About Live Oak Bank
Live Oak Bank is a publicly listed company based in Wilmington (United States) founded in 2008 by David Lucht, Lee Williams, and Neil Underwood. Small business loans and online savingsCD accounts are offered digitally. 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. Its chief executive, as recorded, is Chip Mahan. Live Oak Bank offers products and services including High-Yield Savings, Certificates of Deposit, and Business Loans. Its focus areas include Banks and Commercial Banks. Its legal entity is LIVE OAK BANCSHARES, INC. Its competitors include Truist, First Republic Bank and Equity Bank; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Total Equity Funding$74.95M (USD)
in 3 rounds
- Latest Funding Round$523K (USD), Post-IPO
Dec 2017
- Investors
- Investments & Acquisitions
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.
Apps and channels of Live Oak Bank
Live Oak Bank publishes 2 mobile apps with over 10K+ downloads; its YouTube channel Live Oak Bank has 1.54K subscribers and 30 videos.
Videos from Live Oak Bank
The most watched videos on Live Oak Bank's YouTube channel, Live Oak Bank (1.54K subscribers). Click a video to play it here.
More on Live Oak Bank.
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.
- Total Funding $74.95M
- Total Rounds 3
- Last Round Post-IPO — $523,000
- First Round $4.2M
(Apr 2009)
- Investors Count 1
All 3 funding rounds of Live Oak Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $523,000 | Post-IPO | – | – | |
| Aug 2014 | $74.95M | Series C | – | – | – |
| Apr 2009 | $4.2M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management services are provided to global clients. | 1981 | dimensional.com | Austin, United States |
Investor details for Live Oak Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
- Co-investor network
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People of Live Oak Bank
299 people are tracked at Live Oak Bank (119 in leadership, 7 in board & advisors, 173 in team).
| Name | Role | Group |
|---|---|---|
David Lucht | Co-Founder | Leadership |
Lee Williams | Co-Founder | Leadership |
Neil Underwood | Co-Founder | Leadership |
Chip Mahan | Co-CEO | Leadership |
James Mahan | Co-CEO | Leadership |
Connor Duncan | Vice President - Senior Loan Officer | Leadership |
BJ Losch III | President | Leadership |
James S. Mahan III | Chairman & CEO | Leadership |
Steve Smits | Head of Commercial Banking | Leadership |
Brian Pilon | Director, Marketing Analytics & Customer Experience | Leadership |
Kristen Spenceley | VP - Senior Loan Officer | Leadership |
Walt J. Phifer | Chief Financial Officer | Leadership |
Pierce Verchick | Head Of Broadband & RV Park Lending | Leadership |
Nathan Sahar | Vice President - Mergers & Acquisitions / Owner Occupied Real Estate | Leadership |
Winn Martin | Chief Data & Analytics Officer | Leadership |
Gareth Davies | Head, Enterprise Risk Management | Leadership |
Mark Moroz | EVP & Head, Deposits | Leadership |
Renato Derraik | Chief Information & Digital Officer | Leadership |
Courtney Spencer | Chief Experience Officer | Leadership |
Brett Sebbio | Head Of Product Design, Customer Experience & Design | Leadership |
279 more people are available in the full profile.
Complete people profiles for Live Oak Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Title insurance agency services are provided in the United States. | nationalassurancetitle.com | Tampa, United States | 2012 | Feb 2017 | •••• |
Complete acquisition details for Live Oak Bank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Live Oak Bank
5 dated milestones of Live Oak Bank across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Live Oak Bank is founded.
- Funding First funding round of $4.2M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires National Assurance Title.
- Funding Latest funding round, Post-IPO, of $523K.
Competitors of Live Oak Bank
Live Oak Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, First Republic Bank and Equity Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| firstrepublic.com | 1985 | San Francisco, United States | 7,065 | Commercial bank | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of Live Oak Bank
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- Full competitor set
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Web traffic of Live Oak Bank
Websites that share an audience with Live Oak Bank (liveoakbank.com).
Websites whose visitors overlap most with Live Oak Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cunninghamca.com | cunninghamca.com | 100% | – | ||
liveoak.bank | liveoak.bank | 97% | #82,587 | – | |
| brex.com | 87% | 919.8K | #37,270 | View details | |
| cdvalet.com | 86% | #623,199 | View details | ||
| depositaccounts.com | 86% | 341.4K | #160,458 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Live Oak Bank
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- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Live Oak Bank
Complete news archive for Live Oak Bank
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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 CEO of Live Oak Bank, as recorded in our data.
Live Oak Bank is a funded company, having raised a total of $74.95M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.2M, raised on Apr 2009.
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's top competitors include Truist, First Republic Bank and Equity Bank.
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.
Live Oak Bank operates through Live Oak Bancshares, Inc..
Yes. Live Oak Bank publishes Live Oak Bank and 1 more app, with over 10,000 downloads.