Banking & Finance

Feb 9, 2018

 Live Oak Bancshares Inc., the bank holding company for Live Oak Banking Co., eliminated the role of chief operating officer at the bank, according to a filing Tuesday with the Securities and Exchange Commission. Gregory B. Thompson served as chief operating officer of Live Oak Bank since March 2016. The elimination of his role was effective Feb. 2. Live ...

Jan 31, 2018

NCino Raises More Than $51M To Fund Growth, Innovation

By Cece Nunn, posted Jan 31, 2018

Wilmington-based banking software firm nCino recently raised nearly $51.5 million to fuel its global growth and product innovation, company officials said Wednesday. The funding round was led by Salesforce Ventures, the corporate investment group of Salesforce, with participation from another existing nCino shareholder, according to a news release. nCino filed a fo ...

Jan 26, 2018

Live Oak Earnings Soared In 2017

By Jenny Callison, posted Jan 26, 2018

Live Oak Bancshares Inc. earnings for 2017 took a significant leap over those of 2016, according to the Wilmington-based company’s most recent financial report. Net earnings for the year ended Dec. 31 totaled $100.5 million, or $2.65 per diluted share, compared to $13.8 million, or $0.39 per diluted share, for the year ended Dec. 31, 2016, the company (Nasdaq: LOB ...

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Marketing to the Short Attention Span

Posted Feb 15, 2018
We're easily distracted these days.
 
According to a recent study, the average person picks up their phone more than 150 times a day, with over 2,600 touch interactions. Holding attention in the digital world is difficult. In fact, it's gotten so bad that our attention spans have, on average, shrunk to around 8.05 seconds - that's shorter than that of a goldfish!
...read entire article
Jan 26, 2018

Tech Plays Larger Role In Retail Banking

By Jenny Callison, posted Jan 26, 2018

Technology – financial technology specifically – figures prominently in the retail banking industry’s view of this year’s major trends. There are references to how such developments as the internet of things, data analytics and blockchain technology will likely affect banking.              ...

Jan 9, 2018

Wells Fargo Market President Takes Position At BB&T

By Jenny Callison, posted Jan 9, 2018

Barry Eichelberger has made a career change. Eichelberger, formerly Wilmington-based market president for Wells Fargo, has taken a position with BB&T as a business service officer and senior vice president in commercial lending. The appointment was announced by BB&T market president Charlie Mattox earlier this month. “We are very excited that Barry has ...

Jan 2, 2018

Banks Marked Year Of Expansion, Mergers

By Jenny Callison, posted Jan 2, 2018

While it’s true that Live Oak Bancshares, its new joint venture Apiture and banking software company nCino dominated banking news in Wilmington last year, there were plenty of other changes to the finance sector in this market in 2017. Here is a brief recap:   In March, Pittsburgh, Pennsylvania- based FNB CORP. completed its $1.4 billion merger with YADKIN BAN ...

Dec 15, 2017

Mortgage Firm To Open Wilmington Office

By Cece Nunn, posted Dec 15, 2017

Angel Oak Home Loans, a mortgage firm based in Atlanta, plans to open a Wilmington office in January. Regional Vice President Trent Reed will launch the office at 1119-A Miliitary Cutoff Road at The Forum with a team of 20 mortgage professionals, according to a news release. Reed has 17 years of multi-state sales management experience. The initial Wilmington team for ...

Dec 15, 2017

The area’s financial tech footprint took a substantial step up in 2017, largely because of projects with their roots tying back to Wilmington-based Live Oak Bank.   Live Oak, the only public company headquartered locally, operates outside the traditional bank model. A lender without branches that relies on the technology it helped develop to interact with smal ...

Dec 1, 2017

Area Banks Increase SBA Lending

By Jenny Callison, posted Dec 1, 2017

For the second year in a row, the U.S. Small Business Administration (SBA) loan programs placed more than $750 million into the hands of North Carolina small businesses. The agency reported recently that in the fiscal year that ended Sept. 30, it guaranteed 1,460 loans for over $849 million in the state.   Wells Fargo Bank was North Carolina’s top 7(a) lender ...

Dec 1, 2017

Survey Shows Change In Retirement Priorities

By Jenny Callison, posted Dec 1, 2017

People planning and saving for retirement these days aren’t as focused as their parents might have been on leaving a big chunk of change for their children.   That’s one finding in a recent Perspectives of Retirement Survey conducted by PNC. Most respondents indicated they want to enjoy life, feel financially secure and have peace of mind in their retire ...

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