New Bank to Open In Durham: News & Observer, 8/5
Square 1 Bank will open its U.S. headquarters in Durham on Monday and launch five smaller offices in major U.S. cities. The company, founded this year by banking and venture capital executives, will specialize in loans and other banking services to young technology firms. The company expects to have 100 employees by the end of next year at offices in Durham; Boston; Seattle; San Diego; Austin, Texas, and Palo Alto, Calif. Those six markets cover 98 percent of the nation's venture financing market, said Richard Casey, Square 1's co-founder and CEO.
http://www.newsobserver.com/business/story/2692797p-9129494c.html
http://www.newsobserver.com/business/story/2692797p-9129494c.html
Oxford Based Bank Could Open By Spring: News & Observer, 8/5
With residential growth booming, a group of Granville County investors plans to charter a new bank based in Oxford. Bank organizers, operating under the name Union Bank & Trust, will seek approval from state and federal regulators in November and plan to open for business by spring. "One of the things we're looking at is the dynamic growth that Granville County is poised to see in the southern part of the county and in Oxford," said Thomas Combs, a former executive with BB&T in Oxford who will be the bank's president and chief executive.
http://www.newsobserver.com/business/story/2692798p-9129598c.html
Telecommunication
CT Communications Adds More Speed For Broadband Users, 8/5
http://www.newsobserver.com/business/story/2692798p-9129598c.html
Telecommunication
CT Communications Adds More Speed For Broadband Users, 8/5
CT Communications is increasing the download speeds of its broadband service known as e-Sonic.
CTC, which is based in Concord, says e-Sonic now offers speeds up to 5 Mbps, up from 3 Mbps.
Business and residential customers are getting the upgrade at no additional costs, the company said. Broadband services start at $24.95 a month. The 5Mbps package starts at $29.99 for the first six months.
http://localtechwire.com/article.cfm?u=11988
Broadband without Wires: LTW, 8/5
CTC, which is based in Concord, says e-Sonic now offers speeds up to 5 Mbps, up from 3 Mbps.
Business and residential customers are getting the upgrade at no additional costs, the company said. Broadband services start at $24.95 a month. The 5Mbps package starts at $29.99 for the first six months.
http://localtechwire.com/article.cfm?u=11988
Broadband without Wires: LTW, 8/5
BellSouth’s wireless broadband offering is now available in Athens, GA.
The regional Bell operating company said Thursday that the FastAccess Internet Service has been available for users for more than a week.
BellSouth transmits its network signal from local radio towers. Users have desktop modems, which BellSouth provides, that do not require line-of-sight access to the towers.
In its promotional material, BellSouth promises download speeds up to 1.5 Mbps and upload speeds up to 384 Kbps.
http://localtechwire.com/article.cfm?u=11985
The regional Bell operating company said Thursday that the FastAccess Internet Service has been available for users for more than a week.
BellSouth transmits its network signal from local radio towers. Users have desktop modems, which BellSouth provides, that do not require line-of-sight access to the towers.
In its promotional material, BellSouth promises download speeds up to 1.5 Mbps and upload speeds up to 384 Kbps.
http://localtechwire.com/article.cfm?u=11985