Banking & Finance

Sep 19, 2018

Open For Business: New Announcements (Sept. 19)

By Johanna Cano, posted Sep 19, 2018

More area businesses are opening Wednesday following impacts of Hurricane Florence. Below is a running list of some of those locations. Financial Services - Adam Shay CPA, PLLC, 1721 Allens Lane, Suite 210, is open for business during its regular hours. Contact them at 256-3456. - Pathfinder Wealth Consulting, 4018 Oleander Drive, Suite 102, will open Thursday from 8 ...

Sep 13, 2018

On Account Of Florence, Bank Branches Close In Wilmington

By Christina Haley O'Neal, posted Sep 13, 2018

Many Wilmington-area banks closed Thursday as Hurricane Florence, a Category 2 storm, got closer to making landfall. Wells Fargo closed 47 branches Thursday in Eastern North Carolina in preparation for the arrival of Florence, according to a news release. That involves nine branches in Wilmington, including its downtown location at Third and Grace streets, the bank bran ...

Sep 7, 2018

Commercial Lending Increases For Area Banks

By Jenny Callison, posted Sep 7, 2018

Regional banks are working to expand their portfolios through commercial lending, according to a recent report from Reuters.   In a piece published in July, the international news outlet stated, “U.S. regional banks are ramping up commercial lending to compete more aggressively with their national rivals … Most of the big regional lenders reported doubl ...

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Marty Cayton
TeamLogic IT of Wilmington & Fayetteville

Are You Ready for GDPR?

Posted May 15, 2018
May 25 is an important deadline for many businesses, and it’s coming up fast.

The deadline has to do with the General Data Protection Regulation (GDPR), and numerous U.S. businesses have been working hard to become compliant to avoid stiff penalties. Although larger companies that routinely deal with an individual’s personal information are aware of and working on entire article
Sep 7, 2018

Live Oak Reports Growth In Second Quarter

By Jenny Callison, posted Sep 7, 2018

Wilmington-based Live Oak Bancshares (Nasdaq: LOB) logged another successful quarter, according to a July 25 release from the company.   Live Oak reported second quarter net earnings available to common shareholders of $14.3 million, or $0.34 per diluted share, compared to $9.8 million, or $0.27 per diluted share, for the second quarter of 2017. That’s a 46 pe ...

Sep 6, 2018

Bank Of The Ozarks Rebrands

By Jenny Callison, posted Sep 6, 2018

Bank of the Ozarks, which has one Wilmington branch, has changed its name as it seeks to expand geographically.   The new name, official as of July 16, is Bank OZK.   In March, American Banker quoted the bank CEO George Gleason as saying the name change would free the bank from the limitations of a name tied to a specific geographic region.   “Ou ...

Sep 4, 2018

Live Oak Bank Launches Wealth Management Arm

By Jenny Callison, posted Sep 4, 2018

Wilmington-based Live Oak Bank announced Tuesday that it has launched Live Oak Private Wealth. The new entity aims to give wealthy individuals and families "the wealth and investment management strategies they need to pursue their financial goals," according to a news release from Live Oak Bancshares, parent company of Live Oak Bank.   Managing dir ...

Aug 10, 2018

NPF Corp. Acquires Aquesta Insurance

By Jenny Callison, posted Aug 10, 2018

Aquesta Insurance Services, formerly part of Cornelius, North Carolina-based Aquesta Bank, has a new owner.   On July 2, insurance broker NPF announced that it had acquired the insurance entity. Terms were not disclosed.   Based in New York City, NFP Corp. provides employee benefits, property and casualty insurance as well as retirement products.   Aqu ...

Aug 10, 2018

Corning Credit Union Adds Hampstead Location

By Jenny Callison, posted Aug 10, 2018

Corning Credit Union is on the grow again.   In late June, the Corning, New York-based financial institution opened its fifth Wilmington-area location, a lending and membership center in Hampstead. It is located near Lowes Foods in Hampstead Town Center on U.S. 17.   CCU members can visit the center to open deposit accounts, apply for consumer loans, deposit ...

Aug 10, 2018

Apiture Launches Banking Features

By Jenny Callison, posted Aug 10, 2018

Two new banking tools introduced by Wilmington-based Apiture are designed to help banks give customers a better handle on their spending.   The features, My Spending and Spendable Balance, are “based on extensive user research focused on understanding where consumers struggle with money management,” according to a news release from Apiture, which opened ...

Aug 7, 2018

Live Oak Bancshares CEO Buys $1.2M In Stock

By Chris Roush, posted Aug 7, 2018

The CEO of Live Oak Bancshares Inc. bought nearly $1.2 million in company stock last week, according to a filing with the Securities and Exchange Commission. James “Chip” Mahan III bought 40,200 shares of the Wilmington-based company’s stock in two transactions Aug. 1. In one transaction, he bought 600 shares for $29 each. In the other transaction ...

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In The Current Issue

Marpac Adds Tools For Better Sleep

Wilmington-based Marpac is crashing further into the sleep industry with a line of products to help people get shut eye....

WordPress Conference Cancels Due To Hurricane   

WordCamp Wilmington was among the events canceled because of Hurricane Florence....

Info Junkie: Densay Sengsoulavong

Info Junkie Densay Sengsoulavong, Government affairs director for the Cape Fear Realtors Association, on his tech picks...

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