News

Retirement planning

• • Protect your 401(k) money throughout your retirement
  • Estate planning for IRAs
  • The “NUA” alternative

Trust planning

• • Reports to trust beneficiaries

FUQUAY-VARINA, North Carolina (May 10, 2022) – Fidelity Bank is pleased to announce Ty Hoeksema has joined Trust Company of North Carolina as an Assistant Vice President and Investment Analyst. In his new position, Mr. Hoeksema is responsible for assisting Trust operations, performing daily investment duties, and servicing requests for assigned accounts. His office is located at the Fidelity Bank branch in Cary on 100 West Chatham Street.

Ty has over four years of previous financial experience. Prior to joining Trust Company of North Carolina, he worked for Merrill Lynch in the Wealth Management division.

Mr. Hoeksema graduated from Wheaton College, with a Bachelor of Arts, in Business Economics.

“I am excited to join Fidelity Bank and the Trust Company of North Carolina as I am joining a company with a great reputation where I can grow while serving this community,” said Hoeksema.

Fidelity Bank is a full-service financial institution with assets of approximately $3.7 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 56 branches throughout North Carolina, South Carolina, and Virginia.

FUQUAY-VARINA, North Carolina (April 19, 2022) – Fidelity Bank is pleased to announce James Wilson has joined its Trust Company of North Carolina team as Wealth Administration Specialist. In his new position, Mr. Wilson is responsible for daily customer service administrative duties and providing customer support for account administration. His office is located at the Trust Company of North Carolina headquarters in Cary, North Carolina on 100 West Chatham Street.

James has four years of experience in financial planning. Prior to joining Fidelity Bank, he worked for Wells Fargo as a Fiduciary Administrator of IRAs. Mr. Wilson graduated from Campbell University with a Bachelor of Business Administration degree in Trust and Wealth Management and a minor in Financial Planning. He currently resides in Lillington.

Fidelity Bank is a full-service financial institution with assets of approximately $3.7 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 56 branches throughout North Carolina, South Carolina, and Virginia.

Trust planning

• • Is a team approach better than having one trustee?
  • Auditioning for parts in wealth management
  • Trusts, taxes, and distributions

Philanthropy

• • Charitable giving overview

In this issue:

Market Brief: Page 2
Economy: Page 4
Equity: Page 5
Fixed Income: Page 6
Alternatives: Page 7

FUQUAY-VARINA, North Carolina (October 18, 2021) – Fidelity Bank is pleased to announce Samanthia Smith has joined Trust Company of North Carolina as a Senior Vice President and Wealth Management Development Officer. In her new position, Ms. Smith is responsible for developing customized and comprehensive financial plans for clients and their families, as well as managing existing relationships throughout the Bank’s footprint. Her office is located at the Fidelity Bank branch in Southern Pines on 985 Old US Highway 1.

Samanthia has twenty-five years of financial experience. Prior to joining Trust Company of North Carolina, she worked for BB&T as an Investment Counselor and Wealth Advisor. In addition to her financial background, Samanthia is active in the community. She is currently the Treasurer of AOS & Friends Care, a nonprofit dedicated to serving direct care needs and supporting programs and events for those affected by dementia.

Ms. Smith graduated from Campbell University, with a Bachelor of Arts in Mass Communications with a concentration in Public Relations.

“I am excited to join Fidelity Bank & Trust Company of North Carolina because it is a local bank that is invested in the communities that it serves. The bank has a hometown feel but offers all of the financial resources of the Big Banks,” said Smith.

Fidelity Bank is a full-service financial institution with assets of approximately $3.4 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 58 branches throughout North Carolina, Virginia, and South Carolina.

FUQUAY-VARINA, North Carolina (August 5, 2021) – Fidelity Bank is pleased to announce Jason York has joined Trust Company of North Carolina as a Senior Vice President and Wealth Management Development Officer. In his new position, Mr. York is responsible for developing customized and comprehensive financial plans for clients and their families, as well as, manage existing relationships throughout the Bank’s footprint. His office is located at the Trust Company of North Carolina headquarters in Cary on 100 West Chatham Street.

