Belmont S&L to cut ribbon on new office

Belmont Federal Savings & Loan Association will cut the ribbon next week on a new office after spending 42 years in its headquarters.

President Mike Anthony said the savings and loan officially moved into the new building on Monday. The ribbon cutting will be held next Friday, Oct. 28, at 9 a.m. There will be an open house from 9 a.m. to 5 p.m.

Belmont Federal was created in 1915 and serves Gaston County. It has been at 42 Catawba St. in Belmont and will now be at 210 Park St. The bank broke ground on the new location last year, the Gaston Gazette reported at the time.

It had about $95 million in assets as of June 30, according to the Office of Thrift Supervision. It had about $78.5 million in deposits and $56.6 million in mortgage loans.