Banking & Finance

Jan 10, 2022

SimpleNexus, a provider of homeownership software, is officially a part of nCino. The Wilmington-based financial institution software company announced Monday that its acquisition of SimpleNexus is complete. The transaction, announced in November, was valued at $1.2 billion and consisted of about 12.75 million shares of nCino common stock and about $270 million in cash. ...

Jan 7, 2022

What's In Store For Banks In 2022

By Jenny Callison, posted Jan 7, 2022

The new year is likely to bring a continuation of some current banking trends as well as some new developments affecting the industry. That’s according to Peter Gwaltney, president and CEO of the N.C. Bankers Association. In a recent interview, Gwaltney summarized his perspectives.   MORE MOBILITY   “I do think we’ll see a continuing expansi ...

Dec 23, 2021

The recently completed merger of Riegelwood Federal Credit Union with Charleston, South Carolina-based REV Federal Credit Union has significantly expanded the products and services available to Riegelwood members, according to a REV spokesman.   “Members now have access to business services, like business credit cards and business checking,” said Dustin ...

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This Year, Resolve To Make A Plan

Posted Jan 15, 2022
What would happen if you were severely injured in a car accident or suddenly had a major medical emergency and you were not able to communicate with those who were to provide your care? Who would speak for you? Would they know what medical interventions you wanted or did not want?

With the proper conversations and documents, you can make sure your healthcare wishes are honored, even...read entire article
Dec 3, 2021

Apiture Forms New Partnership, Earns High Industry Ranking

By Jenny Callison, posted Dec 3, 2021

It’s been an eventful week for Wilmington financial technology firm Apiture.   Tuesday, the company announced that it has partnered with Alacriti, a fintech company that develops new ways for customers of credit unions and banks to make loan payments across a variety of channels and methods. Customers can also select whether to make a payment one time, on a re ...

Dec 3, 2021

A Look Back At Banking In 2021

By Jenny Callison, posted Dec 3, 2021

Despite woes in some sectors of the U.S. economy, banks performed well during the FDIC fiscal year ended June 30 according to observers. In late May, Tim Adams, chief executive of the Institute of International Finance, said U.S. banks were likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain strong. &n ...

Dec 2, 2021

NCino Reports Higher Revenues, Higher Costs For Q3

By Jenny Callison, posted Dec 2, 2021

Banking software company nCino reported increased revenues Wednesday for the third quarter of its 2022 fiscal year. The quarter ended Oct. 31.   Total revenues for the third quarter of FY 22 were $70 million, a 29% increase from total revenues of $54.2 million during the third quarter of FY 2021, the company reported. Subscription revenues – payments for ongoi ...

Nov 30, 2021

Plans are on track for Live Oak Bank to open an inclusive small business center in downtown Wilmington next year. Bank officials said in May that Live Oak leased 5,000 square feet at 106 Market St., above the restaurant Seabird, for the center, which has been dubbed "Channel." A sign for Channel has been installed on the building, an historical structu ...

Nov 29, 2021

Customers Bank Enters Wilmington Market

By Jenny Callison, posted Nov 29, 2021

A community bank specializing in business services is moving into the Carolinas, choosing Wilmington for its first location. Customers Bank, headquartered in Reading, Pennsylvania, is a digital-forward financial institution with nearly $20 billion in assets, according to a news release.   The Wilmington team, which will serve businesses and their principals, is head ...

Nov 16, 2021

NCino To Buy SimpleNexus In Deal Valued At $1.2B

By Staff Reports, posted Nov 16, 2021

Wilmington-based cloud banking software firm nCino Inc. plans to buy a digital mortgage platform in a transaction valued at $1.2 billion, according to an announcement Tuesday. nCino (Nasdaq: NCNO) has entered into a definitive agreement to acquire SimpleNexus for about $240 million in cash and 13.2 million shares of nCino common stock, a news release stat ...

Nov 10, 2021

To allow banking consumers to open checking and savings accounts virtually, Wilmington-based Apiture has partnered with MeridianLink, a digital account opening and loan origination software, according to a press release.   MeridianLink Opening solution will integrate with the Apiture Xpress digital banking system, allowing Apiture’s bank and credit union clien ...

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