Jenny Callison

2 months ago | wilmamag.com | Jenny Callison

MK Campbell focuses on overcoming obstacles A serious injury changed the course of MARY KAY (MK) CAMPBELL’s career. “I was in a really bad car accident and sustained a head injury,” she says, adding the experience prompted her to assess the professional choices she had made and what she was doing with her life. “I realized that while I had moved up the corporate ladder and gained responsibility and respect, I had moved further away from what really mattered.

Jan 23, 2025 | wilmingtonbiz.com | Jenny Callison

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’ targetsl. Compared with those measures from a year ago, however, the company showed growth in key areas.   Live Oak (NYSE: LOB) on Wednesday reported total revenue of nearly $128.1 million for the fourth quarter, which ended Dec. 31.

Jan 22, 2025 | wilmingtonbiz.com | Jenny Callison

The rapid pace of technological development combined with a stream of regulations and requirements from the federal government has been stressful for financial institutions. So says Peter Gwaltney, president and CEO of the N.C. Bankers Association. “The regulatory environment has made it challenging (for banks) to introduce new technology, (including) third-party relationships with fintech companies because banks are held to a very high standard as to those relationships,” he said.

Jan 16, 2025 | wilmingtonbiz.com | Jenny Callison

Like the tree for which it’s named, Live Oak Bank has spent much of its nearly two decades spreading its roots and canopy wide. Recently, however, it’s also sending roots deeper into its Wilmington soil.   The bank’s latest step in cultivating the area market is launching a team of Wilmington-centric commercial bankers who will focus on middle-market lending. Live Oak had a windfall of sorts, hiring three bankers from a financial institution that recently departed the Wilmington market.

Oct 31, 2024 | wilmingtonbiz.com | Jenny Callison

Word rippled quickly through the Wilmington area after popular Indochine restaurant recently filed for Chapter 11 bankruptcy protection. Many customers of Indochine’s main restaurant off Market Street, as well as its four Indochine Express locations and its Café Chinois, wondered whether that meant the eateries were definitely closing for good. Not necessarily so, said Algernon Butler III, a Wilmington-based board-certified specialist in business and consumer bankruptcy law.