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Features Business & Finance

Jeff Cloer of the Wayah Insurance Group has been awarded a professional degree in the field of long-term care, Certified in Long- Term Care (CLTC). The program is independent of the insurance industry and focuses on providing insurance professionals the tools they need to meet their client’s long-term care needs.

“Our agency is very sensitive to the needs of our community” Cloer said. “Many of our clients have experienced the devastating effects chronic illness has on their families.”


The Board of Directors of Macon Bancorp has unanimously adopted a plan to convert the company to stock ownership by offering shares of common stock to eligible depositors, as of Dec. 31, 2009, of Macon Bank, its subsidiary; to other depositors opening accounts after Dec. 31, 2009; to the bank’s borrowers; to residents of the communities the bank serves; and to the general public. The eligible depositors, other depositors and borrowers of the bank will have subscription rights (in that order of priority) superior to non-customer residents of the bank’s communities and the general public. It is currently anticipated that Macon Bancorp’s offering of stock will commence in April, 2011.


Macon County among exceptions

According to a yearly ranking report released by the North Carolina Department of Commerce at the end of 2010, the economy of Macon County is not as distressed as other Western North Carolina counties which have been adversely impacted by the recession in recent years.

The annual NCDC report ranks all 100 counties in the state for economic well-being and assigns each county a tier designation. The most economically distressed counties are designated as Tier 1, followed by Tier 2 and then the least distressed as Tier 3. Factors taken into account per county are average unemployment rates, statutes, percentage growth in populations, median household incomes and adjusted assessed property values per capita.


...even as personal income grows

North Carolina’s unemployment rate ticked up a bit in November as the state lost 12,500 jobs, according to numbers released Friday, Dec. 17, by the state Employment Security Commission.

But according to other numbers, personal income in North Carolina has still grown more than in any state in the Southeast — and more than in all but three other states — since the lowest point of the recession.


Page 73 of 75


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