NASDAQ, GRAN - Bank Of Granite Corp.
Bank of Granite Corporation (the ?Company?) is a Delaware corporation that was
organized June 1, 1987 as a bank holding company. The Company?s only businesses
are the ownership and operation of Bank of Granite (the ?Bank?), a state bank
chartered under the laws of North Carolina on August 2, 1906, and Granite
Mortgage, Inc. (?Granite Mortgage?), a mortgage bank chartered under the laws of
North Carolina on June 24, 1985.
We conduct our business through three reportable business segments: Community
Banking, Mortgage Banking and Other. The Community Banking segment offers a
variety of loan and deposit products and other financial services. The Mortgage
Banking segment originates, retains and sells mortgage loans. The Other segment
includes activities at the holding company level such as corporate and
stockholder relations and funding from the issuance of commercial paper and
trust preferred securities. ...
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