The Greenville Eastern North Carolina Alliance is focused on bringing new investment and good jobs to the Greenville/Pitt County community.

ENC Alliance Focused on Economic Growth in Greenville and Pitt County

Founded in 2019, the Greenville Eastern North Carolina Alliance works to strengthen economic progress by bringing new capital investment and new good-paying jobs to the Greenville/Pitt County community.

The ENC Alliance engages with both the public and private sectors to market Pitt County to domestic and international markets to attract new industry while at the same time retaining and expanding existing industry.

The Greenville ENC Alliance works closely with city and county agencies to promote Greenville as a great place to do business.

The Greenville ENC Alliance is a public-private partnership created to provide a comprehensive and collaborative approach to business recruitment, retention, and expansion in Greenville and Pitt County communities. Program initiatives aim to:

  • recruit new business
  • expand and retain existing industries
  • develop sites and business parks
  • develop the workforce
  • strengthen legislative relations and business advocacy efforts, and
  • encourage small business growth

The 2021-22 fiscal year saw remarkable growth and achievement for the ENC Alliance with strong economic development in the Greenville and Pitt County area. The Alliance staff worked 31 active projects to develop, attract and retain business activity, and successfully closed eight projects resulting in more than $172 million in new capital investment.

Greg Steele, TowneBank of Greenville president, served as interim chair of the ENC Alliance and continues to serve on the board. "The Greenville ENC Alliance has made excellent headway since its inception just three years ago," Greg says. "The economic development success achieved during this timeframe is admirable and gives the organization positive momentum going forward. We have a great staff and an outstanding board."

The Tar River runs through Greenville and is an important part of the region's identity.

Josh Lewis is the new president. He comes to the ENC Alliance with years of experience in economic, business, and workforce development. "Under Josh's leadership, we look forward to continuing the mission of the Alliance and achieving even more success in economic growth and prosperity in Pitt County and eastern North Carolina," Greg says. The new board chair, Tom Kulikowski, has previously served as interim president/CEO. "We are excited to have him return to the ENC Alliance. Tom brings decades of experience in industry, manufacturing, economic development, and corporate leadership," Greg adds.

TowneBank is honored to support the Greenville ENC Alliance with a five-year commitment to help promote economic development throughout the region. For more information, visit ENCAlliance.com.

"The Greenville ENC Alliance has made excellent headway since its inception just three years ago. The economic development success achieved during this timeframe is admirable and gives the organization positive momentum going forward. We have a great staff and an outstanding board."
Pair Electronics started in 1969 and Jason Pair is the third generation in his family to run the successful electronics business.

Pair Electronics is All in the Family

Percy Pair founded Pair Electronics in Greenville in 1969 and sold electronic supplies and equipment. As the years went by, Pair Electronics became the first business in the area to offer unique electronic products like home satellite systems, car audio, home audio and video and much more.

Jason Pair is now the third generation to lead the company. He helped his grandfather, father, and uncle with the family business while he was in school. At the same time, he had his own successful lawncare business and was able to sell that for a profit. "My family was heading in a different direction, and I was ready to go into the business," Jason says. "I bought my first van, got the copyright for the name of the company, and essentially started from scratch to rebirth the business. I was ready to move Pair Electronics into the future."

Home theaters and media rooms are at the top of the wish list for many homeowners.

That was 25 years ago and today, Jason is focused on keeping Pair Electronics on the cutting edge of new technology. Pair Electronics has more than 20 employees and a wide variety of services and equipment. In 2020, they moved into a new office in Greenville on North Creek Drive, which gives them closer access to serve customers in a 120-mile radius around the Greenville area. Pair also has a new location in New Bern. "Our business is I-95 to the coast. That's our territory," Jason says.

