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 ...

After five years on Parker Farm Drive in Mayfaire, the combined offices of TowneBank Mortgage and Towne Insurance now have a permanent home. Monday, the companies announced that they have moved into their new regional headquarters at 1022 Ashes Drive, in Renaissance Park, off Military Cutoff Road.   TowneBank Mortgage and Towne Insurance are the anchor tenants of th ...

Wilmington will have a presence next week at one of the largest commercial real estate conferences in the world, according to a news release from Cape Fear Realtors. Tony Harrington, of the Property Shop International Realty and CFR's president-elect, is attending the 30th edition of Le marché international des professionnels de l’immobilier (The I ...

Pierre Naudé will tell you he doesn’t like talking about himself; he much prefers talking about the company he leads: banking software producer nCino. And there is plenty to talk about.   Since Naudé was named CEO to guide nCino’s spinoff from Live Oak Bank in 2012 as a separate tech entity, the company has grown its client portfolio to 250 ...

North Carolina-based BB&T will buy SunTrust in an all-stock deal, creating the sixth-largest bank in the U.S., officials announced Thursday morning.   The combined bank, under a new name, would have about $442 billion in assets, $301 billion in loans and $324 billion in deposits through the merger, which if approved, is valued at $66 billion, according to the an ...

Mortgage lenders say they are seeing the last of storm clouds and they predict blue skies ahead in 2019.   Robert Throne, president and owner of Port City Mortgage, expressed his confidence in a brisk new year.   “The market here, it’s always been good,” Throne said.   “Unfortunately, there is not enough inventory. In-demand hou ...

In late 2018, banking software company nCino announced it was named to the Forbes Cloud 100, a ranking of the top 100 private cloud-based companies in the world. The Wilmington enterprise landed at 24. It was one of only three North Carolina businesses to make the list: Bill processor AvidXchange, based in Charlotte, was 42; Raleigh-based communications company Pendo ca ...

The president of Wilmington-based Live Oak Bank has purchased an additional 20,000 shares in the bank. Huntley Garriott purchased 20,000 shares in multiple transactions at prices ranging between $13.53 and $13.92 a share, according to a Form 4 filed with the Securities and Exchange Commission. Garriott, a former partner at Goldman Sachs, joined the bank last year and ...

Live Oak Bancshares' reported earnings for the fourth quarter of 2018 were down significantly from those of the same period in 2017, according to the company's announcement Wednesday.   Fourth quarter net earnings available to common shareholders were $10.5 million, or $0.26 per diluted share, compared to $71.7 million, or $1.74 per diluted share, for the fo ...

Live Oak Ventures has invested an undisclosed amount in KWIPPED Inc., which will be used by the B2B company to bring in new talent and add suppliers to meet consumer demand. “With their robust fintech expertise, forward-thinking leadership and proven track record for success, Live Oak Ventures is perfectly aligned to support our growth objectives and we are both h ...