It’s been an eventful week for Wilmington financial technology firm Apiture.   Tuesday, the company announced that it has partnered with Alacriti, a fintech company that develops new ways for customers of credit unions and banks to make loan payments across a variety of channels and methods. Customers can also select whether to make a payment one time, on a re ...

Despite woes in some sectors of the U.S. economy, banks performed well during the FDIC fiscal year ended June 30 according to observers. In late May, Tim Adams, chief executive of the Institute of International Finance, said U.S. banks were likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain strong. &n ...

Banking software company nCino reported increased revenues Wednesday for the third quarter of its 2022 fiscal year. The quarter ended Oct. 31.   Total revenues for the third quarter of FY 22 were $70 million, a 29% increase from total revenues of $54.2 million during the third quarter of FY 2021, the company reported. Subscription revenues – payments for ongoi ...

Plans are on track for Live Oak Bank to open an inclusive small business center in downtown Wilmington next year. Bank officials said in May that Live Oak leased 5,000 square feet at 106 Market St., above the restaurant Seabird, for the center, which has been dubbed "Channel." A sign for Channel has been installed on the building, an historical structu ...

A community bank specializing in business services is moving into the Carolinas, choosing Wilmington for its first location. Customers Bank, headquartered in Reading, Pennsylvania, is a digital-forward financial institution with nearly $20 billion in assets, according to a news release.   The Wilmington team, which will serve businesses and their principals, is head ...

Wilmington-based cloud banking software firm nCino Inc. plans to buy a digital mortgage platform in a transaction valued at $1.2 billion, according to an announcement Tuesday. nCino (Nasdaq: NCNO) has entered into a definitive agreement to acquire SimpleNexus for about $240 million in cash and 13.2 million shares of nCino common stock, a news release stat ...

To allow banking consumers to open checking and savings accounts virtually, Wilmington-based Apiture has partnered with MeridianLink, a digital account opening and loan origination software, according to a press release.   MeridianLink Opening solution will integrate with the Apiture Xpress digital banking system, allowing Apiture’s bank and credit union clien ...

Instead of expecting their members to come to them, Excite Credit Union is now able to take their services to members directly. Last month, the credit union took possession of a new mobile unit, which staffers will take to a variety of locations and events, similar to the way a bookmobile provides outreach access to media materials.   Sarah Stone, Excite’s ...

First Bancorp, the parent company of First Bank, last month announced that it will align its business into three organizational lines: commercial banking, community banking and retail banking.   Brad Mickle, who serves as First Bank’s Wilmington regional executive, will now also head the commercial banking unit, continuing as regional executive and maintaining ...

A growing Wilmington company attracted a powerful partner as it aims to provide business development services to underrepresented entrepreneurs.  Bank of America is investing $15,000 to support Genesis Block’s efforts for Castle Street workforce development. Genesis Block founders Tracey and Girard Newkirk plan to create an innovation corridor on Castle Stree ...