Edward "Eddie" Newton Mann Jr.
Eddie Mann played a vital and direct role in building our local community. From partnership with his father in residential construction, to leading Orange Savings & Loan, to a major institutional and community benefactor, Eddie was instrumental in helping to develop a community that supported small business and home ownership. A Carrboro native, Eddie laid the foundation for his banking career by
building houses around town. He learned firsthand the importance of quality construction and the value of home ownership. Eddie was
instrumental in the founding of the Home Builders Association of Durham and Chapel Hill, and he served as its first President. After graduating from the University of North Carolina at Chapel Hill, Eddie joined the Army and later worked for Nationwide Insurance. In 1964, he combined knowledge gained in construction and insurance and joined Orange Savings & Loan as treasurer. In 1980, he was named its president and CEO. He guided the bank through the harsh economic conditions and the extraordinary regulatory reforms of 1992, which required complete restructuring of savings and loan institutions, and he ultimately oversaw its acquisition by Centura Bank, ensuring stability for Orange Savings’ employees and increased banking services for the local community. Centura was ultimately
acquired by PNC Bank.
Eddie was deeply involved in civic and government affairs, serving on the Chapel Hill Recreation Commission, the Chapel Hill Housing Authority, the Home Builders Association and the East Chapel Hill Rotary Club. He also was a founding director of the Chamber of Commerce, and he was an elder and treasurer of the Bethlehem Presbyterian Church. During his service on the Orange Water
and Sewer Authority, Eddie played a pivotal role in expanding the local water supply with the Cane Creek Reservoir, which would cover hundreds of acres of farmland. Eddie was a steadying force during the tense discussions and is credited by many with ensuring the acreage was acquired through negotiating with the landowners rather than by condemning their property. His influence extends beyond Orange
County. Eddie is the founding director and first CEO of the Community Affordable Housing Corporation, a non-profit organization that helps build housing for low-income residents in the Southeastern part of the United States. Begun in 1992 to serve North Carolina, the organization has grown and is now the largest nonprofit syndicator of federal tax credits in the U.S., serving 13 states.
For his essential and influential role in creating a strong foundation for our local community and providing sound leadership during turbulent times, we are proud to induct Edward “Eddie” Mann Jr. into the Chapel Hill-Carrboro Business Hall of Fame.
building houses around town. He learned firsthand the importance of quality construction and the value of home ownership. Eddie was
instrumental in the founding of the Home Builders Association of Durham and Chapel Hill, and he served as its first President. After graduating from the University of North Carolina at Chapel Hill, Eddie joined the Army and later worked for Nationwide Insurance. In 1964, he combined knowledge gained in construction and insurance and joined Orange Savings & Loan as treasurer. In 1980, he was named its president and CEO. He guided the bank through the harsh economic conditions and the extraordinary regulatory reforms of 1992, which required complete restructuring of savings and loan institutions, and he ultimately oversaw its acquisition by Centura Bank, ensuring stability for Orange Savings’ employees and increased banking services for the local community. Centura was ultimately
acquired by PNC Bank.
Eddie was deeply involved in civic and government affairs, serving on the Chapel Hill Recreation Commission, the Chapel Hill Housing Authority, the Home Builders Association and the East Chapel Hill Rotary Club. He also was a founding director of the Chamber of Commerce, and he was an elder and treasurer of the Bethlehem Presbyterian Church. During his service on the Orange Water
and Sewer Authority, Eddie played a pivotal role in expanding the local water supply with the Cane Creek Reservoir, which would cover hundreds of acres of farmland. Eddie was a steadying force during the tense discussions and is credited by many with ensuring the acreage was acquired through negotiating with the landowners rather than by condemning their property. His influence extends beyond Orange
County. Eddie is the founding director and first CEO of the Community Affordable Housing Corporation, a non-profit organization that helps build housing for low-income residents in the Southeastern part of the United States. Begun in 1992 to serve North Carolina, the organization has grown and is now the largest nonprofit syndicator of federal tax credits in the U.S., serving 13 states.
For his essential and influential role in creating a strong foundation for our local community and providing sound leadership during turbulent times, we are proud to induct Edward “Eddie” Mann Jr. into the Chapel Hill-Carrboro Business Hall of Fame.