Industries

For the Record - Southern Virginia, February 2011

  •  | 
Print this page

American National Bankshares, a Danville-based bank holding company, has expanded in North Carolina with a $38.8 million deal taking over Burlington-based bank MidCarolina Financial. The transaction adds eight branches for American National in Alamance and Guilford counties in North Carolina. Upon completion of the merger, American National will have approximately $1.4 billion in assets. (Danville Register & Bee)

Danville ranked third in a national survey by e.Republic’s Center for Digital Government and Digital Communities, for how it uses technology. Danville was behind Castle Rock, Colo., and Lynchburg in the category of cities with populations of 30,000-74,000. (Danville Register & Bee)

Danville City Council has denied all applications for six special use permits to operate Internet cafes — also called sweepstakes cafes due to their heavy emphasis on playing sweepstakes on the Internet. Internet cafes have been a hot topic recently, especially since North Carolina banned them effective Dec. 1. The sudden flood of applications to open locations in Danville began as an apparent result of that ban. (Danville Register & Bee)

Shorewood Packaging of Danville eliminated 17 hourly positions in a move to adjust to customer demand. The company has gone through a number of furloughs and layoffs over the past two years.  (Danville Register & Bee)

Solution Matrix Inc., a producer of cold-therapy products for orthopedic customers in the health-care industry, will move its headquarters and manufacturing operation from Pittsylvania to Franklin County. The $2.2 million investment will create 80 jobs within three years. (News release)

Southern Finishing Co., a manufacturer of pre-finished cabinet parts, will consolidate its eastern U.S. operations at its Martinsville facility. The $1.7 million investment will save 137 local jobs and create 67 more over the next three years. (The Roanoke Times)

Stanley Furniture Co. has sold its Henry County facilities to generate cash, but it is leasing back some of those facilities to keep its headquarters and some finishing and warehouse operations here. According to a filing with the federal Securities and Exchange Commission , Stanley raised $2.4 million from the sale of the Stanleytown properties. (Martinsville Bulletin)


Reader Comments

comments powered by Disqus


showhide shortcuts