSB Teller 24 and Check 24
cardholders. Kernersville customers have quick access to LSB trust officers and a full
line of alternative investment and brokerage products through LSB Financial Services, Inc.
Although the largest community bank in the Piedmont Triad and the
tenth largest bank in North Carolina, LSB chooses to remain independent and close to the
neighborhoods it serves in Forsyth, Stokes and Davidson counties. (993-2100)
NationsBank
NationsBank is a major
regional banking firm headquartered in Charlotte, N.C. Its Kernersville branch office,
under the direction of John Cleveland, is located at 205 East Mountain Street.
One of the nation’s strongest banking firms, NationsBank
offers a full array of account services. Included are deluxe, bonus and regular checking,
money market and savings accounts, CDs, bank and ATM cards, loans, trust and discount
brokerage products. (996-2061)
Piedmont Federal
Piedmont Federal Savings
& Loan is the oldest financial institution still doing business in town. Founded in
1903, the corporation operates a number of branches in northwest North Carolina. The
Kernersville branch, managed by R. Ned Mabe, has been a part of town since 1961. The
branch office is located at 203 N. Main Street.
Piedmont Federal’s core business is a wide variety of
savings plans, whose resources are invested in the provision of home loans for local
residents. (993-2156)
Wachovia
Wachovia Corporation is an
interstate bank holding company with $64.7 billion in assets and dual headquarters in
Winston-Salem and Atlanta, Ga. The office at 221 East Mountain Street is one of more than
750 in Florida, Georgia, North Carolina, South Carolina and Virginia that comprise
Wachovia Bank, N.A.
Wachovia offers investment counseling services in many offices,
including the Mountain Street location, according to Office Executive Gregory J.
Spainhour. In addition, a discount brokerage service is available for the purchase of
stocks, bonds and options at reduced commissions.
Wachovia also offers a banking account specifically designed for
small businesses; a full array of home mortgage loan products; low-rate and no-fee Visa
and MasterCard credit cards; VisaCheck; a debit card; and a wide range of other banking
services to the Kernersville community. (993-1700) |
