Wilmington-based banking software firm nCino is under federal investigation, according to a recent SEC filing. The Form 8-K filed with the SEC by the firm Wednesday stated that the company "and certain of its officers and other employees were served with grand jury subpoenas wherein the Antitrust Division of the Department of Justice is seeking documents and i ...

Ripples from nCino’s initial public offering last July may be lapping at the shores of the local economy.   The banking software company’s post-IPO lockup period ended Jan. 11. That means that initial investors, directors and employees are free to sell shares they have held during that time. And numerous nCino (Nasdaq: NCNO) officials and employees are d ...

In a conference call Jan. 28, Live Oak Bancshares officials elaborated on the company’s fourth-quarter and year-end financial reports. The company’s fiscal year ended Dec. 31.   Live Oak Bancshares, parent of Wilmington-based Live Oak Bank (Nasdaq: LOB), posted quarterly net income of nearly $29.6 million, which translates to earnings per share of $0.68. ...

Live Oak Bancshares late Wednesday reported fourth-quarter earnings that beat analyst expectations.   The company, the parent of Wilmington-based Live Oak Bank, posted quarterly net income of nearly $29.6 million, which translates to earnings per share of $0.68. The Zacks Consensus Estimate for EPS was $0.52 per share.   Net income for the quarter was below e ...

Officials with Wilmington-based Apiture, a financial technology firm that specializes in digital banking services, announced this week that the company has received a $10 million investment. Bankers Healthcare Group (BHG) is the investor, according to a news release. BHG is a fintech firm that provides loans and other financial services to licensed health care practitio ...

The new round of the SBA’s Paycheck Protection Program is in full swing in the greater Wilmington area. Banks, and the agency itself, have profited from their experience with last year’s program to accelerate and improve the experience for everyone involved, according to Jim Engel, president and CEO of Aquesta Bank. “The process is easier this time ...

A longtime area banking executive has accepted a new role with a young community bank.   Randy Tomsic, former senior vice president and Wilmington market president for Wells Fargo, is now regional president, Eastern North Carolina, for Raleigh-based Dogwood State Bank. He stepped into his new position Jan. 4.   “It’s refreshing to have a leader wi ...

With the market tumult of 2020 behind us, financial ad­visers are ready to help their clients navigate the possible challenges and opportunities of the new year. Here’s what is top of mind for five local advisers.   Steve Coggins, CIO of Irongate Partners:   “I will spare you the recap, but needless to say 2020 will take several pages in the ...

In mid-December, the U.S. De­partment of Agriculture Rural Department named Live Oak Bank its top 2020 commercial lender. The Wilmington-based bank led the 181 commercial lenders that partnered with the USDA in 2020 to invest a total of $2.1 billion in rural commu­nities and businesses. Live Oak alone made loans totaling $345 million, according to a news release. ...

nCino’s Tokyo-based subsidiary has gotten buy-in – literally – from two Japanese venture capital firms, the Wilmington-based company announced this week. Mitsubishi UFJ Capital Co. Ltd., the venture capital arm of the Mitsubishi UFJ Financial Group, and SMBC Venture Capital Co. Ltd., an affiliate of Sumitomo Mitsui Banking Corp., ha ...