Bailout Bank Bio: Uwharrie Capital Corp

Aug 5, 2009 | 1 min read | Print Article

Uwharrie Capital Corp operates as the holding company for Anson Bank & Trust, Bank of Stanly, and Cabarrus Bank & Trust. The company, through its other subsidiaries, provides investment advisory and portfolio management services to customers in the Uwharrie Lakes Region, as well as serves as a trustee and substitute trustee under deeds of trust. The company was founded in 1983 and is based in Albemarle, North Carolina.

In December Uwharrie Capital began participating in the Treasury Department’s Capital Purchase Program . Under the program Uwharrie received $10 million from treasury in exchange for preferred stock and warrants.

Federal Equity Investment	$10 million
Total Revenue	$33.6 million (2008)
Net Income	$3.0 million (2008)
Number of Employees	139
Corporate Headquarters	Albemarle, NC
Business Sector	Private Bank
Officers and Director	Dick, Roger Lee President, CEO, Director Other Officers and Directors
Corporate Website	http://www.uwharriecapitalcorp.com/ucc/
Executive Compensation	Uwharrie Capital Corp