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  September 5, 2001
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Home > Company Index > Banking > Banking - Southeast > Bank of Granite Corporation

Bank of Granite Corporation
Nasdaq: GRAN
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 PROFILE
Bank of Granite is the holding company for a community bank of the same name, which has served Burke, Caldwell, and Catawba counties in western North Carolina since 1906. The full-service bank, which has more than a dozen offices, offers checking, savings, NOW, and money market accounts; credit and debit cards; and bank-by-mail services. The bank holding company also owns GLL & Associates, a mortgage bank with about half a dozen North Carolina offices specializing in government-guaranteed mortgages (first-time buyers, FHA, VA loans). Mortgage loans make up almost 60% of the company's portfolio, while business loans account for 35%; construction and consumer loans are also available.

 COMPETITION
First Citizens BancShares, Inc. (FCNCA)
Peoples Bancorp of North Carolina, Inc. (PEBK)
RBC Centura Banks, Inc. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 63.30
1-Yr. Sales Growth: 12.6%
Employees: 230
Revenue per employee: $275,217.39

 KEY PEOPLE
• John A. Forlines
    CEO
• Kirby Tyndall
    CFO

 CONTACT INFO
23 N. Main St.
Granite Falls, NC 28630
US
Phone: 828-496-2027
Fax: 828-496-2077
Online: Web Site

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