Banks of all sizes are critical to supporting economic growth, North Carolina Gov. Josh Stein said today in welcome remarks at the American Bankers Association Annual Convention in Charlotte. Reciting the history of bank mergers and growth that led to companies like Bank of America, Truist and First Citizens Bank being headquartered in the Tar Heel State, Stein said that “North Carolinians are proud of our banks, large and small.”
“Our state’s success in banking serves as the foundation for our success in other sectors — technology, life sciences, advanced manufacturing and agriculture,” he added. “Strong banks are integral to strong communities. Our success is intertwined with yours.”
Stein outlined his policy priorities on workforce development and housing. He praised banks’ investments in apprenticeship programs. He also noted that demand for housing in North Carolina was outpacing supply due to in-migration. “We must increase the supply of homes of all types to meet that demand, and we need banks to help finance those homes,” he said.
