Banking & Finance

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 ...

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Understanding Stock Compensation Plans | Part II: Stock Options

Posted Sep 20, 2020
This article was contributed by Wealth Advisor John Zachary.

This article is Part II of a series on stock compensation plans. Part I discussed restricted stock units and can be found here. In addition to these artic...read entire article
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 ...

Sep 4, 2020

CresCom Conversion Completed In August

By Jenny Callison, posted Sep 4, 2020

The signs are up, and the com­puters are talking to each other. As of early August, CresCom Bank is officially part of Washington, D.C.- based United Bank. The merger process began last November, when United Bankshares Inc., the parent company of United Bank, and Carolina Financial Corp., the parent company of Charleston, South Carolina-based CresCom Bank, announced a ...

Sep 4, 2020

How To Calculate A Career

By Jenny Callison, posted Sep 4, 2020

Numbers have always held an allure for Tammika Brown, and eventually, they added up to a career for her.   It’s not every young girl who finds joy in reconciling checking accounts, for instance. But as a youngster, she did.   “Back in the days when banks sent out all the canceled checks with monthly checking account state­ments, I used to reco ...

Aug 18, 2020

Wells Fargo To Close 1 Wilmington Branch

By Jenny Callison, posted Aug 18, 2020

Wells Fargo Bank has announced it will close its Glen Meade location, 1701 Shipyard Blvd., on Oct. 21. The Wilmington branch is one of three in the state that the San Francisco-based bank will shutter in the near future.   “This is not an easy decision or one that we take lightly,” Wells Fargo spokesman Josh Dunn said in a recent email. “We continu ...

Aug 14, 2020

NCino Announces Date For First Earnings Report Since IPO

By Jenny Callison, posted Aug 14, 2020

nCino’s early performance as a public company will be on display during the Wilmington company’s first quarterly earnings report since its July 14 IPO. The cloud-banking software company announced Thursday that it will report financial results for its second quarter on Sept. 9 and will host a conference call and webcast at 4:30 p.m. to discuss those results. ...

Aug 7, 2020

NCino 'on Fire'

By Jenny Callison, posted Aug 7, 2020

When Live Oak executives let nCino leave the nest, could they have known it would skyrocket to such fame and fortune?   “It did not surprise me at all,” said Live Oak Chairman and CEO James “Chip” Mahan soon after nCino’s July 14 IPO on the Nasdaq, during which the stock price soared from $31 to over $90 per share. About 7.8 million sha ...

Aug 7, 2020

First Carolina To Open Local Branch

By Jenny Callison, posted Aug 7, 2020

In just over a week, the Port City is set to see the full-fledged arriv­al of one of its newest communi­ty banks.   First Carolina Bank, which opened a loan production office in the Mayfaire area in mid-2017 and has since expanded into retail banking services from that office, officially opens Aug. 17 at 5815 Oleander Drive, Suite 100.   Based in Rock ...

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In The Current Issue

Take A Walk To Local Movie Sites In Town Of Burgaw

The town of Burgaw might seem a long way from California’s Tinseltown, but it has been a star in its own right as the backdrop to many Holly...


Connecting The Business Community Amid The Shutdowns

This year's WilmingtonBiz Conference & Expo is a little different, but still aims to help the area's business community make vital one-on-on...


Lumber Prices Through The Roof

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