POWER OF ATTORNEY for SECURITIES & EXCHANGE COMMISSION (SEC) SECTION 16(a)
REPORTING
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Roger L. Dick, President & Chief Executive Officer; R. David
Beaver, III, Chief Risk Officer; and Tamara M. Singletary, Executive Vice
President, Investor Relations & Corporate Secretary and each of them acting
alone, the undersigneds true and lawful attorney in fact to:
Execute for and on behalf of the undersigned, in the undersigneds capacity
as an officer, director and/or 10% or more shareholder of Uwharrie Capital Corp
(the Company), Forms 3, 4, and 5 (and any amendments thereto) in accordance with
Section 16(a) of the Securities Exchange Act or 1934, as amended (the 1934 Act),
and the rules promulgated thereunder;
(1) do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form 3, 4,
or 5 (and any amendment thereto) and to file timely such Form with the United
States Securities and Exchange Commission and any stock exchange or similar
authority; and
(2) take any other action of any type whatsoever in connection with the
foregoing which in the opinion of such attorney in fact may be of benefit to, in
the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney in fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney in fact may approve in such
attorney in facts discretion.
The undersigned hereby grants to each such attorney in fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney in fact, or such attorney
in facts substitute or substitutes, shall lawfully do or cause to be done by
virtue of this Power of Attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorneys in fact, in serving in
such capacity at the request of the undersigned, are not assuming, nor is the
Company assuming, any of the undersigneds responsibilities to comply with
Section 16 of the 1934 Act.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigneds holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to each
of the foregoing attorneys in fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed this 23rd day of January, 2023.
By: SEC Reporting Person
/s/ Aaron David Bates Aaron David Bates
(Signature of Reporting Person) (Print Name)
RESOLUTIONS OF THE BOARD OF DIRECTORS OF UWHARRIE CAPITAL CORP
WHEREAS, the persons named below are designated as "Reporting Persons" of
Uwharrie Capital Corp (the "Company") for purposes of Rule 16a (Reporting
Requirement) to the Securities and Exchange Commission ("SEC"):
1. Board of Directors Uwharrie Capital Corp
2. Roger L. Dick President and Chief Executive Officer
Uwharrie Capital Corp;
Chief Executive Officer Uwharrie Bank
3. R. David Beaver, III Chief Risk Officer
Uwharrie Capital Corp and Uwharrie Bank;
President Uwharrie Bank
4. Jason R. Andrew Chief Operations Officer
Uwharrie Capital Corp and Uwharrie Bank
5. Christy D. Stoner President & Chief Executive Officer
Uwharrie Investment Advisors;
Chief Marketing Officer
Uwharrie Capital Corp and Uwharrie Bank
6. Jeffrey L. Trout President Uwharrie Bank Mortgage
7. Heather H. Almond Chief Financial Officer
Uwharrie Capital Corp and Uwharrie Bank
8. Cheryl P. Rinehardt Chief Credit Officer Uwharrie Bank
9. Brooke L. Senter Chief People Officer Uwharrie Capital Corp and
Uwharrie Bank; Assistant Corporate Secretary
Uwharrie Capital Corp and Uwharrie Bank
10. Tamara M. Singletary Executive Vice President Uwharrie Capital Corp and
Uwharrie Bank; Corporate Secretary Uwharrie Capital
Corp and Uwharrie Bank
FURTHER, all other officers of the Company are excluded from policymaking
functions and, therefore, are not "Reporting Persons" of the Company.
Page 2 of 2
SEC "Reporting Persons" Resolution
UCC Board of Directors Meeting
January 17, 2023
FURTHER, those persons named will be responsible for complying with the
"Pre-Clearance Policy for Uwharrie Capital Corp Stock Transactions" as set forth
by the Board of Directors and for notifying Tamara M. Singletary, who has been
designated as the Company's
contact person for stock matters, prior to engaging in any transaction involving
or effecting any change in his/her beneficial ownership of equity securities of
the Company including, without
limitation, any change resulting from any private negotiation trade, market
trade through the Company, gifts, custodial accounts, trusts, corporations,
partnerships, marriages, deaths,
incentive stock options, employee stock purchase plan, employee benefit plan,
etc. in order to prevent violations of Rule 16a and 16b.
FURTHER, compliance with the reporting rules is the sole responsibility of the
individual Reporting Persons and not the Company; however, Tamara M. Singletary
or designee will assist persons with reporting forms to ensure timely filings
with the Securities and Exchange Commission (SEC).
FURTHER, the "Reporting Persons" authorize and designate Roger L. Dick, R.
David Beaver, III, or Tamara M. Singletary to sign SEC Forms 3, 4 and 5 and file
in their behalf, if needed. Notice of this signature authorization will be
given to the Securities and Exchange Commission by providing a copy of this
resolution.
These actions being taken at a duly called meeting of the Uwharrie Capital
Corp Board of Directors on January 17, 2023, for which a quorum was present.
/s/ Tamara M. Singletary
Tamara M. Singletary
Executive Vice President & Corporate Secretary
Uwharrie Capital Corp