On Saturday, TD Bank's presence in the Wilmington market will grow by 50%. The New Jersey-based bank will open a new branch at 1100 Town Lake Drive in Leland, adding to its existing locations on College Road in Wilmington and on U.S. 17 in Hampstead. The branch will offer a full range of services from an ATM and six-day-a-week lobby and drive-thru hours to foreign c ...
Dogwood State Bank, which maintains a branch in Wilmington, announced Feb. 1 that it has signed a definitive merger agreement to acquire Community First Bank, based in Seneca, South Carolina. If regulators approve the transaction, the resulting financial institution – which will continue as Dogwood State Bank – will have assets of about $2.2 billion. ...
Charlotte-based Truist Bank recently announced it would continue to close branches and reduce its workforce in a $750 million cost-cutting effort first announced in September. But no branches in the Wilmington area will be among the “several dozen” Truist has announced it will shutter in March, according to bank spokesperson Amanda Meyers. She also sta ...
Wilmington, North Carolina, where coastal charm meets economic vibrancy, has experienced remarkable growth in its construction industry. The evolving skyline and the emergence of new projects prompt a closer look at the trends shaping Wilmington's construction landscape, recent accolades, and the challenges faced by builders and developers.
Trends Shaping Wil...read entire article
New arrivals to the North Carolina coast are often pleased with the amount of house they can buy here from the proceeds of their home in larger markets. The confusion and shock come later when they shop for homeowners insurance. So says Jared Cranford, director of personal lines and sales at Wells Insurance Co. in Wilmington. Newcomers, he said, “are not used to ...
At its meeting Feb. 20, the Wilmington City Council approved a five-year lease of just over 3,000 square feet in the Skyline Center to the Local Government Federal Credit Union. Moving into its own offices is a significant step for the credit union, which has enjoyed continued support from the State Employees’ Credit Union (SECU) since the two entities legal ...
The Council for Entrepreneurial Development (CED) released its Venture Report on Tuesday, evaluating all the venture capital raised in the state last year. As expected, 2023 was not a gold-star year for private investment in startups. Although $1.6 billion seems like a hearty figure, it is a four-year low for total funding in the state. The Wilmington area, categorized ...
University of North Carolina Wilmington officials announced the launch of the UNCW Blue Economy Financial Index early this month. The launch is the first step in establishing the index as a resource for investors to use when tracking the performance of the Blue Economy. Students at the university’s business school built the index over the past several months throu ...
A Wilmington-based mortgage company now has a unified reach throughout the state and into South Carolina. UMortgage, a nationwide platform that provides sales and organizational support for its member firms, announced this week that its branch in Wilmington has joined with UMortgage branches in Raleigh and Charlotte to create UMortgage Carolinas. Patrick Stoy, broker ...
The U.S. Small Business Administration is touting its success in expanding opportunities to a more diverse array of borrowers during the federal fiscal year that ended Sept. 30. “Highlights of the SBA’s FY23 lending include a notable increase in the number and value of 7(a) loans to small businesses across America, as well as a rise in the number of small-do ...
Wilmington-based firm nCino recently created a software solution aiming to ease banks’ aches and pains as they adapt to a new federal data requirement. The company enhanced its Small Business Banking Solution to allow the capture of relevant data required by the Final Rule issued last March by the Consumer Financial Protection Bureau (CFPB). That Final Ru ...
New Hotel Proposed Along Market Street In Ogden
Emma Dill
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Mar 15, 2024
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Businesses Reopen A Week After Grace Street Facade Collapse
Emma Dill
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Mar 15, 2024
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Tech Upskilling Cohort To Host First Wilmington Class
Audrey Elsberry
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Mar 15, 2024
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As John Willse and Beth Guertin, owners of Wilmington Wine bottle shop and now the recently opened Creative Tastings restaurant on Castle St...
Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...
A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.