Live Oak Bank

Live Oak Bancshares, Inc.
Public
Traded as NASDAQ: LOB
Industry Financial services, SBA Loans
Founded 2007 in Wilmington, North Carolina
Key people
 James Slaughter Mahan III, Chairman and CEO
Steven Brett Caines, CFO
Neil Lawrence Underwood, President and COO
Number of employees
 312
Website www.liveoakbank.com

Live Oak Bancshares, Inc. (Live Oak or Live Oak Bank) is an American financial services company. Live Oak specializes in originating SBA loans for new and expanding businesses.[1] The bank is headquartered in Wilmington, North Carolina, with an office in California, in Santa Rosa.[2] Unlike other banks, Live Oak does not use branches, instead originating loans and receiving deposits entirely online. The company was founded by James Mahan, who also founded Cardinal Bank and S1 Corporation.[3][4][5]

History

The company was founded in 2007, as Live Oak Lending Company.[1] The bank's headquarters were designed by LS3P Associates.[6][7] Live Oak filed intent to go public in June 2015.[8] Sandler O'Neill and Partners, KBW, and SunTrust served as the company's advisers for the deal.[9]

References

  1. 1 2 "Live Oak Bank S-1". Live Oak Bank. Retrieved 13 July 2015.
  2. ↑ Troyer, Rebecca. "Wilmington's Live Oak Bank branches out with California office". Triangle Business Journal. Retrieved 13 July 2015.
  3. ↑ "Live Oak Bancshares". Bloomberg. Retrieved 13 July 2015.
  4. ↑ Weisbecker, Lee (16 November 2012). "On the Internet, below the radar, little bank thriving". Triangle Business Journal. Retrieved 13 July 2015.
  5. ↑ "Live Oak Bank". Live Oak Bank. Retrieved 14 July 2015.
  6. ↑ "Live Oak Bank Office Building". LS3P Associates. Retrieved 14 July 2015.
  7. ↑ Miller, Anna Bergren (8 May 2015). "LS3P Wraps Live Oak Bank in Cypress". A/N Blog. Retrieved 14 July 2015.
  8. ↑ Callison, Jenny. "Live Oak Again Files Intent To Go Public". WilmingtonBiz. Retrieved 13 July 2015.
  9. ↑ Renaissance Capital. "National niche lender Live Oak Bancshares sets terms for $68 million IPO". NASDAQ. Retrieved 14 July 2015.



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