Banking & Finance

Oct 22, 2020

Live Oak Reports Higher Earnings, Deposits At End Of Q3 2020

By Jenny Callison, posted Oct 22, 2020

Several of Live Oak Bancshares’ key metrics were up as of Sept. 30, the end of the company’s third quarter. Net income and earnings per share were higher than those of both the second quarter of 2020 and the third quarter of 2019, company officials reported Wednesday.   The company’s net income for Q3 of 2020 was $33.8 million, up 767% from the net ...

Oct 13, 2020

Canapi Ventures Makes Investments To Fuel Digital Banking

By Jenny Callison, posted Oct 13, 2020

Canapi Ventures has been busy of late with investments to support what it considers strategic new financial technologies. Since mid-August, the firm has contributed to the funding rounds of five financial technology companies – four as the lead or co-lead investor.   Canapi Ventures is a venture capital firm investing in early- to growth-stage fintech com ...

Oct 6, 2020

Wilmington-based nCino Inc. announced the launch of its secondary public offering of 5.5 million shares of stock, according to a news release.  The stock is being sold by certain stockholders of nCino, a banking software firm. The company is not selling any shares and will not receive any proceeds from the offering, officials said in the release. "In add ...

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Wills And Trusts: The Key Differences

Posted Oct 12, 2020
Wills and trusts are two options to transfer your assets, but the key difference between these two documents is timing. A will goes into effect only after you die, whereas a trust becomes effective immediately. Let’s run through the basics of these two types of legal documents.
 
What is a will?
 
A will is a legal document used to direc...read entire article
Oct 2, 2020

Fueling Foundation's Investment Power

By Jenny Callison, posted Oct 2, 2020

While the New Hanover County Board of Com­missioners’ move toward a sale of New Hanover County Regional Medical Center has re­ceived much public attention, a parallel effort has not.   That effort – laying the groundwork for a community foundation that would invest and manage more than $1 billion from the proposed sale to Novant Health – ha ...

Oct 2, 2020

Live Oak Bank Adopts New Cloud-native Core System

By Jenny Callison, posted Oct 2, 2020

Live Oak Bank has adopted a new, cloud-native core system to run its digital banking ecosystem, according to a recent news release.   The provider of that core, Finxact, is well known to the bank’s parent, Live Oak Bancshares: Investments by its subsidiary have helped Finxact develop and grow.   Live Oak Bancshares Chairman and CEO James “Chip&rdq ...

Sep 30, 2020

Going Public Brings NCino More Visibility, CEO Says

By Christina Haley O'Neal, posted Sep 30, 2020

nCino’s change into a publicly traded company this summer allows greater visibility for nCino around the globe, said Pierre Naudé, CEO of the Wilmington-based banking software firm.  Naudé, CEO of banking software company nCino, shared some details about the company going public during a keynote virtual talk Wednesday morning, kicking off the fi ...

Sep 22, 2020

Grant Program For Small-town Small Businesses Announced

By Jenny Callison, posted Sep 22, 2020

Companies in rural communities have an economic lifeline opportunity they may not know about.   The Rural Relief Small Business Grant from LISC (Local Initiatives Support Corp.) and Lowe's provides one-time grants to businesses and enterprises in rural America that have been affected by COVID-19. LISC defines “rural communities” as having a populatio ...

Sep 18, 2020

Biz Expo Keynote: Naudé Oversees NCino's Rapid Growth

By Cece Nunn, posted Sep 18, 2020

CEO Pierre Naudé took the helm of Wilmington-based nCino in 2012, steering the banking software firm’s growth from five employees to more than 900 and from a private firm to its debut on the Nasdaq in July.   On its first day of trading, nCino’s stock skyrocketed by more than 150%. nCino, a spinoff of Wilmington’s Live Oak Bank that had $138 ...

Sep 10, 2020

NCino Reports Financial Information From First Public Quarter

By Jenny Callison, posted Sep 10, 2020

nCino marked its first quarter as a public company with reports of increased year-over-year revenues but also saw its operating losses increase. Because nCino’s IPO took place in mid-July of this year, its first quarter on the Nasdaq is the second quarter of 2020, ending July 31. Revenues for the Wilmington-based banking software company during the quarter ended J ...

Sep 4, 2020

Experts Offer Small Business Tips

By Jenny Callison, posted Sep 4, 2020

Small businesses affected by the COVID-19-related economic downturn have much to think about for the remainder of this calendar year. So say several local professionals who work with them.   “For busi­nesses that are not doing well, one of the things they need to keep up with is their income and expenses for the year,” said Tammika Brown, owner of Ta ...

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In The Current Issue

Health Care Heroes: Lifetime Achievement

Daniel Gottovi isn’t an obstetrician, but he has helped birth two medical entities in Wilmington that have shaped the health care community...


Health Care Heroes: Volunteer

The Volunteer category honors a volunteer at a health care provider or other health-related organization who is considered exemplary by peop...


Health Care Heroes: Innovation In Health Care

The Innovation in Health Care category honors an individual or team behind a new scientific discovery, procedure, treatment or device that c...

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2020 Leadership Accelerator: Virtual Workshops for Real Leaders
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August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`