John W. Olive, executive vice president of the United Savings and Loan Association, Mount Airy, North Carolina, has announced that he will resign that position as of December 31, 1971, to assume an executive position with United North Carolina Industries, Inc., a North Wilkesboro-based holding company of which he is an organizing director. He has been managing officer of the savings and loan association since 1956.

A licensed real estate broker and member of the Surry County Board of Realtors, John was appointed to the North Carolina Real Estate Licensing Board in November 1969 and presently serves the Board as vice chairman.