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Ticker:GRAN
Company Name: Bank of Granite Corporation

Business Overview from 10-K filing for Bank of Granite Corporation:

Bank of Granite Corporation (the “Company”) is a Delaware corporation that was organized June 1, 1987 as a bank holding company. The Company currently engages in no operations other than ownership and operation of Bank of Granite (the “Bank”), a state bank chartered under the laws of North Carolina on August 2, 1906 and Granite Mortgage, Inc. (“Granite Mortgage”), a mortgage bank chartered under the laws of North Carolina on June 24, 1985. Granite Mortgage was acquired by the Company on November 5, 1997. On July 15, 2003, the Company acquired First Commerce Corporation and its wholly owned subsidiary, First Commerce Bank (referred to herein collectively as “First Commerce”), and merged First Commerce Bank into the Bank on July 24, 2003. First Commerce Bank operated three banking offices in the Charlotte metropolitan area.     

View the full GRAN chart at Wikinvest

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