Banking & Finance

Apr 3, 2020

Apiture Partners With Texas-based Firm

By Jenny Callison, posted Apr 3, 2020

Wilmington-based financial technology firm Apiture’s choice of a tech partner enabled it to move its clients from a legacy data system to the cloud-based Amazon Web System (AWS).   A recent news release stated that Apiture, which serves hundreds of banks and credit unions across the U.S., chose Austin, Texas-based TrustGrid to complete that project in just one ...

Apr 2, 2020

One day before they can begin processing applications for the Paycheck Protection Program, the federal government’s new business relief initiative, SBA lenders are working feverishly to prepare for an anticipated high level of demand for the loans.   "Both BB&T and SunTrust, now Truist, have already seen a tremendous amount of applications for not onl ...

Mar 20, 2020

Analysts See Positive Trend For PPD, Live Oak Stocks

By Jenny Callison, posted Mar 20, 2020

Both of Wilmington’s public companies have – not surprisingly – seen their stocks tumble in recent weeks. PPD re-emerged as a public company on Feb. 6 of this year. Its shares sold for $27 and quickly climbed to more than $32, but amid this week’s market turmoil, they dropped to $12. It closed on Friday at $14.52. Live Oak Bancshares went publ ...

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Businesses Need To Take Coronavirus Action Today

Posted Mar 31, 2020
It is our goal to help businesses survive this economic storm and for them to come out stronger on the other side. There has been a ton of content pushed out about the Family First Coronavirus Response Act (FFCRA) and the ...read entire article
Mar 6, 2020

Live Oak Bank Outlines Growth Plans

By Jenny Callison, posted Mar 6, 2020

Live Oak Bank’s plans for 2020 include introducing new deposit products, keeping small business lending stable and enhancing its technology. That’s according to remarks made by Huntley Garriott, the bank’s president, about Live Oak’s core activities during the bank’s earnings call in January. “In 2020, we will continue on the same cou ...

Feb 25, 2020

Innovative Financial Group Announces Partnership

By Jenny Callison, posted Feb 25, 2020

Wilmington insurance firm Innovative Financial Group announced Tuesday that it has completed a partnership agreement with Elite Insurance Group. Elite Insurance, based in Reidsville, Georgia, is a distributor of health insurance products and specializes in the senior market. As part of this specialty, the news release stated, EIG agents work with older adult clients to ...

Feb 20, 2020

Canapi Ventures Makes Another Fintech Investment

By Jenny Callison, posted Feb 20, 2020

Canapi Ventures, co-led by Live Oak Bancshares’ CEO James “Chip” Mahan, announced it has participated in a $50 million equity financing round by San Francisco-based Nova Credit. Although Canapi was described in an announcement by Nova Credit as a “major participant” in the capital raise, the amount of Canapi’s investment was not discl ...

Feb 7, 2020

Baking Up A Sweeter Retirement

By Jenny Callison, posted Feb 7, 2020

Rob Cooley, owner of Apple Annie’s Bake Shop, wishes he could help his employees save for retirement by matching – up to a certain point – their contributions to a retirement account.   “We’ve been talking about something like this at Apple Annie’s for years,” Cooley said, but the barrier has been being able to afford it as ...

Jan 30, 2020

A mortgage company that moved its headquarters to Wilmington is already heading to a larger office, according to a news release Thursday. SeaTrust Mortgage Co., a subsidiary of Community First Bank, is relocating from 1508 Military Cutoff Road, Suite 203, to 1001 Military Cutoff Road, Suite 350, the release stated.  The new office space is about 5,000 ...

Jan 22, 2020

Investors Commit $545M To Local Venture Capital Firm

By Jenny Callison, posted Jan 22, 2020

A venture capital firm co-founded in February 2018 by Live Oak Bancshares chairman and CEO James “Chip” Mahan announced Wednesday it has received major investor commitments. Canapi Ventures, which invests in early- to growth-stage financial technology companies, has been promised $545 million from a “robust” institutional investor base, according ...

Jan 20, 2020

Live Oak Bank Sprouts A Presence In Raleigh

By Jenny Callison, posted Jan 20, 2020

Live Oak Bank is putting down roots in a second location.   While the Wilmington-based bank is adhering to its no-branches business model, earlier this month it hosted a grand opening for its satellite office on the N.C. State University Centennial Campus in Raleigh (at left). The new location houses Live Oak Labs, Live Oak’s technology unit, as well as some c ...

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In The Current Issue

On The Home Office Front

No matter how you cut it, say it – or even punctuate it – hundreds of thousands, if not millions, of Amer­icans are doing it because of the...


Apiture Partners With Texas-based Firm

Wilmington-based financial technology firm Apiture’s choice of a tech partner enabled it to move its clients from a legacy data system to th...


Area Attorneys Chosen For 2020 Legal Elite List

Hundreds of lawyers made Business North Carolina magazine’s Legal Elite list this year. The group included Wilmington-area lawyers....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

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