Including Wilmington, Southport, Leland, Whiteville, Elizabethtown, Sunset Beach, Hampstead, Shallotte, Tabor City, Burgaw, and 13 other towns.
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Banking in the Wilmington Area
Wilmington is a city in southern North Carolina, right on the Atlantic Coast. It has about 115,000 people, making it the eighth-largest city in North Carolina. The wider Wilmington area has about 265,000 people and includes the cities of Southport, Leland, Sunset Beach, Whiteville, Elizabethtown, Hampstead, Shallotte, Tabor City, and Burgaw.
Wilmington has a diverse economy, driven by manufacturing, tourism and healthcare. One area of the economy where it is not strong is in banking, however. There is only one bank, Live Oak Bank, and one credit union, Riegelwood Federal Credit Union, with headquarters in the Wilmington area. Riegelwood Federal Credit Union is the oldest institution still operating in the area, having been established in 1953. Despite its lack of locally headquartered banks, Wilmington does have a fair amount of other banks and credit unions that have operations in the city. Altogether, there are nearly 30 banks and 10 credit unions with a total of about 220 branches.