Banking & Finance

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 ...

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Go Ahead, Change Your Mind!

Posted Oct 15, 2019
I once sat in on a meeting between a government official and the Executive Director of a non-profit. The official arrived, sat down at the table and immediately announced, “I will listen, but I’m not going to change my mind.” The ED and I were taken aback, because we both sensed that the meeting’s intent was already in jeopardy. I should have anticipated the official’...read entire article
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 ...

Oct 1, 2019

NCino Raises $80M

By Johanna Cano, posted Oct 1, 2019

Wilmington-based nCino has raised $80 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Tuesday. The banking software company acquired the funding from 31 investors, and it raised the total amount of money it was seeking to raise. nCino officials said in an email that they were not discussing any additional d ...

Sep 18, 2019

Live Oak Bank has provided more than $1 billion in loans to independent pharmacies in the country since 2010, according to a news release Wednesday. “Providing financing to community pharmacists creates an economic impact that goes beyond the point of sale,” Mike Bollinger, head of Live Oak’s pharmacy lending team, said in the release. “In suppor ...

Sep 6, 2019

Banks Aim To Cash In With New Names

By Jenny Callison, posted Sep 6, 2019

Companies often invest heavily in establishing a brand and building it. Why, then, do some change the name and the look that has distinguished them? In the local market, at least four financial institutions with a presence here have done just that in the past couple of years.   For Excite Credit Union, formerly Alliance Credit Union, the biggest motivator was to cla ...

Sep 6, 2019

Live Oak Debuts Quarterly Report For Businesses

By Jenny Callison, posted Sep 6, 2019

Live Oak Bank has launched a quarterly report that will provide analysis of business and economic issues, the bank announced last month.   Called BusinessPulse, the report “provides detailed analysis and reporting on economic position, economic confidence, and credit outlook for small and middle market companies,” officials said in a release. The data is ...

Sep 6, 2019

First Citizens Moving Closer To Entegra Merger

By Jenny Callison, posted Sep 6, 2019

With the approval of its shareholders at last month’s annual meeting, Entegra Financial Corp. is moving ahead on a merger agreement with First-Citizens Bank & Trust Co., according to a news release. First Citizens’ proposal to acquire Franklin, North Carolina-based Entegra through merger was first announced in April.   If the transaction secures regu ...

Aug 27, 2019

Live Oak Enters Venture Banking Industry

By Jenny Callison, posted Aug 27, 2019

Live Oak Bank is growing in a new direction.   The Wilmington-based bank has entered the arena of venture banking, meaning that it will begin offering financing and banking support to early-stage and expansion-stage venture-backed companies.   “Live Oak is an entrepreneurial company that focuses on technology and customer relationships, and we feel that ...

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Funding issues at the state level are impeding the ability to get future infrastructure going in the Wilmington area. And N.C. Department of...


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Pumpkins, a fruit part of the cucurbit family of plants, come in all sizes, colors and shapes and without a doubt, their presence in homes a...

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