Banking & Finance

Nov 14, 2019

NCino Announces New AI Bank Automating System

By Samie Creech, posted Nov 14, 2019

Financial technology and cloud-based banking company nCino announced nCino IQ to expand its Bank Operating System in a press release Thursday. nIQ uses artificial intelligence to help clients increase efficiency and use analytics to enhance customer experience. The AI system incorporates data recognition, insights and digital assistance into its system.&n ...

Nov 1, 2019

Market Share Reports Show Subtle Shifts

By Jenny Callison, posted Nov 1, 2019

There has been a subtle shifting of market share within the 21 banks that maintain a presence in the Wilmington area of Brunswick, New Hanover and Pender counties.   Comparing the FDIC’s June 30, 2018, market share reports with the just-released reports that reflect market share as of June 30, 2019, it’s evident that the market share of most banks in the ...

Nov 1, 2019

Southern Bank And Trust Spreads Its Wings

By Jenny Callison, posted Nov 1, 2019

In its first year with a full-service branch in Wilmington, Southern Bank and Trust Co. seems to be making big strides.   The bank, based in Mount Olive, entered the Wilmington market in 2016 when Newbridge Bank veterans Paul McCombie, Leon Pruzan and Lenny Smith opened a loan production office in the Landfall Executive Center. They later moved their operations to a ...

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That’s Who We Are

Posted Jul 16, 2019
When it comes to buying or selling property, consumers know they want the best. The best price, the best property, the best location, the best process. However, what many don't know is that they also have the right to the best real estate professional.
 
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Oct 31, 2019

New CFO Named At NCino

By Ryan Haar, posted Oct 31, 2019

David Rudow has joined Wilmington-based banking software firm nCino as chief financial officer, company officials said Thursday. Rudow comes from CentralSquare Technologies, where he served as senior vice president of finance, and brings nearly two decades of experience in finance and operations to nCino. “Adding David to our team will strengthen our ability to ...

Oct 28, 2019

NCino Expands To Japan

By Johanna Cano, posted Oct 28, 2019

Wilmington-based nCino is expanding to Japan through its partnership with Tokyo-based Japan Cloud, according to a news release Monday. With the partnership, nCino has created a new subsidiary, nCino K.K., which will “meet the growing demands of financial institutions in Japan looking to digitally transform their operations and improve efficiency,” as stated ...

Oct 24, 2019

Live Oak Bank Net Earnings Down; Other Key Measures Up

By Jenny Callison, posted Oct 24, 2019

Net interest income and associated revenues were up for Live Oak Bancshares at the close of the third quarter of 2019, but net earnings were down, the company announced Wednesday. Q3 2019 net earnings available to common shareholders were $3.9 million, or $0.09 per diluted share, as compared with earnings of $14.3 million ($0.34 per diluted share) a year ago. However, n ...

Oct 4, 2019

Small Businesses Find Lending Niches

By Jenny Callison, posted Oct 4, 2019

Michael Tuczynski knows about small business lending. He was an SBA loan specialist during his 15-year banking career. When Tuczynski and his wife purchased Southeastern Pet Cremation in 2014, he used an SBA 7(a) loan to finance the transaction.   Last year, the couple was ready to purchase the business’s building and surrounding property they had been renting ...

Oct 4, 2019

Live Oak Grows Again With Trust, Estate Services

By Jenny Callison, posted Oct 4, 2019

Live Oak Private Wealth, an SEC-registered investment adviser and subsidiary of Live Oak Bank, has launched trust and estate planning services for its clients, the bank announced last month. The new services are provided through a strategic partnership with Alliance Trust Company of Nevada.   “Establishing a trust takes careful consideration and skilled fiduci ...

Oct 3, 2019

Bank's Growth Plan Includes Name Change

By Jenny Callison, posted Oct 3, 2019

Sound Bank, the Morehead City-based coastal financial institution with one branch in Wilmington, now has a new roadmap and a new name: Dogwood State Bank.   The name change, which became official Monday, will become visible to the public when new signage goes up later this month. This rebrand is the latest step as the former Sound Bank positions itself as a bank on ...

Oct 2, 2019

How NCino Plans To Use Its Recent $80M Funding

By Johanna Cano, posted Oct 2, 2019

With its newest funding of $80 million, nCino officials plan on using the money for product innovation, global expansion and hiring of new talent, according to a news release Wednesday. On Tuesday, a Securities and Exchange Commission filing showed that the Wilmington-based banking software company had raised $80 million in equity. The funding round was led by T. Row ...

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