Apiture is involved in an effort to provide banking services to reach an underserved market. In February, the Wilmington-based financial technology company announced a partnership with ALTA Banking Services to launch ALTA’s new banking platform and the ALTA Prepaid Mastercard. The new package uses Apiture’s Xpress digital banking platform.   Based in ...

As Live Oak Bancshares looks to continued diversification of products, services and industries served, it has announced the hiring of a new chief financial officer to oversee the burgeoning company. William C. (BJ) Losch III will become CFO of both the company and its subsidiary, Live Oak Bank, on Sept. 1, according to a news release Wednesday. He will join the com ...

In a time when companies of all sizes are taking a close look at the makeup of their workforce and leadership, how are banks – traditionally white and male at the top – doing with this assessment?   In an article published last September, the management consulting firm McKinsey & Co. applauded the growing presence of women in corporate leadership, in ...

Two North Carolina-based banks with locations in the Wilmington market announced a definitive merger agreement Tuesday. First Bancorp, the parent of First Bank, will acquire Select Bancorp, the parent of Select Bank and Trust Co., in an all-stock transaction with a total current value of  $314.3 million, according to a news release. That comes out to slightly ov ...

A North Carolina bank with a local presence will be acquired later this year if the transaction meets with regulatory approval   Aquesta Financial Holdings Inc., parent of Aquesta Bank, has entered into a definitive agreement to be purchased by United Community Banks Inc., United officials announced last week.   Aquesta, based in Cornelius, a fast-growing Cha ...

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 ...

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 ...