Regional Report Charlotte July 2012
Grocery chain shores up numbers on home turf
Matthews-based Harris Teeter Supermarkets Inc. has seen its future, and it looks a lot like the past. The grocer, which opened its first store in Charlotte in 1936, has agreed to buy 10 stores in the population-dense Charlotte metropolitan statistical area from Winston-Salem-based Lowe’s Food Stores Inc. for $26.5 million and six Harris Teeter stores. The deal, expected to close this month, is part of the company’s “strategic plans to replace rural store locations with more urban locations with higher density of our target demographic groups,” CEO Thomas Dickson said in a statement.
Charlotte’s rank among America’s manliest cities, according to a study paid for by Combos Snacks, based on traits such as number of steakhouses, hardware stores and “manly” occupations per capita. It was second last year.
CHARLOTTE — Quicken Loans Mortgage Services will move into a new office here, doubling its space to 20,000 square feet, and plans to add 75 workers to the 150 at the Charlotte-based division by year-end. The mortgage servicer is part of Detroit-based Quicken Loans, an online lender.
CHARLOTTE — Park Sterling Corp. will acquire Gastonia-based Citizens South Banking Corp., the parent of Citizens South Bank, in a deal valued at $77.8 million. The combined company will have $2.2 billion in assets and 45 branches in three states, creating the largest community bank in the Charlotte region.
CHARLOTTE — Ultimate Air Shuttle began a direct flight from Wilson Air Center at Charlotte Douglas International Airport to Cincinnati aimed at business clients. The Cincinnati-based company operates the flight Monday through Thursday.
GASTONIA — Irvine, Calif.-based Freedom Communications sold its North Carolina newspapers to Daytona Beach, Fla.-based Halifax Media Group for an undisclosed amount. The papers include The Gaston Gazette, The (Shelby) Star, The (Burlington) Times-News, The (Jacksonville) Daily News and Kinston Free Press.
CHARLOTTE — First Trust Bank will be acquired by High Point-based BNC Bancorp, the parent of Bank of North Carolina, for $35 million. The deal will increase BNC’s Charlotte metro presence to $650 million in loans and $589 million in deposits.
MAIDEN — State regulators approved Apple’s application to build what would be the nation’s largest nonutility fuel-cell operation at the Cupertino, Calif.-based tech giant’s data center in Maiden. The 4.8-megawatt system — which generates power through a chemical reaction — and nearby 40-megawatt solar farm will produce 60% of the data center’s energy. The data center supports its iCloud online data storage and its Siri voice-recognition program.