Jason has nineteen years of financial experience, with sixteen in the Triangle. Prior to joining Trust Company of North Carolina, he worked for BB&T as a Senior Vice President and Wealth Advisor. He also held commercial and business banking positions at BB&T. In addition to his financial background, Jason is active in the community. He is currently on the Salvation Army of Wake County Advisory Board. He also served on the Sacred Heart Cathedral Finance Council and Board of Directors for Friends of the NC Museum of Natural Sciences.

Mr. York graduated with honors from the University of North Carolina at Chapel Hill with a Bachelor of Arts in Economics. He also received his Master of Business Administration from William and Mary. Jason served in the U.S. Air Force as a Contracting Officer and was honorably discharged at the rank of Captain.  He currently resides in Cary with his wife, Marjorie, and has two children.

Fidelity Bank is a full-service financial institution with assets of approximately $3.2 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 56 branches throughout North Carolina and Virginia; and was awarded a 5-star (superior) rating by BauerFinancial.

FUQUAY-VARINA, North Carolina (May 10, 2019) – Fidelity Bank is pleased to announce Larry Allen has joined its Trust Company of North Carolina team as Senior Vice President and Senior Investment Strategist. In his new position, Mr. Allen will manage the investment functions for Trust Company of North Carolina and serve as the individual portfolio manager for customer relationships. His office is located at the Trust Company of North Carolina headquarters in Cary on 100 West Chatham Street.

Larry has over 25 years of experience in the investment industry. Prior to joining Trust Company of North Carolina, he worked as a Senior Investment Advisor at PNC Wealth Management. Mr. Allen graduated from Campbell University with a Bachelor’s of Business Administration in Trust and Investment Management, a Master’s Degree in Finance, and holds a Certified Financial Planner (CFP) designation. He currently resides in Raleigh.

Trust Company of North Carolina, Fidelity Bank’s trust and wealth management division, was established in February 2015. They have five associates and serve the entire Fidelity Bank Footprint.

Fidelity Bank is a full-service financial institution with assets of approximately $1.9 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 56 branches throughout North Carolina and Virginia; and was awarded a 5-star (superior) rating by BauerFinancial. For more information, please visit www.fidelitybanknc.com.

FUQUAY-VARINA, North Carolina (March 27, 2019) – Fidelity Bank is pleased to announce Tim Britt has joined its Trust Company of North Carolina team as Executive Vice President and Chief Wealth Management Officer. In his new position, Mr. Britt is responsible for overseeing the daily responsibilities of Trust Company of North Carolina and the brokerage services offered throughout the Bank’s footprint. His office is located at the Trust Company of North Carolina headquarters in Cary on 100 West Chatham Street

Tim has 25 years of experience in investment management, tax, estate and financial planning as well as administration of various types of employee benefit plans. Prior to joining Trust Company of North Carolina, he worked as a Senior Vice President and Chief Wealth Management Officer for KS Bank Inc. He has also held wealth management positions where he managed a $500 million wealth management division that had $235 million in trust assets. 

Tim graduated from Campbell University with a Trust and Investment Management degree with a minor in Financial Planning, and a Master’s in Business Administration. He is also a graduate of the ABA Stonier Graduate School of Banking at the University of Pennsylvania and completed the Wharton Executive Leadership Certification from Wharton School of Business at the University of Pennsylvania. He currently holds an Accredited Investment Fiduciary Analyst designation.  

 He currently resides in Asheboro with his wife, Kim, and has three children.

Fidelity Bank is a full-service financial institution with assets of approximately $1.9 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 56 branches throughout North Carolina and Virginia; and was awarded a 5-star (superior) rating by BauerFinancial. For more information, please visit www.fidelitybanknc.com.