Banking & Finance

Dec 14, 2018

Top Stories No. 6: Live Oak’s Expansion Continues

By Johanna Cano, posted About 6 hours ago

A new subsidiary, leadership changes and construction were part of Live Oak Bancshares’ year, marking the company’s continued growth and influence in Wilmington’s fintech industry. In February, Live Oak Bancshares launched Canapi Inc., formerly known as Live Oak Ventures. Canapi invests in companies that supply banks and credit unions with innovativ ...

Nov 30, 2018

Live Oak Bank Earns USDA Lending Kudos

By Jenny Callison, posted Nov 30, 2018

Although it has made its name primarily as an SBA lender, Live Oak Bank has expanded into the realm of U.S. Department of Agriculture loans. Success in that niche has earned the Wilmington-based bank a new accolade: It was named 2018 Lender of the Year by the USDA’s Rural Business and Cooperative Service. Live Oak was presented the award Oct. 24 for being the h ...

Nov 30, 2018

Removing More Digital Banking Barriers

By Jenny Callison, posted Nov 30, 2018

Online and mobile banking isn’t convenient if the processes don’t work well. That reality prompted the development of a new component for nCino’s Bank Operating System. The Wilmington financial technology company announced in mid-November the launch of its Enterprise Onboarding solution, which the company terms a “significant enhancement” t ...

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Infinity Payment Systems

What is EMV and Am I Liable?

Posted Dec 5, 2018
EMV chip technology has been rolling out to consumers and merchants all over the United States. 

As of Oct. 1, 2015, if you have not adopted chip technology, you may be liable for the full amount of the transaction. Understanding how this liability shift affects your business can help protect you from liability exposure.


Scenario 1...read entire article

Nov 30, 2018

Paying For Retirement

By Jenny Callison, posted Nov 30, 2018

Come Feb. 1, her 66th birthday, Karen Edwards will embark upon a new adventure. She won’t report to her lab at New Hanover Regional Medical Center’s Medical Mall. She won’t have a set schedule every day. She will be retired. “I will definitely miss it,” she said of her work, which she describes as the best nursing job she has ever had. &ldq ...

Nov 28, 2018

Live Oak Expands Into Commercial Real Estate Lending

By Cece Nunn, posted Nov 28, 2018

Live Oak Bank announced Wednesday that the Live Oak Bancshares Inc. (Nasdaq: LOB) subsidiary is expanding its lending services by offering products for commercial real estate and asset-based financing, as well as increasing its small business financing team. The Wilmington-based bank is providing conventional loans for commercial real estate projects including office an ...

Nov 26, 2018

Live Oak Bank's former president will leave the organization at the end of this week. Scott Custer, who serves in a senior position within Live Oak Bancshares, informed Live Oak officials Nov. 19 that he would resign effective Nov. 30. The news was disclosed that same day by Live Oak in a filing with the Securities and Exchange Commission.   Custer joined Live O ...

Nov 2, 2018

Bank’s Rebranding Initiative Complete

By Jenny Callison, posted Nov 2, 2018

The signs are up, the systems are updated, and the staffers have most­ly mastered the Bank of the Ozarks’ new name.      The transition of the Arkan­sas-based bank to its new moniker, Bank OZK, has gone well, according to Ryan Tanner, the bank’s Wilming­ton market president.      “We were official [as Bank OZK ...

Nov 2, 2018

NC Business People Optimistic, Survey Shows  

By Jenny Callison, posted Nov 2, 2018

While North Carolina business people are slightly less optimistic about the economy this fall, their outlook is still more positive than it was a year ago, according to PNC Bank’s semiannual survey of small and middle-market business owners and executives in the state.   “Historic optimism about the national economy from spring (48 percent) chilled sligh ...

Nov 2, 2018

FDIC Report Shows Market Share Shifts

By Jenny Callison, posted Nov 2, 2018

What do the latest data from the FDIC tell us about banking in the Wilmington market?   The FDIC’s yearly report, re­leased last month, showing bank deposits and market share as of June 30, 2018, points to sev­eral changes in the local finan­cial landscape since the June 30, 2017 report was issued. For one thing, the Wilmington market shed two ret ...

Nov 2, 2018

Live Oak President Talks Experience, Future Of Banking

By Johanna Cano, posted Nov 2, 2018

Huntley Garriott, Live Oak Bank's new president, this week talked to UNCW students about his experience working at Goldman Sachs Group Inc. and what the future of banking might look like. The lecture was part of the 2018-19 Chancellor’s Distinguished Lecture Series at the University of North Carolina Wilmington on Thursday. Chip Mahan, Live Oak chairman and CE ...

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In The Current Issue

Top Stories No. 5: Industrial Companies Announce Investments

2018 Year in Review: New jobs and investment came to the Wilmington area or are in the works because of a series of industrial announcements...


Top Stories No. 7: Vertex Railcar Reaches End Of The Line

2018 Year in Review: Vertex Railcar Corp.’s four-year journey in Wilmington appeared to be over as news hit of its pending closure by the ra...


Downtown Still In Demand, Despite Vacancies

Real estate professionals say empty storefronts along Front Street and elsewhere in downtown Wilmington aren’t indicative of a declining mar...

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