Uwharrie Capital Corp (UWHR)

Uwharrie Capital Corp. was organized on July 1, 1993 to become the bank holding company for the Bank of Stanly ('Stanly'), a North Carolina commercial bank chartered on September 28, 1983 and its three wholly-owned subsidiaries, The Strategic Alliance Corporation ('Strategic Alliance'), BOS Agency, Inc. ('BOS Agency') and Gateway Mortgage, Inc. ('Gateway'), a mortgage brokerage company acquired in August 2000. The Company also owns two non-bank subsidiaries, Strategic Investment Advisors, Inc. formed in 1999 and Uwharrie Mortgage, Inc. formed in 2004. The Company is community oriented, emphasizing the well-being of the people in its region above financial gain in directing its corporate decisions. Stanly is a North Carolina chartered commercial bank, Its operations are mainly retail oriented and directed to individuals and small to medium-sized businesses located in its market area, and its deposits and loans are derived mainly from customers in its geographical market. Stanly provides traditional commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and related business and individual banking services. Stanly's lending activities include commercial loans and various consumer-type loans to individuals, including installment loans, mortgage loans, equity lines of credit and overdraft checking credit. Stanly also offers internet banking, 24-hour telephone banking, and issues Visa(r) check cards, an electronic banking card, which functions as a point-of-sale card and allows its customers to access its deposit accounts at four branches of Stanly and at most automated teller machines of other banks linked to the STAR(r) or CIRRUS(r) networks. Stanly is licensed to offer MasterCard(r) credit cards. Stanly has three wholly-owned subsidiaries, BOS Agency, Strategic Alliance and Gateway. The Company encounters competition from a number of sources, including other bank holding companies, commercial banks, thrift and savings and loan institutions, credit unions, and other financial institutions and financial intermediaries. The Company is subject to examination, regulation and periodic reporting under the Bank Holding Company Act of 1956, as amended, (the 'BHC Act'), as administered by the Federal Reserve Board.