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- ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...