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Live Oak Bancshares Inc
NYSE:LOB

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Live Oak Bancshares Inc
NYSE:LOB
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Price: 39.7699 USD 0.43%
Market Cap: 1.8B USD
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Live Oak Bancshares Inc
Investor Relations

Live Oak Bancshares Inc., founded in 2008 and headquartered in Wilmington, North Carolina, has carved a distinctive niche in the banking sector with its innovative approach to small business financing. At its core, Live Oak focuses on providing specialized lending services to small and medium-sized enterprises (SMEs) across a wide array of industries, including veterinary, dental, and healthcare practices, as well as independent pharmacies, and even wine and craft breweries. The bank has efficiently leveraged technology to streamline the lending process, employing a tech-savvy and customer-centric approach to address the specific needs of niche markets that are often underserved by traditional banks. This strategy has allowed Live Oak to expand its reach and build professional relationships with business owners across all 50 states, facilitating growth and sustainability for local ventures.

Revenue generation for Live Oak primarily comes from interest earned on loans and a suite of financial services tailored to small business clients. The bank positions itself not just as a lender, but as a partner, offering extensive support services, including business advisory and management tools. Additionally, by participating actively in the Small Business Administration (SBA) loan programs, Live Oak Bancshares benefits from reduced risk and favorable funding conditions, ensuring steady revenue streams while supporting small business initiatives. Its technology-driven infrastructure minimizes operational costs and enhances efficiency, providing a competitive edge that allows higher return on investments and solidifies its reputation as a forward-thinking institution in the banking ecosystem. With a focus on adaptability and growth, Live Oak continues to thrive by aligning its financial products and services with the evolving demands of its client base.

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Management

Mr. James S. Mahan III
Chairman & CEO
No Bio Available
Mr. William C. Losch III
President
No Bio Available
Mr. Gregory W. Seward J.D.
Chief Risk Officer & General Counsel
No Bio Available
Ms. Stephanie A. Mann
Chief Strategy Officer
No Bio Available
Mr. Renato Derraik
Chief Information & Digital Officer of Bank
No Bio Available
Mr. William L. Williams III
Vice Chairman & Executive VP
No Bio Available
Mr. Walter J. Phifer
Chief Financial Officer
No Bio Available
Mr. John Wesley Sutherland
Chief Accounting Officer
No Bio Available
Ms. Claire Parker
Senior Vice President of Corporate Communications
No Bio Available
Mr. Micah S. Davis
Chief Marketing & Communications Officer
No Bio Available

Contacts

Address
NORTH CAROLINA
Wilmington
1741 Tiburon Dr
Contacts
+19107905867.0