Pair Electronics offers superior quality products and outstanding service to the homes and businesses of Greenville and Eastern North Carolina. Some of their services and products include:

  • Home Theater — "A well-engineered home theater system can deliver the out-of-this-world immersive experience that people look forward to," Jason says. Pair Electronics designs and then installs the system in the customer's home.
  • Home Automation — A home automation system gives the homeowner complete control over systems including lighting, HVAC, irrigation, sound and multimedia, and even kitchen appliances.
  • Home Security — Pair Electronics has more than 30 years of professional security experience that gives them the ability to assess, design, install, and service home security solutions. They partner with Alarm.com to give customers full remote access and control of their system via their smartphones.
  • Whole House Audio — "You can listen to smooth jazz in your home office while someone else is watching the big game in the living room," Jason says. "Pair Electronics has a solution, whether it's speakers you haven't been using for awhile or wireless speakers you can move wherever you want."
  • Structured Wiring — A structured wiring panel is an organized, centrally located network and structured cable distribution location that gives a homeowner or business easier and more efficient management of the systems in their home or business.
  • Conference Rooms — Pair Electronics provides their commercial customers services like high resolution television, laser projectors, and synced audio for conference rooms.
Pair Electronics headquarters is at 4650 N Creek Drive in Greenville.

Jason works with TowneBank senior vice president Glenn Marsh who is the branch manager for the Greenville office on Charles Boulevard. "TowneBank was there for me when my other large institution was not," Jason says. "They gave me the opportunity to help manage our growth. The people at Towne give you that warm hometown feeling, and Glenn has been great to work with," Jason says.

"Jason has done a great job managing Pair Electronics, a multi-generational family business," Glenn says. "I am delighted that he chose TowneBank for all of his business banking needs."

If you are interested in more information about upgrading your home or business systems, visit PairElectronics.com.

"TowneBank was there for me when my other large institution was not. They gave me the opportunity to help manage our growth. The people at Towne give you that warm hometown feeling, and Glenn has been great to work with."
Anne Cato, mortgage loan officer, is all smiles with a student during the Power Hour homework help program.

Boys & Girls Clubs of the Coastal Plain

Great Futures Start Here

For 50 years, the Boys & Girls Clubs of the Coastal Plain has served as a diverse, inclusive place where kids can be themselves and have fun in a safe environment. From humble beginnings at a single location in Pitt County, the organization now serves over 2,000 youths from age six to 18 through their afterschool and summer programs.

The Boys & Girls Clubs of the Coastal Plain has 17 different locations representing Pitt, Lenoir, Beaufort, Greene, Martin, Carteret, and Craven counties. Each location provides a variety of programs that focus on three priority outcomes: academic success, good character and citizenship, and healthy lifestyles. Through these tenants, the Clubs strive to enable all young people to reach their full potential as productive, caring, and responsible citizens.

Nick Fisher, member service specialist in Greenville, provides guidance — and a few laughs — while volunteering during the Power Hour homework help program.

"We are committed to doing whatever it takes to ensure kids and teens succeed in school, at home, and in life," says Will Chriscoe, chief development officer. "At our Clubs, kids know they can be themselves, discover their passions, make new friends, and have fun every day in a safe place."

The Clubs are committed to ensuring that their members graduate from high school, pursue post-secondary education, and become lifelong learners. To do that, the organization offers programs that help students become proficient in basic educational disciplines. Power Hour, for example, is an interactive homework help and tutoring program that helps students develop healthy study habits and skills that promote overall academic success.

"In the 2021-2022 academic year, Power Hour created 62,549 unique hours of service to assist our students," says Will. "Almost 90% of our teens plan on completing post-secondary education, according to our National Youth Outcome Initiative survey. Programs like Power Hour help make that goal a reality."

Recently, the Towne family in Greenville volunteered with the Boys & Girls Clubs of the Coastal Plain as part of the United Way Day of Caring, an annual event that mobilizes volunteers across the country. Volunteers assisted elementary students during Power Hour at the Boys and Girls Club Jack Minges Unit in Winterville. Glenn Marsh, senior vice president and branch manager, spoke to a group of middle and high school students about the importance of financial literacy. At the Lucille W. Gorham facility on Ward Road, Towne volunteers participated in educational activities with elementary students.

