Live Oak Ventures has invested an undisclosed amount in KWIPPED Inc., which will be used by the B2B company to bring in new talent and add suppliers to meet consumer demand. “With their robust fintech expertise, forward-thinking leadership and proven track record for success, Live Oak Ventures is perfectly aligned to support our growth objectives and we are both h ...

For most financial institutions in the Wilmington market, 2018 was a year of growth.   That growth could be measured in several ways. Among those are increased local market share, greater assets, a larger local footprint, more employees and fatter commercial lending portfolios.   Two area banks grew through mergers that were completed in early 2018. CresCom B ...

A new subsidiary, leadership changes and construction were part of Live Oak Bancshares’ year, marking the company’s continued growth and influence in Wilmington’s fintech industry. In February, Live Oak Bancshares launched Canapi Inc., formerly known as Live Oak Ventures. Canapi invests in companies that supply banks and credit unions with innovativ ...

Although it has made its name primarily as an SBA lender, Live Oak Bank has expanded into the realm of U.S. Department of Agriculture loans. Success in that niche has earned the Wilmington-based bank a new accolade: It was named 2018 Lender of the Year by the USDA’s Rural Business and Cooperative Service. Live Oak was presented the award Oct. 24 for being the h ...

Online and mobile banking isn’t convenient if the processes don’t work well. That reality prompted the development of a new component for nCino’s Bank Operating System. The Wilmington financial technology company announced in mid-November the launch of its Enterprise Onboarding solution, which the company terms a “significant enhancement” t ...

Come Feb. 1, her 66th birthday, Karen Edwards will embark upon a new adventure. She won’t report to her lab at New Hanover Regional Medical Center’s Medical Mall. She won’t have a set schedule every day. She will be retired. “I will definitely miss it,” she said of her work, which she describes as the best nursing job she has ever had. &ldq ...

Live Oak Bank announced Wednesday that the Live Oak Bancshares Inc. (Nasdaq: LOB) subsidiary is expanding its lending services by offering products for commercial real estate and asset-based financing, as well as increasing its small business financing team. The Wilmington-based bank is providing conventional loans for commercial real estate projects including office an ...

Live Oak Bank's former president will leave the organization at the end of this week. Scott Custer, who serves in a senior position within Live Oak Bancshares, informed Live Oak officials Nov. 19 that he would resign effective Nov. 30. The news was disclosed that same day by Live Oak in a filing with the Securities and Exchange Commission.   Custer joined Live O ...

The signs are up, the systems are updated, and the staffers have most­ly mastered the Bank of the Ozarks’ new name.      The transition of the Arkan­sas-based bank to its new moniker, Bank OZK, has gone well, according to Ryan Tanner, the bank’s Wilming­ton market president.      “We were official [as Bank OZK ...

While North Carolina business people are slightly less optimistic about the economy this fall, their outlook is still more positive than it was a year ago, according to PNC Bank’s semiannual survey of small and middle-market business owners and executives in the state.   “Historic optimism about the national economy from spring (48 percent) chilled sligh ...