York Chamber honors three members
YORK -- The Greater York Chamber of Commerce honored three individuals and two businesses Friday night, at its 69th annual meeting at Spring Lake Country Club.
Ann Morrison of Hummingbird Forest was named Business Person of the Year. She is a past president of the York Downtown Business Association, led the effort to get new Christmas decorations for downtown York and is a new board member for the chamber.
William Langford of York was named the Volunteer of the Year. Langford has served many years on the Summerfest committee, chamber board and serves as treasurer of the York Rotary Club.
Robert Allison was named Citizen of the Year. For 20 years, Allison has recruited entertainment at Summerfest and the past two years for Downtown Live. He is a past president of the chamber and is a board member this year.
The Coal Yard restaurant, owned by Jessica Dunlap, was selected Business of the Year, one to 15 employees. Boyd Tire & Appliance, operated by Neil Boyd and John Bailey, was named Business of the Year, more than 15 employees.
Provident bank releases year-end results
Rock Hill-based Provident Community Bank this week reported year-end operating results for the three and 12 months ended Dec. 31, 2007.
Net income for the fourth quarter of 2007 was $212,000 compared with $814,000 for the fourth quarter of 2006. Earnings were $0.12 per share for the fourth quarter of 2007, versus $0.44 per share for the fourth quarter of 2006. Net income for the 12 months ended Dec. 31, 2007, was $2.2 million, or $1.18 per share, compared with $2.8 million, or $1.48 per share for 2006.
At year's end, the bank's assets totaled $407.6 million, a 5.2 percent increase from $387.6 million last year. The increase in assets reflected an increase in loans, primarily higher-yielding commercial and consumer loans, offset by a decrease in lower-yielding investments and mortgage-backed securities, the company said.
The company also declared a quarterly cash dividend of $0.115 per share payable on Feb. 15 to shareholders of record on Jan. 30.
Carolina First to increase development support
Carolina First bank this week announced its commitment to increase its financing of the Catawba Regional Development Corp. through a $250,000 loan. The capital loan is designed to enhance the Catawba Regional Development Corp.'s Community Development Financial Institutions program.
The loan program allows the development corporation to meet the financing needs of businesses throughout the region. Carolina First is one of five financial institutions to finance the program.
Cosmetologist seminar in Rock Hill on Sunday
The S.C. Cosmetologist Association will present a seminar for licensing renewal from 9 a.m. to 5 p.m. Sunday at the Ramada Inn at 2640 Cherry Road, Rock Hill.
Attendees should bring their cosmetologist license number, pen, paper and a picture ID. The fee is $45 for association members and $60 for nonmembers.
For details, call Annie Perry at 328-0773 or Vera Foote at 377-1185.
RBC Centura Bank to change name
After two acquisitions in 13 months and one more pending, RBC Centura Bank this week announced plans to change the company's name to RBC Bank (USA) this spring.
RBC Centura, which has been a subsidiary of Royal Bank of Canada (RBC) since 2001, has one branch in Rock Hill, at 1888 India Hook Road. The institution provides banking, insurance, builder finance products, full-service brokerage and corporate and investment banking services to approximately 2 million clients in the United States and 15 million worldwide.
The official name change will occur in April. Customer accounts will not be affected, and there is no action required by customers, the company said. Until that time, the bank will operate as RBC Centura. Branch signs will be changed to RBC Bank over a period of time, after the change is effective in April.
Schlumberger reports increase in profits
HOUSTON -- Oilfield services provider Schlumberger Ltd. opened the earnings season for oil-sector companies Friday, reporting a 22 percent rise in fourth-quarter profit but failing to meet Wall Street expectations.
Fourth-quarter results were driven by demand in the Eastern Hemisphere and Latin America, but North American profits disappointed.