The TowneBank team partnered with the Boys & Girls Clubs of the Coastal Plain as part of Towne's annual Day of Caring efforts.

Additional academic programs include Club Academy, an initiative that promotes proficient reading skills; Career Launch, which helps students assess their skills and interests; and STEM Computer Science training, for example. Through the Torch Club, members can learn about the importance of civic duty and community involvement. The Street Smart program offers lessons in bullying prevention with an emphasis on resiliency training.

"Thanks to the incredible generosity of individuals, businesses, community organizations, and grant partners, Boys & Girls Clubs of the Coastal Plain has a proud history of service to our great communities," says Will. "We continue to welcome new friends who are in search of a bright future."

To learn more about programs offered by the Boys & Girls Clubs of the Coastal Plain or to volunteer, visit BGCCP.com.

"In the 2021-2022 academic year, Power Hour created 62,549 unique hours of service to assist our students. Almost 90% of our teens plan on completing post-secondary education, according to our National Youth Outcome Initiative survey. Programs like Power Hour help make that goal a reality."
The Food Bank of Wilmington's new facility will allow the Food Bank to increase its capacity to support 34 counties across the eastern and central part of North Carolina.

Food Bank of Central and Eastern North Carolina

Nourish People, Build Solutions, and Empower Communities

For over 40 years, the Food Bank of Central and Eastern North Carolina (Food Bank) has provided meals to those in need while building solutions to end hunger. An affiliate member of Feeding America, the organization partners with more than 800 agencies, like soup kitchens and shelters, to serve 34 counties across the eastern and central part of the state.

The Wilmington Branch of the Food Bank serves four counties in southeastern North Carolina: Brunswick, Columbus, New Hanover, and Pender. The largest hunger relief organization in the region, the location is a hub for food distribution, drop-off donations, volunteer groups, and the organization's nutrition education programs.

The TowneBank family in Wilmington helped sort and pack drinks received through the Food Bank's food recovery program.

The Food Bank at Wilmington recently launched the Nourish, Build, Empower campaign to fund a new and expanded facility to serve the evolving needs of community. "We've been in our current space, which is about 12,000 square feet, for over 30 years," says Beth Gaglione, director of the Wilmington branch. "The new space is 30,000 square feet and will greatly increase our capacity and efficiency as we implement new solutions toward breaking the cycle of hunger."

The facility will have significantly more refrigeration and freezer space, allowing the Food Bank to offer nutritious items to help recipients sustain a healthy diet. "Think about going to the grocery store: the foods that are the best for you are in the refrigerated section — like fruits, vegetables, and lean protein," says Beth. "The expanded cooler and freezer space will allow us to offer more nutritionally dense items, like fresh foods and high-quality proteins." The space will also have a commercial kitchen that will support ongoing programming for children and seniors and will have the capability to produce 5,000 hot meals daily in the event of a natural disaster.

In addition, the new Wilmington location will have a market that will offer lower-cost, healthy food in a retail environment. "Some people have the means to purchase food, but live in a food desert," says Beth. "The new marketplace will ensure accessibility to fresh and nutritious options."

Recently, the Towne family in Wilmington gathered at the food bank as part of the United Way Day of Caring, an annual event that mobilizes volunteers across the country. The group helped clean, sort, and bag drinks through the organization's food recovery program. "We receive dented and damaged boxes from grocery stores and retail outlets like Wal-Mart," says Beth. "Volunteers help inspect the recovered items, like juice boxes, so they can be distributed to after school programs instead of thrown away."

The new facility will be 30,000 square feet — two and half times the size of the current space — and will have capacity for more refrigerated and freezer items, as well as a commercial kitchen.

