About Live Oak Bank
Live Oak Bank is a company based in Wilmington (United States) founded in 2008 by David Lucht, Lee Williams, and Neil Underwood. Live Oak Bank has raised $74.95 million across 3 funding rounds from investors including Dimensional Fund Advisors. Live Oak Bank has completed 1 acquisition, including National Assurance Title. Live Oak Bank offers products and services including High-Yield Savings, Certificates of Deposit, and Business Loans. Live Oak Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Wilmington, United States
- Founders David Lucht, Lee Williams, Neil Underwood
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Live Oak Bancshares, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$74.95 M (USD)
in 3 rounds
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Latest Funding Round
$523 K (USD), Post-IPO
Dec 05, 2017
- Investors
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Live Oak Bank
Live Oak Bank offers a comprehensive portfolio of products and services, including High-Yield Savings, Certificates of Deposit, and Business Loans.
Provides high-interest savings for personal and business use.
Offers fixed-term deposits with competitive APY rates.
Delivers SBA and custom loans for business financing.
People of Live Oak Bank
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Software Development Team
75 people
Leadership Team
64 people
Finance and Accounting
22 people
Senior Team
15 people
Portfolio Team
14 people
Loan Team
14 people
Data Analysis and Operations Team
10 people
Legal and Compliance
9 people
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Funding Insights of Live Oak Bank
Live Oak Bank has successfully raised a total of $74.95M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $523 thousand completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Live Oak Bank
Live Oak Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Dimensional Fund Advisors.
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Diversified investment management services are provided to global clients.
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Investor details for Live Oak Bank
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Live Oak Bank
Live Oak Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include National Assurance Title.
Investment portfolio details for Live Oak Bank
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
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Title insurance agency services are provided in the United States.
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Complete acquisition details for Live Oak Bank
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Live Oak Bank
Detailed financials for Live Oak Bank
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Live Oak Bank Comparisons
Peer comparison for Live Oak Bank
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- Named peers
- Headcount comparison
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Competitors of Live Oak Bank
Live Oak Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
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Commercial banking services are provided to businesses and individuals.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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Commercial banking and wealth management services are offered globally.
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Detailed competitors of Live Oak Bank
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- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Live Oak Bank
Complete news archive for Live Oak Bank
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Live Oak Bank
Live Oak Bank was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Live Oak Bank is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Chip Mahan is the current CEO of Live Oak Bank.
Live Oak Bank is a funded company, having raised a total of $74.95M across 3 funding rounds to date.
Live Oak Bank is a small business bank that offers small business loans and online savings and CD accounts. They have a unique approach to serving customers nationwide.
Live Oak Bank offers High-Yield Savings, Certificates of Deposit, and Business Loans.
Live Oak Bank has made 1 acquisition, including National Assurance Title.
Live Oak Bank has 1 investor. Key investors include Dimensional Fund Advisors.