This week, two Wilmington-based financial technology companies announced they have entered new partnerships to enhance their products.   Apiture, a digital banking tech firm, unveiled a report designed to help banks and credit unions assess their data management capabilities and address shortcomings. The publication, Improving Your Financial Institution’s Data ...

Although key indicators show continued growth, Wilmington-based Live Oak Bancshares reported earnings for the first quarter of its 2025 fiscal year that disappointed analysts. For the quarter that ended March 31, Live Oak Bank reported total revenue of $126.1 million, a year-over-year increase of 8.5%, but short of the Zacks Consensus Estimate of $130.7 million. Earning ...

Tuesday’s quarterly and year-end earnings report from Wilmington-based nCino sent the company’s stock down more than 25%, although the share price was ticking back up Wednesday afternoon. For the fourth quarter of fiscal 2025, which ended Jan. 31, the cloud-based banking software firm posted total revenues of $141.4 million, a 14% increase from $123.7 millio ...

In February, Sean Desmond was appointed president, CEO and board member of Wilmington-based fintech company nCino. Desmond, who was previously nCino’s chief product officer in a role in which he oversaw about two-thirds of the company's employees, succeeded Pierre Naudé, who remained on as the board’s executive chairm ...

Chase Bank plans to establish its first Wilmington-area branch on the former Wild Wing Cafe site in Landfall Shopping Center. The city of Wilmington received a formal site application last week for an approximately 3,300-square-foot new Chase Bank at 1331 Military Cutoff Road. Wild Wing Cafe closed the site in early 2023 after operating in the Wilmington area for nearly ...

These days, as banks jockey for new deposits to remain compliant with regulatory capital reserve requirements, First Carolina Bank has followed a course that sets it apart from many of its counterparts.   At the end of January, the Rocky Mount-based financial institution with a branch in Wilmington announced the successful acquisition of Pennsylvania-based BM Techno ...

Banking software firm nCino announced the $52.5 million acquisition of another fintech firm, Sandbox Banking. According to a news release, the purchase "strengthens nCino's ability to enhance data connectivity and streamline operations for banks and credit unions through an industry-leading Integration Platform as a Service (iPaaS) solution for a more intellige ...

nCino has a new CEO, the company announced Monday morning. Sean Desmond has been appointed president, CEO and a member of the cloud-based banking software firm's board of directors, effective immediately. Desmond succeeds Pierre Naudé (pictured below at right), who, according to a news release, "will continue to be actively involved in the company as exe ...

In its fourth-quarter and year-end earnings release this week, Live Oak Bancshares reported a mixed bag of results. Total revenue and earnings per share, along with loan and lease origination, were down from the previous quarter and missed analysts’ targets. Compared with those measures from a year ago, however, the company showed growth in key areas. “Live ...

United Bank announced this week the appointment of Andrew Dawson as president of its Wilmington market. Dawson will lead "strategic efforts to drive commercial and retail production while ensuring the profitability and sustained growth of the market," according to a news release. "Dawson will also play a pivotal leadership role in managing public relation ...