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BANK OF GRANITE, (GRAN) Stock Research Free Stock Rating
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Bank of Granite Corporation operates as the holding company for Bank of Granite and Granite Mortgage, Inc. The Banks principal banking activities include the taking of demand and time deposits, as well as the making of secured and unsecured loans, to individuals, associations, partnerships, and corporations. As of December 31, 2003, it conducted these operations from 19 full-service offices and 1 loan-production office located in Caldwell, Catawba, Burke, Watauga, Wilkes, and Mecklenburg counties in North Carolina. Granite Mortgages principal mortgage banking activities include the origination and underwriting of mortgage loans to individuals. It also sells mortgage servicing rights and appraisal services. Granite Mortgage specializes in government guaranteed mortgage products. As of the same date, it conducted these operations from 11 offices in the central and southern Piedmont and Catawba Valley regions of North Carolina, as well as in Hilton Head Island, South Carolina. The company was organized in 1987 and is based in Granite Falls, North Carolina.
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