Banking & Finance

Apr 23, 2018

South State-Park Sterling Merger Now Complete

By Jenny Callison, posted Apr 23, 2018

The signage has changed, and the computers are talking to each other. As of Monday, systems conversion – the last step in the merger of Columbia, South Carolina-based South State Bank and Charlotte-based Park Sterling Bank – has been completed. “Last year, I said South State Bank wanted a larger presence in North Carolina,” South State President ...

Apr 23, 2018

Live Oak Bank Names New President

By Jenny Callison, posted Apr 23, 2018

Live Oak Bancshares has selected a former Goldman Sachs partner to lead its bank, the Wilmington-based company announced Monday morning. Huntley Garriott will become president of Live Oak Bank, starting around Oct. 1, according to a news release, which stated that Garriott “will bring a wealth of experience as the bank continues to expand into new industries, prod ...

Apr 20, 2018

Rates, Mortgage Demand On The Rise

By Jenny Callison, posted Apr 20, 2018

Mortgage rates may be inching up, but demand for mortgages remains strong in the Wilmington market, say brokers.   “Basically, we’ve seen no slowdown; we’re still seeing an increase,” said Jeff Gilley, sales director at Alpha Mortgage. “I really don’t believe a person buying a house at 4 percent [interest rate] is going to stop be ...

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Using Building & Design Principles to Improve Employee Engagement

Posted Apr 16, 2018
Shifts in the way people work, communicate and learn have led to changes in the way spaces are designed, built and used. Understanding this evolving landscape can help business leaders better serve employees and optimize their performance.

W.M. Jordan Company’s Wilmington, N.C. office has six times the number of employees than when we started just six short years ago. Finding ...read entire article
Apr 6, 2018

Wilmington’s Future In Fintech

By Jenny Callison, posted Apr 6, 2018

Could the presence of two fast-growing financial technology companies in Wilmington spur the growth of the area as a fintech hub, just as the development of PPD launched a contract research cluster here? State and local officials think it’s possible. Wilmington has already become a fintech hot spot, said James “Chip” Mahan, chairman and CEO of Live ...

Mar 23, 2018

Partnership Aims To Speed, Enhance NCino Services

By Jenny Callison, posted Mar 23, 2018

A new partnership announced by nCino is aimed at speeding innovation and enhancing the services the Wilmington-based company provides to its client banks and credit unions.   The firm announced that it is teaming up with Enforce LLC, a San Francisco-based consulting firm specializing in the implementation of cloud applications. The alliance “is focused on prov ...

Mar 23, 2018

Firm Adds Broader Perspective

By Jenny Callison, posted Mar 23, 2018

When the members of Lumina Wealth Management want to add a national or international perspective to their conversations with clients, they have a resource at their fingertips: economist Gina Sanchez.   Sanchez, founder and CEO of Los Angeles-based Chantico Global, is retained by the firm as a member of Lumina’s investment policy team. Also a contributor on CNB ...

Mar 21, 2018

To build a foundation for success, companies must listen and learn from diverse voices. That was the primary message UNCW students heard Wednesday from First Data chairman and CEO Frank Bisignano.   Bisignano’s talk, titled “Diversity and Inclusion: Building Blocks for Better Business,” was Wednesday’s keynote presentation during Business Wee ...

Feb 26, 2018

What's Next For Live Oak?

By Cece Nunn, posted Feb 26, 2018

Live Oak officials are discussing plans for a fourth structure on the bank's Wilmington campus that could bring companies to the Port City to develop the next generation of banking technology, as a third Live Oak office building and a parking deck with a fitness center are already under construction.  The idea would be to use the additional office building, and ...

Feb 23, 2018

How To Give, Despite Deduction Increase

By Jenny Callison, posted Feb 23, 2018

Wilmington-area nonprofits, like their counterparts across the country, are watching to see what happens to charitable contributions in 2018. As part of its tax reform package passed in December, Congress nearly doubled the amount of the standard deduction. Starting with the 2018 tax year (taxes that will be filed next year), the new measure increases the standard deduc ...

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 ...

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