Banking & Finance

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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Posted Jun 7, 2019

Research-Focused

South Atlantic Capital is an independent registered investment adviser registered with the State of North Carolina and the Commonwealth of Virginia.
 
We are a research-focused boutique investment manager investing client portfolios directly in 20 to 25 companies. We feel we spend more time on research and less time than other firms o...read entire article
Jun 5, 2019

Credit Union Opens New Regional Office

By Jenny Callison, posted Jun 5, 2019

Three stories, 43,709 square feet, two full-service ATMs: those are a few of the numbers for Corning Credit Union's new North Carolina Regional Office, which opened with a ribbon cutting ceremony Wednesday (at right). The new building, off 17th Street Extension, replaces CCU's former branch in nearby Fulton Station. Wilmington City Council member Charlie Rive ...

May 9, 2019

A recent chain of transactions involving Morehead City-based Sound Bank has freed the bank to become the building block for an entirely new statewide community bank. Sound Bank, which has one office in Wilmington, had become part of Raleigh-based West Town Bancorp Inc. in 2017. West Town announced this week in a news release that it had sold a “substantial portion ...

May 7, 2019

Fed District President Shares Insights With UNCW Audience

By Jenny Callison, posted May 7, 2019

Attendees at a “fireside chat” Monday afternoon at UNCW’s Cameron School of Business got a peek inside the Federal Reserve. Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, talked to University of North Carolina Wilmington students, faculty members and members of the public about how he prepared for his current role, how he views it ...

May 3, 2019

Lender Event Highlights Government Loans

By Jenny Callison, posted May 3, 2019

Surveying the damage after Hurricane Florence last September, Indochine owner Solange Thompson found herself with a functional restaurant but severely compromised access to the building. Large fallen trees littered the parking lot and impeded access to the building. She contacted FEMA, and officials there referred her to Thread Capital, a relatively new organization tha ...

Apr 29, 2019

Wells Fargo Bank Mortgage Moves Downtown

By Jenny Callison, posted Apr 29, 2019

Wells Fargo Bank Mortgage in Wilmington has moved to new office space.   The Port City location, formerly at 1131 Military Cutoff Road at the entrance to The Forum, settled into quarters on the second floor of the Wells Fargo Bank building downtown at 300 N. Third St. earlier this month.   "It's nicer, more modern space," branch manager Rhonda W ...

Apr 25, 2019

In its first-quarter earnings report Wednesday, Live Oak Bancshares announced net earnings for the quarter of nearly $2.4 million, or 6 cents per diluted share. Those amounts were down significantly from the first quarter of 2018, when the bank holding company reported net earnings of $12.5 million or 30 cents per diluted share. Prior to the report, however, analys ...

Apr 24, 2019

As Wall Street anticipates the release Wednesday afternoon of Live Oak Bancshares' first quarter 2019 earnings report, analysts expect the company to report a decline in earnings. Revenues, according to investment research firm Zacks, are expected to be about $43 million, down just over 22% from those of Q1 2018. That level of revenue would equate to earnings per sh ...

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In The Current Issue

Software Firm Codes For Growth

After growing PS Solutions in Pennsylvania, founder Wayne Hippo came to Wilmington with the goal of replicating the company’s growth in the...


Hampton Inn & Suites Opens In Southport

The city of Southport has a new hotel. Hampton Inn & Suites Southport, 4820 Port Loop Road, opened earlier this spring and features 88 guest...


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Find out which apps and tech are used by Skilly-do CEO and co-founder Clarie Holroyd, whose product is an online toolkit that promotes early...

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