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Live Oak Bank

#5162

Rank

$1.54B

Marketcap

US United States

Country

Live Oak Bank
Leadership team

Mr. James S. Mahan III (Chairman & CEO)

Mr. William C. Losch III (CFO & Chief Banking Officer)

Mr. Neil Lawrence Underwood (Pres & Director)

Products/ Services
Banks
Number of Employees
500 - 1000
Headquarters
Wilmington, North Carolina, United States
Established
2008
Company Registration
SEC CIK number: 0001462120
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
LOB
Social Media
URL
https://www.liveoakbank.com
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
History

Founded in 2008 by James S. Mahan III, Live Oak initially focused on lending to niche industries such as veterinarians and dentists. Today, the bank lends to more than 30 specialized industries in all 50 states and has more than a dozen general lenders in markets across the country that directly serve small business owners. The bank specializes in SBA and USDA loans and offers business and personal deposit products on its branchless, digital platform. Live Oak Bank

Live Oak timeline

2008 - Live Oak Bank founded

2011 – nCino created by Live Oak’s founders

2012 - $1.2 billion originated

2013 – Live Oak Ventures formed

2014 – nCino spun out to shareholders

2014-17 – Live Oak was awarded “Best Bank to Work For” by American Banker

2015 – Live Oak Bank files for its initial public offering .

2015 – Launch of Digital Bank

2017-2020 – Named the number one SBA 7 lender in the country

2017 – Apiture was founded in a joint venture with First Data and is part of Live Oak’s fintech ecosystem.

2018 – Business model shifts to holding loans

2019 – Live Oak is named the highest dollar volume USDA lender in the country

2019 - $10.95 billion originated

2020 – Canapi Venture launches $545 million fintech investment fund

2020 – Live Oak Bank goes live on Finxact core

Mission
Live Oak Bank's mission is to provide small businesses with the financial resources they need to flourish and succeed in today's economy.
Vision
Live Oak Bank's vision is to be the leading provider of financial services to small businesses in the United States.
Key Team

Mr. Huntley Garriott Jr. (Pres of Live Oak Banking Company)

Mr. Renato Derraik (Chief Information & Digital Officer of Bank)

Mr. William L. Williams III (Vice Chairman & Exec. VP)

Ms. Claire Parker (Sr. VP of Corp. Communications)

Mr. Mark Moroz (Exec. VP & Head of Operations and Payments)

Mr. Gregory W. Seward (Chief Risk Officer & Gen. Counsel)

Mr. John Wesley Sutherland (Chief Accounting Officer)

Recognition and Awards
Live Oak Bank has been recognized with numerous awards, including the Bank Technology News Award for Small Business Bank of the Year and FORTUNE Magazine's Top 100 Workplaces list.
References

https://en.wikipedia.org/wiki/Live_Oak_Bank

https://in.investing.com/equities/live-oak-bancshares-inc

https://finance.yahoo.com/quote/LOB/profile?p=LOB

https://www.crunchbase.com/organization/live-oak-banking-company

https://companiesmarketcap.com/

https://www.liveoakbank.com

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Live Oak Bank
Leadership team

Mr. James S. Mahan III (Chairman & CEO)

Mr. William C. Losch III (CFO & Chief Banking Officer)

Mr. Neil Lawrence Underwood (Pres & Director)

Products/ Services
Banks
Number of Employees
500 - 1000
Headquarters
Wilmington, North Carolina, United States
Established
2008
Company Registration
SEC CIK number: 0001462120
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
LOB
Social Media
URL
https://www.liveoakbank.com