The Fabric of Our Community
James E. Nance (Vice Chairman of Uwharrie
Capital Corp Board Of Directors)
and
father James R. Nance of Confederate Motors in Albemarle, NC.
Both dealers have been and integral part of their community.
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SOURCE: North Carolina Magazine
DATE: December 2006
BY: Lynne Marie Barbour
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December 2006 - The North Carolina new car
and truck industry employs more than 33,000 salespersons,
technicians, accountants, finance professionals and specialists
across the state. According to the National Automobile Dealers
Association, the industry accounts for 23% of total retail
sales per year in North Carolina. NC new car and truck dealers
generate hundreds of millions of dollars of tax revenue for
state and local governments through sales tax, corporate
tax and payroll tax revenue. The industry, built on the entrepreneurial
values of small-town businessmen and women, has become a
cornerstone of the state’s economy.
Yet, the industry did not become an economic
cornerstone overnight. According to a survey conducted by
NCADA, over 75% of North Carolina dealerships are family
owned and many have been passed from one generation to another.
Several dealerships in the State are already being run by
the family’s third generation. The industry remains
on of the largest family owned in America, and community
involvement has become an integral part of its success and
longevity.
James E. Nance of Confederate Motors Inc. in Albemarle is
a third generation Chevrolet dealer and has been in the automotive
business for 33 years. Nance, along with his wife Helen spend
most of their time actively involved in the community. They
helped start the Gray Stone Day School, a charter high school
on the Pfeiffer University campus, which has ranked in the
top 4 high schools in NC for the past 3 years. Nance is also
a member of the Board of Directors for both Stanly Community
College and Pfeiffer University.
(left to right) James E. Nance of Confederate Motors, Stanly Community
College President Michael Taylor, and James R. Nance, of Confederate
Motors in Albemarle, NC.
| The complete article
can be found in the North Carolina magazine |
By working together, we can continue to enhance
the well being of the counties we serve and make a difference
in our community.
Uwharrie
Capital Corp is a $411 million multi-bank holding company located in Albemarle, NC. The
corporation offers a full range of financial solutions
through its financial services subsidiary companies including Anson
Bank & Trust, Bank
of Stanly, Cabarrus
Bank & Trust, Strategic
Investment Group and Strategic
Investment Advisors.
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Mitch Miller Joins Uwharrie
Capital Corp
Tuesday, September
12th 2006 - Albemarle, NC - Roger Dick,
President and Chief Executive Officer of
Uwharrie Capital Corp, is pleased to announce
that Mitch Miller joined the company as
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