Banking & Finance

Nov 14, 2017

NCino Ranks In Deloitte’s Technology Fast 500

By Christina Haley O'Neal, posted Nov 14, 2017

Wilmington-headquartered cloud banking company nCino recently ranked for the first time as one of the 500 fastest-growing technology companies in North America. Deloitte’s Technology Fast 500 ranked nCino on the top half of its list at No. 189, according to a news release. The list ranked the company among the 500 fastest-growing technology, media, telecommunicati ...

Nov 7, 2017

Live Oak Earnings Jump In 3Q

By Jenny Callison, posted Nov 7, 2017

Live Oak Bancshares’ net earnings took a sharp upward turn the third quarter of 2017, as compared with the same quarter last year. A report filed Monday with the Securities and Exchange Commission repeated the company’s recent earnings announcement. It stated that the Wilmington-based banking company’s third-quarter net earnings available to common sha ...

Nov 3, 2017

Merger Brings Benefits, Sound Bank Official Says

By Jenny Callison, posted Nov 3, 2017

With the completion of an acquisition by Raleigh-based West Town Bancorp Inc. of Morehead City-based Sound Bank this summer, there will be benefits to Sound Bank customers in the Wilmington community, but no overt changes, said the bank’s area executive. “Sound Bank is Sound Bank. To the general public, there is no difference [since the merger]," said Mar ...

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Stay Off The Naughty List When Planning Holiday Events

Posted Nov 6, 2017
The trick-or-treaters have come and gone, and there is an ever-so-slight briskness in the air.

That means the holidays – and all the twinkling lights, festive decorations and parties that come with them – will soon be upon us...read entire article
Nov 3, 2017

Apiture Aims To Disrupt Digital Banking

By Jenny Callison, posted Nov 3, 2017

A local company’s latest offspring, a firm that aspires to push the frontiers of digital banking, will soon move into its Wilmington headquarters.   Apiture, launched Oct. 1, is a joint venture between Wilmington-based Live Oak Bancshares and Atlanta-based First Data. The new entity, which has chosen to locate in downtown Wilmington, has as its major goal to & ...

Oct 25, 2017

Accenture Investment Boosted NCino's Growth

By Jenny Callison, posted Oct 25, 2017

An announcement from nCino Wednesday revealed one major factor in the Wilmington-based banking software company’s rapid growth.   In a joint news release, nCino and Accenture announced a minority investment in nCino by the New York City-based professional services firm, and the success of an ongoing alliance between the two companies.   “Accenture ...

Oct 6, 2017

New Bank Enters Wilmington Market

By Jenny Callison, posted Oct 6, 2017

A young North Carolina-chartered bank has entered the Wilmington market with a loan production office. On Sept. 11, Rocky Mount-based First Carolina Bank opened its office at 6740 Rock Spring Road, Suite 230, in the Offices at Mayfaire IV. The bank has tapped local banker David Rizzo to head up its lending activities here. “My charge is to generate a bunch of r ...

Oct 2, 2017

Live Oak Bancshares has officially widened its lens on the world of digital banking. Officials with the Wilmington company and First Data (NYSE: FDC) said Monday that the firms have closed on the joint venture announced in May of this year. The new company, named Apiture, combines First Data’s and Live Oak Bank’s digital banking platforms, products, and s ...

Sep 14, 2017

Former Mayor Spence Broadhurst Returns To Wilmington

By Jenny Callison, posted Sep 14, 2017

A former Wilmington mayor and banking executive officially returns to town Monday in a new role with First National Bank.   Spence Broadhurst has been named the bank’s region president for the Eastern North Carolina Region, after serving in a similar capacity for FNB’s Piedmont Region the past several months from his office in Greensboro.   Broadh ...

Sep 8, 2017

Select Bank Expands Footprint In Area

By Jenny Callison, posted Sep 8, 2017

Building on its success in Leland, Select Bancorp Inc. has announced that it will expand its presence of its subsidiary, Select Bank & Trust, to Wilmington this fall. “Opening this branch in Wilmington is a significant milestone for our bank,” W. Keith Betts, the bank’s executive vice president and chief banking officer, said recently. “As we ...

Aug 29, 2017

Live Oak Bank Tops Workplace List

By Staff Reports, posted Aug 29, 2017

For the fourth, consecutive year Wilmington-based Live Oak Bank topped a national list of banks that are the best to land a job at.   Industry publication American Banker named Live Oak No. 1 on its “Best Banks to Work For” list.   The bank has 406 employees, according to the list.   One of those employees is Kate Groat, who took on the cre ...

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