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Harris Funeral Home Locally Owned & Operated Since 1947

Kings Mountain Herald

A Family Tradition of Dignity, Service & Understanding 108 S. Piedmont Ave. Kings Mountain, NC

739-2591

Volume 124 • Issue 16 • Wednesday, April 18, 2012 • 75¢

kmherald.net

INSIDE

SPORTS, 1C Lady Mountaineers 0-3 in Cherryville Tournament

KM Hospital gets ready for new CMH beds, 3A

Banking on a better tomorrow EMILY WEAVER Editor

“It was the best of times. It was the worst of times,” as Charles Dickens once wrote. In the first years of the new millennium, dreams were coming true. Families were buying homes. People were starting new businesses. And the banks were encouraged to lend. But then something happened. In an otherwise seemingly robust economy’s darkest hour, which stretched into a year or three, risky dreams defaulted on

the national market. The growing housing bubble burst. Bread-earners lost their jobs and with it the only way to pay the credit they’d spent. And the banks were there, hurting with them. Shelby’s First National Bank had been there before. They survived the Great Depression and they’re determined to survive the Great Recession. And just like the small businesses that brought us through before, the community banks that funded them are helping us weather the economic storm - banking

Working with regulators to strengthen these banks does not affect their customers, their accounts or the status of their loans. Each account is federally insured up to $250,000. on a better tomorrow - with the help of regulators. Like First National and Mountain 1st Bank & Trust of Hendersonville, Alliance Bank & Trust is working with federal regulators to up its earnings and recoup money lost from defaulted real estate loans. Alliance CEO Dan

Ayscue believes an agreement signed in February with the Federal Deposit Insurance Corp. will not only help them grow stronger, but thrive with profits that were already showing up on the books in January. “The consent order provides a framework that should ultimately improve

‘NOT IN OUR CITY’

Friday 13th not so lucky for alleged crook Fast work by Kings Mountain Police and quick thinking by Ward 2 City Councilman Mike Butler resulted Friday, April 13, in the arrest of Paul Loftin, 44, of 805-A Airline Ave., Gastonia on two counts of larceny and two counts possession of stolen goods. Loftin is accused of swiping $75 worth of merchandise from Advanced Auto Parts, 512 E. King Street, on Thursday. Friday, police say he stole about $200 worth of merchandise at Bridges True Value Hardware, 100 S. Cansler Street. But Friday the 13th proved unlucky for Loftin, when he saw a "We Buy" See FRIDAY 13TH, 7A

Ptl. G. L. McKinney, right, escorts Gastonia resident Paul Loftin to the county jail Friday afternoon after police booked Loftin on charges of larceny and possession of stolen goods.

Teams get ready for BBQ Cook-off

our bank’s operations and performance. In that respect we view the order as positive,” Ayscue wrote in a letter to customers and displayed on the bank’s website. First National President and CEO Helen Jeffords agrees and sees the opportunity as a chance to grow

even stronger. She said First National remains a strong bank, boasting capital ratios far above those the FDIC recommends. Banners at First National branches advertise the bank’s Borrower’s Choice Mortgage, and Jeffords said, the bank is still making loans. “We want to get the message out that we are lending,” she said. “We have the liquidity to build our loan portfolio.” First National signed an agreement with the Office of See BANKS, 7A

Newt Gingrich coming to KM Presidential candidate Newt Gingrich is set to visit Kings Mountain on Wednesday, April 25, on a tour of North Carolina counties, according to the state's GOP Vice Chairman Wayne King, who helped organize the special visit. Plans are for Gingrich to speak at an 11:30 a.m. lunch at 238 Cherokee Street Tavern, an event open to the public. "The reason why I'm bringing Speaker Gingrich to Cleveland County is because of the high unemployment we've had and the local economy here," King said. "Gingrich wanted to come to western North Carolina, which has been hard hit by the economy. I thought of several local businesses for him to visit, but decided on Cherokee Street Tavern." The restaurant's owner Robert Bolin "puts 45 people to work every day in his businesses in and around Cleveland County," King continued. "I wanted to showcase his business because of his commitment to putting people to work every day." In addition to the restaurant, Bolin owns and operates Texsource, the Printin' Press and KM Signs. "I am excited to have the former Speaker of the House and presidential candidate coming to Kings Mountain. It's good that he is visiting and is concerned with small town businesses because they are the backbone of America," Bolin said. King encourages people to attend the special dutch-treat lunch. Bolin adds that reservations must be made before the event by calling 238 Cherokee Street Tavern at 704-739-1292. "The state party and myself are not endorsing this candidate," King added, but "it's the job of the party to showcase candidates." Other events may be announced at a later date. Gingrich plans to visit counties in a western NC tour to meet constituents before the May 8 primary. He shined in the South Carolina primary, finishing well ahead the pack of Republicans seeking the party's pick for presidential candidate.

KYRA A. TURNER kyra.kmherald@gmail.com

Grills are heating up and 41 teams, about 15 local, as of Thursday, are getting ready to go as this year's 16th Annual Firehouse BBQ Cook-Off gets underway. The Cook-Off will begin Friday, April 20, at 5 p.m. at the walking track by the Kings Mountain YMCA, on Cleveland Ave., and will conclude with an awards ceremony at 2 p.m. on Saturday, April 21. Four different vendors, including the White Plain Shrine Club, are set to be at the two-day event selling BBQ, BBQ Ribs, BBQ sandwiches, funnel cakes, roasted corn and more. Kings Mountain's own fire department has spent weeks preparing for this State Championship event that promises to be great again. Along with being sponsored again by the Kansas City Barbecue Society, North Carolina Governor Bev Perdue has proclaimed this year's event to be the North Carolina Firehouse Barbecue State Championship. Competitors are getting fired up that this year's winner receives an invitation to the American Royal Barbecue Contest and will be eligible for the Jack Daniels Invitational Contest. See COOK-OFF, 7A

CONTRIBUTED PHOTO

Vice Chairman of the state’s Republican Party Wayne King, left, stands with presidential candidate Newt Gingrich.

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