Banking & Finance

Feb 25, 2021

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 ...

Feb 5, 2021

Spreading The NCino Wealth

By Jenny Callison, posted Feb 5, 2021

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 ...

Feb 5, 2021

Live Oak Talks Loan Generation, PPP Activity

By Jenny Callison, posted Feb 5, 2021

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. ...

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Developing Global Competencies For Today’s Business Students

Posted Feb 15, 2021
Contributed by Dr. Jessica Magnus, Professor of Management at the UNCW Cameron School of Business.
 
The COVID-19 pandemic has had widespread implications for all aspects of business world-wide, from bottlenecks in the global supply chain to the necessity of revising business strategies in order to stay afloat, and from marketing efforts around new product and service ...read entire article
Jan 28, 2021

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 ...

Jan 27, 2021

Apiture Announces Additional $10M Investment

By Cece Nunn, posted Jan 27, 2021

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 ...

Jan 26, 2021

New Round Of PPP Lending Off To Smooth Start

By Jenny Callison, posted Jan 26, 2021

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 ...

Jan 13, 2021

Tomsic Assumes New Position With Dogwood State Bank

By Jenny Callison, posted Jan 13, 2021

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 ...

Jan 8, 2021

Local Advisers Share New Year Tips

By Jenny Callison, posted Jan 8, 2021

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 ...

Jan 8, 2021

USDA, NC Organization Honor Live Oak Bank

By Jenny Callison, posted Jan 8, 2021

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. ...

Dec 23, 2020

NCino's Japanese Partnership Lands Two Investments

By Jenny Callison, posted Dec 23, 2020

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 ...

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If Not Now, When?

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How To Handle Insurance For Office Equipment

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