Pat Horton Joins Cabarrus Bank & Trust as Chief Executive
Officer
 Wednesday,
June 2nd 2004 - Concord, NC - Patricia K. Horton, formerly
with First Charter Bank in Charlotte, joins the executive
management team of Cabarrus
Bank & Trust as Chief Executive Officer. The Board
of Directors announced that the selection of Ms. Horton to
the CEO position would be effective June 14, 2004. Her office
will be located in Cabarrus Bank & Trust’s Concord
branch at 25 Palaside Drive.
Alex Rankin, Chairman of the Board, stated, “Two
years ago we declared our commitment to provide a true community
banking alternative for Cabarrus County. Today we proudly
announce that Pat Horton, a life-long resident of Cabarrus,
has agreed to direct our team in this grassroots banking
movement. With more than 30 years of banking expertise Pat
personifies the community banking spirit. She truly shares
our vision - Making A Difference - for the people, by the
people. Our bank and our community will continue to prosper
under her leadership.”
In her new position, Ms. Horton will assume
responsibility for the operation and management of the bank’s
employees and facilities in Cabarrus County. In addition,
she will interface between the Board of Directors, the organization,
and the community. Commenting on her new role, Ms. Horton
said, “I am thrilled to be back in a community banking
environment with an organization dedicated to the success
of Cabarrus County residents and businesses. I am looking
forward to devoting my time and energy exclusively to the
financial and civic needs of hometown friends and neighbors.”
President of Cabarrus Bank & Trust,
Sanjay Mistry, said, “Pat is one of the most respected
and talented bankers in the Carolinas. Her solution-oriented
style and in-depth knowledge of the local market make her
a perfect fit for the hometown bank.”
Ms. Horton’s banking career with First
Charter spanned three decades. She served most recently as
Retail Bank Manager and as Senior Market Financial Consultant.
She attended Central Cabarrus High School and Central Piedmont
Community College. Additionally, she completed a four-year
Advanced Management Program from the North Carolina School
of Banking in Chapel Hill. She is past President of Financial
Women International and was voted Woman of the Year by that
organization. She currently serves on the Board of Directors
of the YMCA and is active in several local civic and charitable
organizations including Southwest Cabarrus Rotary Club, NorthEast
Medical Center Foundation, Cabarrus Arts Council, and Cabarrus
Regional Chamber of Commerce. She is a member of the Harrisburg
United Methodist Church and past Trustee. Ms. Horton has
two children and three grandchildren. She and her husband,
Joe, President of Piedmont Asphalt Paving Company, reside
in Harrisburg.
By working together, we can continue to
enhance the well being of the counties we serve and make
a difference in our community.
Cabarrus Bank & Trust operates full
service banking offices in Concord and Mt. Pleasant. Uwharrie
Capital Corp, the parent company, is a multi-bank
holding company located in Albemarle, NC. The corporation
offers a full range of financial solutions through its financial
services companies including Cabarrus Bank & Trust, Anson
Bank & Trust, Bank of Stanly, Strategic
Investment Group and Strategic
Investment Advisors.
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