If PNC wants to make a splash in North Carolina, it would do well to finding a way to turn around the record established by RBC when it comes to making loans to farmers. A good portion of eastern North Carolina's economy is driven by agriculture. It would not be a stretch to say that most of the money in the area is a product of farming.
Severn is a good example. Even though Severn only has about 1,000
people, it is home to one of the three roasting facilities for Hampton Farms. Hampton Farms is a producer of ultra high quality Virginia peanuts. Their peanuts are sold throughout the country. They make a good share of the peanuts that are sold by concessionaires at any major league baseball game. Severn, which is located in Northampton County, is not the only local roasting facility. Hampton Farms has another in Edenton (Chowan County) and then one in Missouri.