PYMNTS
APRIL 20, 2017
Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5
Jeff For Banks
DECEMBER 10, 2023
Total return includes two components: capital appreciation and dividends. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. The bank was founded in 1907 and has operated continuously since 1908 with branches in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem. OFG Bancorp (NYSE: OFG) #4.
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South State Correspondent
JANUARY 4, 2023
Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.
PYMNTS
DECEMBER 9, 2019
Founded in 2000 by CEO Michael Praeger, the Charlotte, North Carolina-based firm provides software that automates payments, invoicing and accounting for small and mid-sized businesses (SMBs). Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. AvidXchange previously raised $300 million in 2017 at a $1.4
Abrigo
JANUARY 15, 2015
With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.
American Banker
MARCH 21, 2016
Capital Bank Financial in Charlotte, N.C., will record a first-quarter $5.5 million net loss, after it agreed to an early termination of its loss-share agreements tied to three failed banks.
PYMNTS
MARCH 11, 2020
The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. billion, on an 82 percent increase in retail sales. Ontario (L.A.), Oklahoma City, and Memphis.
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