Banking & Finance

Apr 25, 2019

In its first-quarter earnings report Wednesday, Live Oak Bancshares announced net earnings for the quarter of nearly $2.4 million, or 6 cents per diluted share. Those amounts were down significantly from the first quarter of 2018, when the bank holding company reported net earnings of $12.5 million or 30 cents per diluted share. Prior to the report, however, analys ...

Apr 24, 2019

As Wall Street anticipates the release Wednesday afternoon of Live Oak Bancshares' first quarter 2019 earnings report, analysts expect the company to report a decline in earnings. Revenues, according to investment research firm Zacks, are expected to be about $43 million, down just over 22% from those of Q1 2018. That level of revenue would equate to earnings per sh ...

Apr 22, 2019

Coastal Carolina Curling Club To Slide Into Own Facility

By Johanna Cano, posted Apr 22, 2019

Coastal Carolina Curling Club has plans to open its own curling facility in the surrounding Wilmington area as a response to the community's increasing interest in the winter sport. The club has outgrown the Wilmington Ice House, which is where members hold their practices, events and games, said Jason Allen, building committee chair with Coastal Carolina Curli ...

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County Construction Projects Stay on Budget & on Schedule

Posted Apr 17, 2019
In any construction project, whether it’s building a new home or renovating your kitchen, it’s important to know how much things will cost. And it’s even better to know you won’t go over budget.
 
That last point is key, as construction prices increase and the cost of materials goes up. Predicting how much a project will cost a year from now can be diffic...read entire article
Apr 12, 2019

Credit Union Unveils New Brand, Partnership

By Jenny Callison, posted Apr 12, 2019

Alliance Credit Union, with branches in Wilmington, has taken on a new name it feels reflects its mission. As of today, the financial institution is now called Excite Credit Union, officials announced. “In 1952, Alliance Credit Union was established with the mission of ‘people helping people,’" the news release stated. “The new name reflects ...

Apr 9, 2019

A Louisiana-based wealth management firm has established a new office in Wilmington that includes four former Live Oak Bank employees. Argent Financial Group Inc. recently announced the arrival in Wilmington of Argent Trust Co., saying that it has expanded its funeral and cemetery operation with the new office and the addition of three new members of its staff. Joini ...

Apr 5, 2019

What's Driving Car Loan Delinquencies?

By Jenny Callison, posted Apr 5, 2019

Earlier this year, economists at the New York Fed issued an alert: Auto loan delinquencies are seriously on the rise, as increasing numbers of borrowers fall behind on their payments.   Here is what Bankrate, a consumer financial services company, reported Feb. 12: “Some 7 million Americans are 90 days or more behind on their auto loan payments, new data rele ...

Apr 3, 2019

South State Bank is on the grow. Nearly 18 months after the merger of Charlotte-based Park Sterling Bank and Columbia, South Carolina-based South State, the bank is building on its greater asset size and broader North Carolina footprint. “We’re in a great spot in terms of our size – just under $15 billion,” said Bryan Kennedy, the bank’s di ...

Mar 29, 2019

Military Mortgage Company To Open Wilmington Office

By Jenny Callison, posted Mar 29, 2019

AAFMAA Mortgage Services LLC, a wholly owned subsidiary of the American Armed Forces Mutual Aid Association (AAFMAA), will open an office in Wilmington next week. The office, located at 1430 Commonwealth Drive, Suite 202, will serve active-duty and retired military personnel and their families with mortgage lending. A grand opening will take place at 4 p.m. on Thursday. ...

Mar 27, 2019

NCino CEO Details 'unicorn's' Growth, Keys To Success

By Jenny Callison, posted Mar 27, 2019

Pierre Naudé, CEO of banking software company nCino, gave his audience some behind-the-scenes insights about the company's rapid rise to becoming what some have called Wilmington's unicorn. The term "unicorn," as it applies to the business world, refers to a privately held company that is valued at $1 billion or more.   Naudé spoke We ...

Mar 22, 2019

Friends School of Wilmington plans to break ground next week on phase one of the school's unified campus Building Friends project, at 5814 Camellia Lane in Wilmington. Phase one will provide improvements to Camellia Lane, a new entrance to the school’s unified campus and re-engineering of stormwater drainage and utilities, according to a news release. The g ...

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