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Category: Finance

Bank Expansion Excitement
Business News

Huntington National Bank Announces Expansion Plans in Charlotte, Bringing 350 New Jobs and 55 Retail Branches to the Carolinas

Exciting News for Charlotte: Huntington National Bank is Expanding! Hey there, folks! If you’ve been strolling around Charlotte lately, you might have heard some buzz in the banking world. Well, hold onto your hats because we’ve got some thrilling news: Huntington National Bank is making its move into the Carolinas! That’s right, this Ohio-based bank has announced plans to set up dozens of retail branches and create about 350 new

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September 9, 2024 No Comments
Mall for Sale
Business News

Northlake Mall in Charlotte Faces Potential Sale Amid Retail Landscape Changes

Northlake Mall in Charlotte: A Potential Sale Could Be on the Horizon Charlotte, known for its vibrant culture and bustling economy, could be witnessing yet another shift in its retail landscape with the potential sale of the Northlake Mall. This development was recently highlighted, raising eyebrows among local shoppers and businesses alike. What’s Happening? Recent reports suggest that Northlake Mall is being prepared for a sale. The decision to list

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September 9, 2024 No Comments
Bank Expansion Announcement
Business News

Huntington National Bank to Open 55 New Branches in the Carolinas by 2029, Creating Over 350 Jobs

Exciting Expansion in the Carolinas: Huntington National Bank Plans 55 New Branches Charlotte, NC – Big news is coming to the Carolinas as Huntington National Bank, a well-respected bank hailing from Columbus, Ohio, announces plans to open 55 new branches across North and South Carolina by 2029. This expansion is set to boost the local economy not only by enhancing banking services but also by creating over 350 jobs in

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September 9, 2024 No Comments
Community Celebration Event
Business News

Charlotte Secures $17 Million Grant from Knight Foundation for Community Growth and Development

Charlotte Receives $17 Million for Community and Economic Development In an exciting turn of events for the city of Charlotte, three local organizations are set to receive a whopping $17 million grant from the national nonprofit Knight Foundation. This generous funding aims to boost economic growth, enhance culture, and foster community connections throughout the city. The announcement was made during a festive community celebration at the Mint Museum, bringing everyone

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September 9, 2024 No Comments
Electricity rate adjustment concept
Business News

Duke Energy Announces Rate Changes for Customers in Charlotte

Duke Energy Announces Rate Changes for Customers in Charlotte CHARLOTTE, N.C. – Duke Energy has revealed that residents will see a decrease in electricity rates starting January 2025, but not before a temporary increase takes effect this September. The utility company has indicated that a 3.6% reduction in rates will correspond to an estimated saving of around $5 on average monthly bills. What to Expect Before the Decrease Before enjoying

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September 2, 2024 No Comments
"City commuting revolutionized."
Business News

Progress on Red Line as Charlotte Readies Acquisition of Norfolk Southern’s O Line

Progress on Red Line as Charlotte Readies Acquisition of Norfolk Southern’s O Line Exciting Developments in Charlotte Charlotte is making significant strides on the Red Line project, with plans set to solidify the acquisition of Norfolk Southern’s underutilized rail line. The city’s leadership is optimistic as the Charlotte City Council aims to finalize the deal by September 2024. This acquisition is a major step forward in a long-term initiative that

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July 30, 2024 No Comments
Financial security fortress concept
Business News

Charlotte’s Federal Reserve – A Monument of Financial Security and Prosperity

Charlotte’s Federal Reserve – A Monument of Financial Security and Prosperity In Charlotte, North Carolina, the Federal Reserve Bank branch stands as a testament to the city’s regional financial and economic significance. Entrance into the exclusive club of cities graced by Federal Reserve Bank branches or satellites was determined by factors including monetary prominence and regional influence. Over the past century, the introduction of such branches, including that in Charlotte,

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July 15, 2024 No Comments
Economic diversity in Charlotte.
Agriculture

Charlotte Residents Discuss Economic Development

Charlotte Residents Discuss Economic Development Residents of Charlotte, North Carolina, have voiced their concerns regarding economic growth and the inclusion of Black-owned businesses in city development plans. These discussions were a crucial part of the Sarah Stevenson Tuesday Forum that took place on July 9. The economic rise of Charlotte With significant growth in recent years, Charlotte is poised to continue its economic development journey. Proposed plans highlight a $650

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July 11, 2024 No Comments
Corporate skyline at sunset
Business News

Charlotte Region: A Leading Destination for Fortune 500 and 1000 Companies

Charlotte Region: A Leading Destination for Fortune 500 and 1000 Companies The Booming Business Hub: Charlotte Region With more than a dozen Fortune 500 and Fortune 1000 companies calling it home, the Charlotte region of North Carolina has quickly risen to the top as a preferred destination for businesses across all sizes. Companies are strategically choosing Charlotte for its business-friendly climate, robust infrastructure, and skilled workforce. Stellar Growth in Business

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June 25, 2024 No Comments
Cybersecurity breach aftermath concept.
Business News

Truist Bank Faces Litigation Over 2023 Cybersecurity Incident

Truist Bank Faces Litigation Over 2023 Cybersecurity Incident Incident Overview Located in the financial hub of Charlotte, North Carolina, Truist Bank has been besieged by lawsuit following a cybersecurity incident in 2023. The incident, which was reportedly contained quickly, nonetheless resulted in a legal dispute. A spokesperson for Truist Bank confirmed they are currently reviewing the case, while refraining from providing further comments on the ongoing litigation. Cybersecurity Incident and

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June 25, 2024 No Comments

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