Further west, the Greenville branch of the Food Bank serves five counties, including Edgecombe, Greene, Lenoir, Pitt, and Wilson. An estimated 59,850 people experience hunger in this footprint, with over 12 million meals distributed in 2021.

Both the Wilmington and Greenville locations are always in need of food donations and contributions, as well as volunteers who want to help ensure that nutritious foods reach their neighbors in need. To learn more about the Food Bank, visit FoodBankCENC.org.

"Think about going to the grocery store: the foods that are the best for you are in the refrigerated section — like fruits, vegetables, and lean protein. The expanded cooler and freezer space will allow us to offer more nutritionally dense items, like fresh foods and high-quality proteins."
Healthwise Pharmacy has served the Pitt County region since 1998 and has seen tremendous growth and innovation over the years. Today it is known as Healthwise Pharmacy, Vital Care of Greenville.

Healthwise Pharmacy

Expanded Footprint Meets the Needs of the Community & Beyond

Healthwise Pharmacy has served the Pitt County community since 1998. The independent retail pharmacy provides prescription management, compounding or the altering of medication ingredients to meet a patient's specific needs, home infusion, medication delivery, durable medical equipment, immunizations, and much more. They also administer flu vaccination clinics for the majority of Pitt County schools and many local businesses and organizations.

Marcie Parker became sole owner of Healthwise Pharmacy in 2015 after working there as pharmacist manager since 2005. Here she accepts a "Top Gun" award from Vital Care at their annual conference.

Healthwise received accreditation from the Accreditation Commission for Health Care, Inc. and became a Vital Care franchise in 2005. With these professional enhancements, Healthwise began providing full-service home infusion therapy as well as nutrition consultations and Total Parenteral Nutrition (TPN) management. In July 2015, Marcie Parker, PharmD, MBA, became the sole owner of the business after working as Pharmacist Manager since 2005.

As the sole owner, Marcie soon realized she could not do it alone, so she developed a team to help her manage the business. The team soon expanded into its own company, Proximity Management and Staffing Services, LLC, where Marcie serves as owner and president. When asked how she does it all Marcie says, "I love serving the community and making sure people have access to the medications they need."

In 2022, Healthwise expanded under the Vital Care trademark to provide patients with infusion related therapy in a spa-like environment. In February, they opened Vital Care of Rock Hill in South Carolina, and the newest location, Vital Care of Raleigh, held its grand opening in November. They also have two infusion clinics in Charlotte, one in Virginia Beach, and their expansion will continue throughout 2023 with new locations in Suffolk, VA, and Charleston, SC.

Healthwise has provided home infusion for 16 years, but the coronavirus pandemic revealed a greater need within the Greenville community and beyond. Prior to the pandemic, many patients were not aware that home infusion was available, instead assuming that the only options were in-patient therapy or an outpatient clinic associated with a hospital.

During the pandemic, many patients, especially those who were immunocompromised, wanted the option to receive treatment at home because hospitals and doctors' offices were at capacity and overwhelmed. Healthwise was already staffed with nurses to assist with the growing need. With the new Vital Care locations, home infusion will be more widely available. Patients will also be able to receive treatment in a spa-like suite, as many patients enjoy the social aspect of visiting a clinic for therapy.

When Marcie was ready to expand her business portfolio, she met with several banks. Her meeting with Allen Clayton, senior vice president at TowneBank of Greenville, set things in motion for success. Marcie says, "Mr. Clayton wasn't the first person I pitched my idea to, but he was the first to take a chance on us. He's been an invaluable resource and extremely supportive of what we've set out to achieve. As we continue to expand, all of my businesses will run through TowneBank."

To learn more about the services available, visit HealthwisePharmacy.com.

"I love serving the community and making sure people have access to the medications they need."
Located at the corner of Red Banks Road and East Arlington Boulevard, the new TowneBank location will house banking, mortgage, and insurance services.

