Business briefs

Jan. 30, 2013 @ 06:33 PM

M&F’s CEO named to FDIC advisory committee

DURHAM – Kim Saunders, president and CEO of Durham-based Mechanics & Farmers Bank, was named to the Federal Deposit Insurance Corp.’s advisory committee on community banking.

The committee has been providing advice and recommendations to the FDIC on bank policy and regulatory matters since it was established in 2009, according to an FDIC news release. Committee members represent a cross-section of community bankers from around the country. 

“We are fortunate to have such talented and dedicated community bank leaders join our Advisory Committee, which has been a valuable resource for the FDIC over the last few years,” said FDIC Chairman Martin Gruenberg in a statement in a news release. “The Advisory Committee has proven to be a key source of information and input for the FDIC on the many significant issues facing community banks," Gruenberg said.

For more information, got to the website

Duke Energy names new NC state president

CHARLOTTE – Duke Energy has named a new North Carolina president.

Paul R. Newton is taking on the role of state president from Brett Carter, who has been president of Duke Energy North Carolina since 2008.

Newton is senior vice president and special advisor to Duke Energy Chairman, President and CEO Jim Rogers.

Carter has been named chief distribution officer and senior vice president for the company’s utility operations in six states.

In the new role, Carter will have responsibility for the company’s distribution systems and operations in the Carolinas, Florida, Indiana, Ohio and Kentucky.

As state president for North Carolina, Newton will be responsible for advancing the company's rate and regulatory initiatives and managing state and local regulatory and governmental relations, economic development and community affairs, as well as water strategy and services.

The company’s two utilities in North Carolina, Duke Energy Carolinas and Progress Energy Carolinas, serve more than 3.2 million North Carolina households and businesses, according to a news release.

Newton will be located in Raleigh and will report to Lloyd Yates, executive vice president-regulated utilities.