Independent Banker - January 2021 - 64

CONNECTIONS COMMUNITY SPIRIT
Uwharrie Bank
connects with many
nonprofits in its
communities, such as
the Assistance League
of Charlotte.
Uwharrie Bank and the
power of connection
Realizing that many residents of the greater Charlotte, N.C., area face
barriers to housing and financial prosperity, Uwharrie Bank is connecting
with local organizations in a mission to uplift others. By William Atkinson
or many years, Uwharrie Bank
in Albemarle, N.C., has focused
on lifting up residents in Albemarle
and in nearby rural communities by
offering financial literacy, capital,
mortgage and wealth management,
and other resources. This mission
has followed the $792 million-asset
community bank wherever it goes.
F
In 2015, Uwharrie Bank added
a mortgage division in Charlotte,
N.C., approximately 40 miles west of
Albemarle. Then, in 2018, it opened
a full-service branch in Charlotte.
" The bank was new to this market
and wanted to share its mission and
purpose [the way it had in other
counties], " says David Beaver, chief
64 Q ICBA Independent Banker Q January 2021
financial officer. " This led us to focus
our efforts there on affordable housing
for low-income residents and upward
mobility, two key areas of focus for the
Charlotte metro community. "
Connecting with the right people
has been key to supporting affordable
housing and, more generally, upward
mobility in the Charlotte area.
The first thing Uwharrie Bank did
was build a relationship with the Lee
Institute, a Charlotte-based nonprofit
that offers a number of communitybuilding
programs for executives,
leaders and other nonprofit groups.
" Several of our board members,
as well as our CEO, Roger Dick,
and myself have gone through [its
leadership] program, " Beaver says.
" As a result, we already knew the
people there. I also knew that they

Independent Banker - January 2021

Table of Contents for the Digital Edition of Independent Banker - January 2021

Table of Contents
Independent Banker - January 2021 - Intro
Independent Banker - January 2021 - Cover1
Independent Banker - January 2021 - Cover2
Independent Banker - January 2021 - Table of Contents
Independent Banker - January 2021 - 2
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Independent Banker - January 2021 - Cover3
Independent Banker - January 2021 - Cover4
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