New Greenville Location — More Than a Bank

Construction is underway for the new TowneBank location in Greenville! Located at the corner of Red Banks Road and East Arlington Boulevard, the new two-story building will house banking, mortgage, and insurance services. Financial advisors from Towne Wealth Management in Raleigh also will be on site periodically to serve members. The new location will have a drive-thru window, night-time drop box, and an ATM.

"The location is perfect to serve both our personal and business banking members," says Greg Steele, president of TowneBank of Greenville. "It is a great mid-section between Winterville and Fire Tower Road, heading toward downtown and the hospital."

More than a bank, the new TowneBank Greenville location will have a community meeting room available for use by organizations and nonprofit partners. Hudson Brothers Construction and E.R. Lewis, both based in Greenville, serve as the contractor and site contractor, respectively. "If we are building a community asset, then we should support local businesses that are making a positive impact in Greenville and Pitt County," says Greg.

"We are continuing our investment in Greenville," says Greg. "We want to have a strong presence in this great market and continue to serve others and enrich lives of those who live and work in the community."

The building is expected to open toward the end of 2023.

"The location is perfect to serve both our personal and business banking members. It is a great mid-section between Winterville and Fire Tower Road, heading toward downtown and the hospital."

Your Local Banking Team in Greenville

Greg Steele

Greg Steele, President, TowneBank of Greenville

With more than 32 years of banking experience, Greg Steele has devoted his entire career to financial services. Greg leads our Greenville team focused on providing products, services, and support to meet your personal and business financial needs and goals. He has built a team who cares about people and the Greenville community in ways that go beyond banking — a team dedicated to serving others and enriching lives.

Greg is actively involved in numerous community organizations in Greenville including currently serving on the boards of the Greenville — ENC Alliance and Fellowship of Christian Athletes. He also serves as an elder at his church.

Glenn Marsh

Glenn Marsh, Branch Manager

Glenn Marsh has more than 20 years of banking experience primarily focused in the Greenville, North Carolina area. He has a strong understanding of the financial needs for both individuals and businesses.

In the community, Glenn enjoys coaching youth baseball and teaching Sunday school. "I'm so excited to be a part of the TowneBank team and to help small businesses and residents in Greenville with their banking needs," Glenn says.

Allen Clayton

Allen Clayton, Commercial Banking Officer

Allen has more than 30 years of experience and is an established leader in commercial business. With a laser sharp focus, he supports businesses in their growth through credit and cash management.

In the community, Allen has been active with various non-profits and charities including Boy Scouts, the United Way and the Chamber of Commerce. "I have deep roots in North Carolina," Allen says, "and I am ready to roll up my sleeves to help businesses manage their financial needs."

Stop by the Greenville office at 2839 Charles Boulevard. We look forward to seeing you soon!

NMLS# 512138

David Macaione, TowneBank Mortgage

David Macaione Named Sales Manager at TowneBank Mortgage for Eastern North Carolina

As the new sales manager for TowneBank Mortgage in Eastern North Carolina, David Macaione oversees a team of loan officers in Wilmington and Greenville, helping them continue their growth and success in the mortgage industry.

With 37 years of experience, David brings many talents to his new role at Towne. He previously worked as a top producing mortgage banker and loan originator. David's roots began in the industry with a family member owning a small broker shop. This invaluable experience at a young age ignited his passion and paved the way for his future career. David is enthusiastic about helping individuals and families navigate one of the most important events of their lives — homeownership.

David has four adult children and seven grandchildren, and when he is not in the office, he enjoys spending time fishing, cooking, or at the beach with his family.

TowneBank Mortgage is excited to have David join the Towne Family, and we look forward to his future accomplishments within the organization.


TowneBank Mortgage Greenville and Wilmington offers a wide array of loan programs to provide you with the best possible fit for your needs. Our team is excited to work with you!

Visit TowneBankMortgage.com.

NMLS# 512138

Photo of Doug Bray and Austin Harris.

