Banking & Finance

May 23, 2018

Live Oak Bank Launches Franchise Restaurant Lending Vertical

By Jenny Callison, posted May 23, 2018

Live Oak Bank is geared up and ready to begin lending in its newest industry: franchise restaurants. In an announcement Tuesday, the bank said that this new lending team, led by general manager Lew Woodbury, will consider loans to franchise operations from quick service and fast-casual to full-service dining, from small-scale franchisees to owners of large networks. &ld ...

May 18, 2018

Aquesta Bank Earnings Sharply On The Rise

By Jenny Callison, posted May 18, 2018

Aquesta Bank Holdings announced that its earnings for the first quarter showed a 53 percent jump from those of the same quarter in 2017. In an announcement April 24, the Cornelius, North Carolina-based company stated that net income for Q1 of 2018 was $702,000 - $.18 per share – compared with net earnings of $460,000 - $.11 per share – a year ago.   &ldq ...

May 18, 2018

Student Loan Debt Still A Concern

By Jenny Callison, posted May 18, 2018

It might come as a surprise, but one of the hottest topics at the annual convention of the National Association of Consumer Bankruptcy Attorneys (NACBA) was student loan debt.   There are a couple of reasons for that, said Richard Cook, a board-certified bankruptcy attorney and owner of Cape Fear Debt Relief in Wilmington. One reason: student loan debt is one of two ...

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The Two-Pronged Approach to Exit Planning

Posted May 15, 2018
When business owners begin to think about their business exits, they tend to focus on one specific goal they want to achieve.

Some owners focus on when they want to exit, some focus on how much money they want when they exit, and others focus on the person or group that will take over once they exit.

But what’s the process that takes owners from thinking about w...read entire article
May 18, 2018

Broadhurst Appointed To State Commission

By Jenny Callison, posted May 18, 2018

Spence Broadhurst, president of the Eastern North Carolina Region for First National Bank, and former Wilmington mayor, was recently appointed to the N.C. Banking Commission by Gov. Roy Cooper, according to a news release. He will serve on the commission as a Practical Banker.   Broadhurst has served on the N.C. A&T State University Board of Trustees, the Wilmin ...

May 18, 2018

Changes are here or on the way to Coldwell Banker Sea Coast Advantage offices in Oak Island, Hampstead and Carolina Beach. The company is demolishing its offices in Oak Island and Hampstead, with a new 2,650-square-foot building (pictured below) going up in the Brunswick County beach town of Oak Island and a 12,700-square-foot building replacing thre ...

May 16, 2018

As Corning Credit Union broke ground Wednesday morning on its new regional headquarters in Wilmington, a CCU spokeswoman also confirmed that the facility is not the credit union’s only evidence of growth in the market. “We’re working on a service center located in Hampstead,” Stephanie Carl said Wednesday, explaining that the center represents a ...

May 4, 2018

Banking Firm Continues To Grow

By Jenny Callison, posted May 4, 2018

Coastal residents know about live oaks: they are slow growing but, over time, produce a magnificent canopy.   Wilmington’s own Live Oak has grown much faster than its namesake. It sprouted in 2008 as a bank focused on making SBA loans within select industries and has spread its lending programs as well as its deposit products. Ten years in, its parent, Live Oa ...

May 2, 2018

Fintech Firm Shows Off New Downtown Wilmington Space

By Jenny Callison, posted May 2, 2018

Live Oak Bancshares' new joint venture company, Apiture, a a recent addition to the downtown Wilmington business community, invited members of that community to visit its new space on Wednesday. Apiture president Chris Cox said the firm currently has more than 50 employees in its 12,697 square feet of office space atop the Bank of America building on North Third Str ...

Apr 26, 2018

Live Oak Bancshares Reports Strong Quarterly Earnings

By Jenny Callison, posted Apr 26, 2018

Live Oak Bancshares officials reported Wednesday that the company’s first-quarter 2018 performance exceeded that of the previous quarter as well as the first quarter of 2017. Net earnings for the quarter ending March 31 were about $12.5 million, or $0.30 per diluted share, according to the company’s report. That compares favorably with the $6.1 million in ne ...

Apr 25, 2018

Corning Credit Union Plans Headquarters Here

By Jenny Callison, posted Apr 25, 2018

Corning Credit Union plans, literally, to build on its growth in the Wilmington market with a new regional headquarters here. The new facility, to be located on 17th Street Extension near South College Road, will have 43,000 square feet on three stories, said Stephanie Carl, spokeswoman for Corning, a New York-based credit union. It will replace CCU’s ex ...

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Trending News

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In The Current Issue

CEOs Create New Crowdfunding Portal

North Carolina has a new equity crowdfunding platform to help power its progress. FundingStack, the state’s first registered funding portal,...


Student Loan Debt Still A Concern

It might come as a surprise, but one of the hottest topics at an annual convention of bankruptcy attorneys was student loan debt. There are...


Urgent Dental Care Clinic Plans To Expand

ASAP Urgent Dental Care, which launched in Wilmington earlier this year, plans to add locations elsewhere in the state....

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2018 Power Breakfast: The Main Event
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