Banking & Finance

May 7, 2021

Digital Alerts Aim To Avoid Overdrafts

By Jenny Callison, posted May 7, 2021

PNC customers now have more power over their checking accounts.   The bank, which has five branches in the Wilmington market, has announced Low Cash Mode for its customers who use the bank’s digital Virtual Wallet bank account and money management program.   “Low Cash Mode digital offering … is expected to help Virtual Wallet customers avoi ...

May 3, 2021

Fintech Company Forms Alliance With Money-transfer Network

By Jenny Callison, posted May 3, 2021

Financial technology firm Apiture announced last week that it has partnered with Zelle, putting a popular electronic money-transfer system in the hands of customers of Apiture Xpress platform clients.   “The partnership between Apiture and Zelle enables a streamlined and enhanced experience for Apiture customers,” the Wilmington-based firm’s news r ...

Apr 22, 2021

Live Oak Posts Healthy Financials, Eyes Positive Trends

By Jenny Callison, posted Apr 22, 2021

Live Oak Bancshares’ balance sheet for the first quarter of 2021 looks robust. In their comments upon release of the financial data, company officials expressed confidence that the trends will continue.   “It has been a healthy and noisy quarter,” Live Oak’s chairman and CEO James “Chip” Mahan said during the company’s earni ...

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Vacation Rental Pricing Strategy: 3 Steps To Early Success

Posted May 10, 2021

Vacation rental revenue management is a broad field and setting a pricing strategy is no small task. It’s kind of like the early scene in The Lion King, when Mufasa takes Simba to the top of Pride Rock to teach him an important lesson: everything the light touches is their kingdom.
 
In vacation rentals, everything the light touches is revenue management. Guests make a ...read entire article

Apr 8, 2021

Riegelwood FCU Merges With South Carolina Institution

By Jenny Callison, posted Apr 8, 2021

Riegelwood Federal Credit Union, with offices in Leland and Riegelwood (Columbus County), is now part of a larger organization. The National Credit Union Administration (NCUA) recently approved a merger of the financial institution with Charleston, South Carolina-based REV Federal Credit Union. REV has also merged with Hamlet Federal Credit Union, a small financial inst ...

Apr 5, 2021

HQ Expansion At NCino Allows For 600 New Employees

By Cece Nunn, posted Apr 5, 2021

An expansion at the Wilmington headquarters of fintech firm nCino will allow for 600 new employees, according to an announcement Monday. “nCino was founded in Wilmington, N.C., and this city has always been our home,” said Pierre Naudé, CEO of the cloud banking software firm, in an email. “We are proud to continue investing in Wilmington, and ha ...

Apr 2, 2021

Live Oak, NCino Defendants In Lawsuit

By Jenny Callison, posted Apr 2, 2021

It’s official. A former employee of Live Oak Bank and of Apiture LLC – a financial technology joint venture between Live Oak Bancshares and First Data Corp. – has filed suit in the U.S. District Court’s Eastern North Carolina District to contest a nonpoaching employment agreement he alleges exists among Apiture, Live Oak and banking software company ...

Apr 2, 2021

PNC Announces Local Branch Consolidation

By Staff Reports, posted Apr 2, 2021

In an era when customers are transacting ever more of their banking business online or through mobile devices, bank branches are rethinking their physical presence in communities.   In January, PNC announced that it would reduce its bricks-and-mortar footprint in Wilmington with a consolidation that becomes effective April 16.   “We constantly evaluate ...

Apr 2, 2021

Truist Rolls Out Blended Branch On Military Cutoff

By Staff Reports, posted Apr 2, 2021

More than a year after the merger of BB&T and SunTrust banks was finalized creating Truist, the combined company is premiering its new blended model locally at the former BB&T location at 1313 Military Cutoff Road.   It’s an initial step toward the eventual meshing of the two large banks and will result in the gradual closing of branches that are in ov ...

Apr 1, 2021

NCino Reports Fourth Quarter, Fiscal Year Results

By Cece Nunn, posted Apr 1, 2021

Banking software firm nCino reported on Wednesday an increase in revenues for the Wilmington-based company’s fourth quarter and fiscal year that ended Jan. 31. Revenues for the fourth quarter were $56.6 million, a 47% increase from $38.5 million in the fourth quarter of fiscal 2020, according to a news release. Meanwhile, total revenues for fiscal year 2021 were $ ...

Mar 25, 2021

nCino has expanded its efforts to enhance the communities within which it operates, and has chosen one of its existing employees to head up the initiative, the Wilmington-based company announced Thursday. Zedrick Applin has been tapped as nCino’s first program manager of diversity, equity, inclusion and community, according to a news release from the company. H ...

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In The Current Issue

Meet The 2021 CEA Winners

While vastly different, what the 11 companies and organizations do have in common is being chosen by a panel of judges as CEA category winne...


PPD Influences Regional Economy

The growth Wilmington-headquartered PPD Inc. has experienced in the Port City is an economic driver for the region, local economic developme...


Digital Alerts Aim To Avoid Overdrafts

Simply put, the new patent-pending tech offering lets customers know when a pending payment will cause an overdraft....

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