(l to r) Doug Bray and Austin Harris, Towne Wealth Management

Towne Wealth Management

As part of an ongoing series in TowneToday, the professionals located at Towne Wealth Management are pleased to provide informative articles on a variety of wealth strategy topics. In this issue, Doug and Austin of The Bray-Harris Group encourage you to consider a broader historical perspective before changing your financial course.

Doug Bray, CFP®, CIMA®
Senior Managing Partner,
Towne Wealth Management
Financial Advisor, RJFS
919-264-6872

Austin Harris
Managing Partner,
Towne Wealth Management
Financial Advisor, RJFS
919-500-6842

Over time, markets have proved positive and resilient

Market volatility can often trigger emotional responses in investors, responses that can impact judgement and potentially affect long-term plans. These periods of volatility are an opportunity to connect with your advisor, enabling them to act as a sounding board for your concerns. By talking about current events in light of your overall financial plan, your advisor can provide reassuring perspective to help you stay the course or readjust if needed.

Pullbacks throughout history

Pullbacks can make you want to pull up stakes and run — a reaction that's often a mistake, especially for long-term investors. The right knowledge and historical perspective can help us avoid making investment decisions based on emotion rather than strategy.

By looking at the market over a long period of time, we're provided with a true testament of resiliency. Each decline along the way felt terrible and declines today feel just as uncomfortable. But when we track the overall growth the market has achieved, it's clear that there are benefits to persistence, patience and commitment.

Remember:

  • The stock market is cyclical.
  • You will likely encounter numerous pullbacks and/or corrections as a long-term investor.
  • A study of the stock market shows its resilience.
  • In the long run, the upturns have always been stronger than the downturns.

Stocks overcome bumps in the road: Growth of $10,000 in the S&P 500 from 1/31/40 to 12/31/21:

Source: Morningstar. This chart is for illustrative purposes only. This analysis does not include transaction costs, which could reduce an investor's return. Growth of $10,000 in the S&P 500 1/31/40 - 12/31/21.

Staying invested through volatile times

Timing the market is a near-impossible task. By staying invested, even through periods of volatility, investors can increase their chances of achieving higher returns.

Over the past 20 years, the S&P 500 has grown at an annualized rate of 7.3%. However, removing only the five best trading days over that 20-year period would bring the index's total growth down to 4.9%, and missing the 20 best trading days pulls its return to only 0.6%.

Don't inadvertently miss out on important recovery days by trying to time the market's every movement. Instead, speak with your advisor about how your long-term plan is positioned to weather short-term volatility — and discuss whether temporary pullbacks are an opportunity to strategically add to your portfolio.

Remember:

  • Generally, returns have been less volatile over longer holding periods.
  • Returns over time have been positive in most cases.
  • Even a few strong market days can significantly impact total returns.
  • Dollar-cost averaging can help take advantage of volatility.

The Raymond James financial advisors at Towne Wealth Management can help you understand these periods of volatility, especially during declines, your advisor can act as a sounding board for your concerns. By talking about current events in light of your overall financial plan, your advisor can help provide reassuring perspective to help you stay the course and take advantage of any opportunities that tumultuous markets can present. Please contact any of our financial advisors with questions at 757-638-6850.

Read the full Weathering Market Volatility brochure.

Towne Wealth Management, TowneBank and The Bray-Harris Group are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of TowneBank, are not guaranteed by TowneBank, and are subject to risks, including the possible loss of principal.

Past performance may not be indicative of future results. There is no assurance these trends will continue. The market value of securities fluctuates, and you may incur a profit or a loss. Investing involves risk including the possible loss of capital. The S&P is a weighted, unmanaged index composed of 500 stocks believed to be a broad indicator of stock price movements. Investors cannot buy or invest directly in market indexes or averages. Past performance is no guarantee of future results. Dollar-cost averaging does not assure a profit and does not protect against loss. It involves continuous investment regardless of fluctuating price levels of such securities. Investors should consider their financial ability to continue purchases through periods of low-price levels.