Banking & Finance

Aug 16, 2019

Live Oak Bancshares has been named as one of Fortune’s 100 Fastest-Growing Companies in the world, ranking in as No. 36. The Wilmington-based company ranked on Fortune's list based on its three-year revenue, profit and stock return performance. “We strongly believe in a model of soundness, profitability and growth, in that order, and we are proud ...

Aug 8, 2019

Mortgage Company To Move HQ To Wilmington

By Christina Haley O'Neal, posted Aug 8, 2019

A newly formed mortgage company has plans to establish its headquarters in Wilmington, expecting to grow its workforce to more than 100 in a couple of years, officials announced Thursday. SeaTrust Mortgage Co., a subsidiary of South Carolina-based Community First Bank, plans to bring 15 to 20 jobs by the end of the year and grow to more than 100 jobs by 2021, John Owens ...

Aug 2, 2019

Measuring Deposits, Branch By Branch

By Jenny Callison, posted Aug 2, 2019

Over the past several years, the Military Cutoff/Eastwood Road area has attracted significant banking activity, measured by the amount of deposits at each bank branch in New Hanover County.   An analysis of branch-by-branch deposit totals as of June 30, 2018, the most recent available through the FDIC website, shows that only two of New Hanover County’s 11 lar ...

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Growing the Spirit of Entrepreneurship

Posted Aug 5, 2019
The Spirit of Entrepreneurship has found a welcoming and supportive home in Wilmington. If you put your ear to the ground, you’ll hear interesting conversations about entrepreneurship all over town. The conversations and energy have turned to the importance of the entrepreneurial mindset.  It reminds me of the kinds of questions we were asking ten years ago – Are entrepreneurs mad...read entire article
Jul 25, 2019

Live Oak Bank's earnings per share inched higher than that of the first quarter of 2019, according to the bank's Q2 earnings call after markets closed Wednesday. For the second quarter of 2019, officials reported net earnings available to common shareholders of $4.9 million, or 12 cents per diluted share. This figure was twice the EPS the bank reported for Q1 of ...

Jul 12, 2019

NCino Expands In North America

By Jenny Callison, posted Jul 12, 2019

Wilmington-based banking software company nCino has announced the opening of an office in Toronto to support the adoption of nCino's Bank Operating System within Canadian financial institutions. The Toronto office is nCino's fourth. In addition to its world headquarters in Wilmington, the software company has locations in London, England and Sydney. nCino see ...

Jul 5, 2019

Banks Offer Non-traditional Housing Loans

By Jenny Callison, posted Jul 5, 2019

As affordable housing becomes ever more scarce, people are looking to alternatives to single-family homes and apartments. One option is mobile homes.   In recent years, mobile home manufacturers have upgraded the quality of materials and the amenities available in their products, said Chris Shugart, South State Bank’s mortgage sales services and technology dir ...

Jul 5, 2019

BB&T, SunTrust Announce Merged Name

By Jenny Callison, posted Jul 5, 2019

After talking to its employees, clients and partners as well as working with a branding firm, BB&T and SunTrust Bank chose a name for their proposed merged entity: Truist Financial Corp.   The rebranding will go into effect after the merger is finalized later this year. The transaction is awaiting regulatory approval.   The new name, announced June 12, re ...

Jun 7, 2019

Bank Of America To Close Downtown Wilmington Branch

By Jenny Callison, posted Jun 7, 2019

Bank of America has announced that it is closing its downtown Wilmington branch effective Jan. 28, 2020. The news was sent first via email Friday morning to customers affiliated with that branch – or financial services center, as the bank terms its locations – at 319 N. Third St.   Accounts at the downtown branch will be transferred to Bank of America ...

Jun 7, 2019

Firms Navigate Latest Tax Law Changes

By Jenny Callison, posted Jun 7, 2019

During tax season this year, media reports indicated that the many changes in the Tax Cuts and Jobs Act of 2018 were producing confusion among individuals and businesses as they prepared their tax returns. Did this scenario play out among business filers locally?   Rob Wagner, a tax partner with the Wilmington office of RSM US LLP, said there were many provisions of ...

Jun 7, 2019

First Carolina To Open Full-service Branch

By Jenny Callison, posted Jun 7, 2019

First Carolina Bank, which has maintained a loan production office in Wilmington since September 2017, will open a full-service branch here. The new branch will occupy about 8,500 square feet in Bradley Creek Station, a new 80,000-square-foot office building that will be built on Oleander Drive.   The project is by SAMM Properties Inc., led by developer Steve Anders ...

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In The Current Issue

Battleship Opens New Tour Section With Food Focus

An area landmark has a new tool for providing insight into the daily lives of the men who served aboard the World War II vessel....


Thinking Smaller For New Subdivisions

Some homebuilders and developers in the Wilmington area are working on creating smaller subdivisions and infill communities....


Measuring Coral Health

Researchers at UNCW have developed an instrument that measures the health of coral reefs, a tool that could be useful for other universities...

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