Live Oak Bank has provided more than $1 billion in loans to independent pharmacies in the country since 2010, according to a news release Wednesday. “Providing financing to community pharmacists creates an economic impact that goes beyond the point of sale,” Mike Bollinger, head of Live Oak’s pharmacy lending team, said in the release. “In suppor ...

Companies often invest heavily in establishing a brand and building it. Why, then, do some change the name and the look that has distinguished them? In the local market, at least four financial institutions with a presence here have done just that in the past couple of years.   For Excite Credit Union, formerly Alliance Credit Union, the biggest motivator was to cla ...

Live Oak Bank has launched a quarterly report that will provide analysis of business and economic issues, the bank announced last month.   Called BusinessPulse, the report “provides detailed analysis and reporting on economic position, economic confidence, and credit outlook for small and middle market companies,” officials said in a release. The data is ...

With the approval of its shareholders at last month’s annual meeting, Entegra Financial Corp. is moving ahead on a merger agreement with First-Citizens Bank & Trust Co., according to a news release. First Citizens’ proposal to acquire Franklin, North Carolina-based Entegra through merger was first announced in April.   If the transaction secures regu ...

Live Oak Bank is growing in a new direction.   The Wilmington-based bank has entered the arena of venture banking, meaning that it will begin offering financing and banking support to early-stage and expansion-stage venture-backed companies.   “Live Oak is an entrepreneurial company that focuses on technology and customer relationships, and we feel that ...

Live Oak Bancshares has been named as one of Fortune’s 100 Fastest-Growing Companies in the world, ranking in as No. 36. The Wilmington-based company ranked on Fortune's list based on its three-year revenue, profit and stock return performance. “We strongly believe in a model of soundness, profitability and growth, in that order, and we are proud ...

A newly formed mortgage company has plans to establish its headquarters in Wilmington, expecting to grow its workforce to more than 100 in a couple of years, officials announced Thursday. SeaTrust Mortgage Co., a subsidiary of South Carolina-based Community First Bank, plans to bring 15 to 20 jobs by the end of the year and grow to more than 100 jobs by 2021, John Owens ...

Over the past several years, the Military Cutoff/Eastwood Road area has attracted significant banking activity, measured by the amount of deposits at each bank branch in New Hanover County.   An analysis of branch-by-branch deposit totals as of June 30, 2018, the most recent available through the FDIC website, shows that only two of New Hanover County’s 11 lar ...

Live Oak Bank's earnings per share inched higher than that of the first quarter of 2019, according to the bank's Q2 earnings call after markets closed Wednesday. For the second quarter of 2019, officials reported net earnings available to common shareholders of $4.9 million, or 12 cents per diluted share. This figure was twice the EPS the bank reported for Q1 of ...

Wilmington-based banking software company nCino has announced the opening of an office in Toronto to support the adoption of nCino's Bank Operating System within Canadian financial institutions. The Toronto office is nCino's fourth. In addition to its world headquarters in Wilmington, the software company has locations in London, England and Sydney. nCino see ...