UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b)Director Retirement.
On January 19, 2017, Mr. Dusty West notified the Registrants
Board of Directors (the Board) that he will not stand for
re-election as a director at the Registrants 2017 annual meeting
of shareholders.Mr. West confirmed that his decision was not the
result of any disagreement or dispute with the Registrant.
(e)Bank Owned Life Insurance Policy.
Effective January 20, 2017, the Registrant elected to add Brendan
P. Duffey, who is the Registrants Chief Operating Officer, as a
participant under the Registrants Bank Owned Life Insurance Plan
(the Plan). Under the Plan, the Registrant is providing $1.0
million of coverage for 2017, 2018, and 2019 and then $50
thousand of coverage thereafter for life per a split dollar
benefit agreement.
About UWHARRIE CAPITAL CORP (OTCMKTS:UWHR)
Uwharrie Capital Corp is a bank holding company for Uwharrie Bank (the Bank), a North Carolina commercial bank. The Bank engages in retail and commercial banking, with over six banking offices in Stanly County, North Carolina. It provides a range of banking services, including deposit accounts, commercial, consumer, home equity and residential mortgage loans, safe deposit boxes and electronic banking services. It 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. Its 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. The Bank also offers Internet banking, e-banking, mobile banking and telephone banking, and issues Visa Check Cards. UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) Recent Trading Information
UWHARRIE CAPITAL CORP (OTCMKTS:UWHR) closed its last trading session 00.00 at 5.36 with 1,010 shares trading hands.
