Banking & Finance

Nov 18, 2022

Evidence of nCino’s growth was on full display Thursday as the banking software company cut the ribbon on its newest office building in the Mayfaire office park. nCino 2, as it’s called, boasts 90,000 square feet of office space and contains conference rooms, cubicles, offices for business visitors, a kitchen and a “stairtorium,” an amphitheater- ...

Nov 4, 2022

Money Matters As Year's End Approaches

By Jenny Callison, posted Nov 4, 2022

The end of 2022 is approaching, as holiday displays and – perhaps – reminders from accountants and other tax professionals make all too clear. This month, three financial advisers offer their perspectives on money matters for the remainder of the year.   Scott Winslow, Managing Partner, Nabell Winslow Wealth Management   “In financial planni ...

Nov 3, 2022

Live Oak Reports Positive Earnings For The Recent Quarter

By Jenny Callison, posted Nov 3, 2022

Wilmington-based Live Oak Bancshares released an upbeat quarterly earnings report last week, with results that beat analysts’ expectations. “LOB came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.45 per share,” Zacks Equity Research reported Oct. 26. “This compares to earnings of $0.76 per share a year ...

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Recognizing Women-Owned Small Businesses

Posted Oct 21, 2022
Oh, how far we’ve come! Women business owners, I’m talking to you! 
 
Starting, working, running, and owning a business is hard. I can’t imagine what it was like for all the women who came before me who had to overcome many more obstacles. Obstacles like needing a male relative to co-sign a business loan if they wanted to pursue financing for their busines...read entire article
Oct 7, 2022

Rising Interest Rates Impact Housing

By Jenny Callison, posted Oct 7, 2022

The frenzy that drove the area’s residential real estate market has relaxed somewhat in the past two months, thanks to climbing mortgage interest rates and a growing inventory of homes for sale.   “The Fed wants to slow down inflation. One of the largest contributors has been the housing market as it is the largest asset purchase most Americans make,&rdq ...

Sep 21, 2022

Customers Bank Celebrates Anniversary With Chamber Event

By Jenny Callison, posted Sep 21, 2022

An upcoming ribbon-cutting event at the Wilmington Chamber of Commerce both celebrates the entry of Customers Bank into the area market and provides an opportunity for the bank to report on its first nine months.   On Monday, the chamber will host an event on its lawn to mark the occasion and give Customers’ local staff an opportunity to thank those who have w ...

Sep 8, 2022

Wilmington-headquartered Live Oak Bank could have grown somewhere else, even somewhere outside North Carolina. And bank officials anticipate that Live Oak's reach will do just that. “We have 30 lenders in other towns throughout the United States. And we have an office in Dallas; we have an office in Santa Rosa. We have a presence in Atlanta and Charlotte, a ...

Sep 7, 2022

Live Oak To Hire 200, Expand Campus

By Cece Nunn, posted Sep 7, 2022

In one of the biggest economic development announcements for the Wilmington area in recent years, Live Oak Bank officials said Wednesday they plan to add 204 jobs over the next five years and invest $25 million in expanding their midtown Wilmington campus, an effort acknowledged by local and state incentives. Gov. Roy Cooper formally shared the state incentive news Wedn ...

Sep 2, 2022

NCino Reports Strong Q2 Revenues, Predicts Continued Growth

By Jenny Callison, posted Sep 2, 2022

nCino’s fortunes and future prospects keep rising, as its report for the second quarter of its 2023 fiscal year demonstrates. In most areas, its numbers for Q2 are better than those for both the same period of FY 22 and for Q1 of this fiscal year, which began Feb. 1.   In a news release and subsequent conference call Wednesday afternoon, nCino officials report ...

Sep 2, 2022

Student Loans Require Own Education

By Jenny Callison, posted Sep 2, 2022

Student loans – more precisely, student loan forgiveness – is all over the news these days. After months of rumors, hints and hypotheticals, on Aug. 24 President Joe Biden announced his plan to forgive $10,000 of federal student debt to individuals earning less than $125,000 annually, or to couples earning less than $250,000 annually if they file their tax retu ...

Aug 31, 2022

Corning Credit Union Expands Into South Carolina

By Jenny Callison, posted Aug 31, 2022

Having established a strong market base in the greater Wilmington area, Corning Credit Union is stretching its footprint across the border into Horry County, South Carolina.   Last March, the New York-based financial institution opened a service center in Surfside Beach, part of the Myrtle Beach market. And this week, CCU officially cuts the ribbon on that location ...

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