Banking & Finance

Jul 12, 2019

NCino Expands In North America

By Jenny Callison, posted Jul 12, 2019

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 ...

Jul 5, 2019

Banks Offer Non-traditional Housing Loans

By Jenny Callison, posted Jul 5, 2019

As affordable housing becomes ever more scarce, people are looking to alternatives to single-family homes and apartments. One option is mobile homes.   In recent years, mobile home manufacturers have upgraded the quality of materials and the amenities available in their products, said Chris Shugart, South State Bank’s mortgage sales services and technology dir ...

Jul 5, 2019

BB&T, SunTrust Announce Merged Name

By Jenny Callison, posted Jul 5, 2019

After talking to its employees, clients and partners as well as working with a branding firm, BB&T and SunTrust Bank chose a name for their proposed merged entity: Truist Financial Corp.   The rebranding will go into effect after the merger is finalized later this year. The transaction is awaiting regulatory approval.   The new name, announced June 12, re ...

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2019 Homebuilding Market Demand & Pricing

Posted Apr 1, 2019

How does Wilmington’s housing market compare to similar markets across the country in terms of demand and pricing?  

BILLY ELMORE: The activity, as far as showings, dropped a little bit when...read entire article

Jun 7, 2019

Bank Of America To Close Downtown Wilmington Branch

By Jenny Callison, posted Jun 7, 2019

Bank of America has announced that it is closing its downtown Wilmington branch effective Jan. 28, 2020. The news was sent first via email Friday morning to customers affiliated with that branch – or financial services center, as the bank terms its locations – at 319 N. Third St.   Accounts at the downtown branch will be transferred to Bank of America ...

Jun 7, 2019

Firms Navigate Latest Tax Law Changes

By Jenny Callison, posted Jun 7, 2019

During tax season this year, media reports indicated that the many changes in the Tax Cuts and Jobs Act of 2018 were producing confusion among individuals and businesses as they prepared their tax returns. Did this scenario play out among business filers locally?   Rob Wagner, a tax partner with the Wilmington office of RSM US LLP, said there were many provisions of ...

Jun 7, 2019

First Carolina To Open Full-service Branch

By Jenny Callison, posted Jun 7, 2019

First Carolina Bank, which has maintained a loan production office in Wilmington since September 2017, will open a full-service branch here. The new branch will occupy about 8,500 square feet in Bradley Creek Station, a new 80,000-square-foot office building that will be built on Oleander Drive.   The project is by SAMM Properties Inc., led by developer Steve Anders ...

Jun 5, 2019

Credit Union Opens New Regional Office

By Jenny Callison, posted Jun 5, 2019

Three stories, 43,709 square feet, two full-service ATMs: those are a few of the numbers for Corning Credit Union's new North Carolina Regional Office, which opened with a ribbon cutting ceremony Wednesday (at right). The new building, off 17th Street Extension, replaces CCU's former branch in nearby Fulton Station. Wilmington City Council member Charlie Rive ...

May 9, 2019

A recent chain of transactions involving Morehead City-based Sound Bank has freed the bank to become the building block for an entirely new statewide community bank. Sound Bank, which has one office in Wilmington, had become part of Raleigh-based West Town Bancorp Inc. in 2017. West Town announced this week in a news release that it had sold a “substantial portion ...

May 7, 2019

Fed District President Shares Insights With UNCW Audience

By Jenny Callison, posted May 7, 2019

Attendees at a “fireside chat” Monday afternoon at UNCW’s Cameron School of Business got a peek inside the Federal Reserve. Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, talked to University of North Carolina Wilmington students, faculty members and members of the public about how he prepared for his current role, how he views it ...

May 3, 2019

Lender Event Highlights Government Loans

By Jenny Callison, posted May 3, 2019

Surveying the damage after Hurricane Florence last September, Indochine owner Solange Thompson found herself with a functional restaurant but severely compromised access to the building. Large fallen trees littered the parking lot and impeded access to the building. She contacted FEMA, and officials there referred her to Thread Capital, a relatively new organization tha ...

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In The Current Issue

Building UNCW's Future

In his first year as chancellor of University of North Carolina Wilmington, Jose Sartarelli led the development of a fiveyear strategic plan...


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Welcome Home Angel executive director Logan Thompson shares her top tech and informational tools....


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A Wilmington-based hammer manufacturer is making more than 580 different varieties of one of the world’s simplest tools....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

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