![]() ![]() (The swing bridge was replaced by a fixed-span high rise bridge in 2018). They built the road from Camp Davis to the sound and installed a pontoon bridge across the Intracoastal Waterway where a swing bridge was later constructed in the 1950s. Army built a large temporary anti-aircraft training base at Holly Ridge known as Camp Davis and took possession of the island. At the beginning of World War II, the U.S. During the early 20th century only a few structures, probably less than a dozen, were built along the sound and were used as shelter for fishing trips and summer vacations. Treasure hunters searched for Blackbeard's infamous buried treasure throughout the maritime forests which covered the island. Local farmers are said to have driven their livestock across the waterways at low tide to graze on wild beach grass. Area residents frequently made this short trip and picnicked on the sandy shores of the Atlantic Ocean. Prior to World War II, Topsail Island was only accessible by boat. Eventually, the merchants became aware of the hiding place and began looking for the topsail, which was supposedly the only part of the pirate ship that could be seen by the passing victim. The pirates would attack the ships and claim the cargo as their own. The head captain of these ships was named Kevin Regan. According to popular belief, pirates used to hide in the channel between the island and the mainland, waiting for merchant ships loaded with goods to pass. Topsail Island's name is supposedly derived from its nefarious history however, this is still debatable among the locals on the island. It is also known for its varieties of Coral and fossils and supports team There are only two ways on and off the island: a high-rise bridge in Surf City and a high-rise bridge in North Topsail Beach. The island lies in Onslow County in the north and in Pender County in the south. Along with its thick maritime forests, Topsail Island is also a sanctuary for sea turtles and is known for its beautiful beaches. It includes the communities of North Topsail Beach, Surf City, and Topsail Beach. It is separated from the mainland by a series of small sounds and channels that make up a portion of the Atlantic Intracoastal Waterway. The northeastern edge of the island is the New River Inlet, and the southwestern edge is New Topsail Inlet. Second-quarter earnings rose to $2.3 million from $2.1 million.Topsail Island ( / ˈ t ɑː p s ɪ l/, TOP-sill) is a 26-mile (41.8 km) long barrier island off the coast of North Carolina, roughly equidistant between the barrier islands of the Crystal Coast and the beaches of the Cape Fear region, lying south of Jacksonville, North Carolina and Camp Lejeune. Assets rose to $51 million from $49 million.įirst American Bank of Virginia, a McLean unit of Financial General Bankshares and the largest bank in Northern Virginia, reported a 21 percent increase in earnings for the first six months to $4.5 million ($2.68 a share) from $3.8 million ($2.24) last year. $167,509 (38 cents), a gain of 63 percent second-quarter results were not available. Assets rose to $113 million from $101 million.īank of Columiba, of Washington, which is negotiating a possible sale of the institution to foreign investors, reported six-month earnings from operations of $273,574 (62 cents) vs. National Bank said second-quarter net income was $474.601 ($2.33 a share) vs. First Maryland Bancorp, of Baltimore, posted an increase in operating earnings to $5.6 million ($1.19 a share) from $4.6 million (99 cents) from $4.7 million (68 cents).Īmong other banking companies reporting 1980 results:ĭ.C. Two large bank holding companies reported mixed results yesterday for the second quarter of 1980. Chairman Tad Stanwick said yesterday his firm has "every intention of making an appreciable improvement in our sales volume and earnings fisical 1981." On April 2, Stanwick went into court with a lawsuite against the curent Iranian government, seeking $7 million. 31, Stanwick wrote off funds on deposit in Iranian banks and amounts due from contracts with Iran's previous government. The local firm's business gains came in such sectors as naval design and publication engineering services as well as technical support services.Īs of Jan. Not counting the Iranian impact, Stanwick said yesterday, revenues in the recent year were up 121 percent from non-Iranian related revenues of the prior year. But when contracts for work in Iran were severed in the fourth quarter of 1979, Stanwick lost operations that had resulted in 72 percent of annual revenues. In the previous year, Stanwick had posted profits of $902,421 (87 cents a share) on revenues of $18 million. Stanwick Corp., an Arlington management systems and consulting firm which suffered a substantial loss of business in Iran after the revolution in that country, yesterday reported a net loss of $3.2 billion in the year ended April 30. ![]()
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