Live Oak Bank News

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    Live Oak Bank shows their local support by assisting the Cape Fear Clinic

Live Oak Bank shows their local support by assisting the Cape Fear Clinic

By |April 23rd, 2013|

Tuesday, April 23, 2013 – Wilmington, NC – On May 14, 2013, the Cape Fear Clinic is holding their annual primary fundraiser, a breakfast at the City Club at de Rosset. The goal is to raise $20,000 to support the clinic’s operations.

“The Cape Fear Clinic is a 501 (c) (3) non-profit organization that provides medical care to people in southeastern North Carolina who do not have any health insurance or government health assistance,” stated John Devaney, Executive Director for the Cape Fear Clinic. “The no-fee clinic provides medical, dental, mental health and pharmacy services to qualifying individuals. As changes continue to be made to our country’s healthcare programs, there is a growing need for free services, so we are relying on additional donations and grants to cover those escalated costs. We are very grateful for Live Oak Bank’s contribution; we could not operate our clinic without outside donations.”

“As a Wilmington-based company, we are always seeking ways to give back to [...]

Live Oak Bank sponsors the Wilmington Fur Ball

By |November 28th, 2012|

Wednesday, November 28, 2012 – Wilmington, NC – On the evening of December 1, 2012, the seventh annual Wilmington Fur Ball will be held at the Country Club of Landfall. The black tie, red carpet gala will raise funds for the rescue and adoption efforts for two, local non-profit organizations: the Pender County Humane Society and Adopt an Angel of New Hanover County.

“Through the generosity of our sponsors and donors, the past six fundraising events have raised a combined $91,500, which has gone towards saving the lives of homeless animals in the New Hanover, Brunswick and Pender Counties,” stated Norma Troutman, Treasurer of the Wilmington Fur Ball Committee. “In the past, the Pender County Humane Society used their funds to assist in building their new shelter, and Adopt an Angel utilized the money to lower the cost of their spay and neuter program.”

“Live Oak Bank is happy to contribute towards the improved healthcare and shelter for abandoned animals in [...]

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    Live Oak Bank employees enjoy a day at Sunset Park Elementary

Live Oak Bank employees enjoy a day at Sunset Park Elementary

By |May 29th, 2012|

Tuesday, May 29, 2012 – Wilmington, NC – On Friday, June 1st, Live Oak Bank employees will spend the day with Kindergarten through fifth grade students at Sunset Park Elementary School. The Live Oakers will man nine different activity stations, which will revolve around the summer Olympic Games. The events include hurdles, Olympic torch relay, discus throw, shot put, Olympic rings, long jump and basketball shooting.

“We have been involved with Sunset Park since January,” stated David Lucht, Chief Risk Officer at Live Oak Bank. “We began the relationship by implementing Junior Achievement’s curriculum to teach children about financial responsibility. Our employees visited the school on a monthly basis, teaching the first graders about jobs, shared responsibilities within family units, and the difference in needs and wants. Upon completion of the program, they received complimentary books at their annual book fair. We hope that the children enjoyed the experience as much as our staff. Participating in Field Day was just [...]

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    Live Oak Bank sponsors the Greater Wilmington Chamber of Commerce’s Golf Tournament

Live Oak Bank sponsors the Greater Wilmington Chamber of Commerce’s Golf Tournament

By |May 15th, 2012|

Thursday, May 16, 2012 – Wilmington, NC – Live Oak Bank is partnering with the Greater Wilmington Chamber of Commerce to host the inaugural Wilmington Majors. The tournament will begin on May 21st and will run through October 1st. Thirty-two foursomes will compete for the “Live Oak Bank Cup” by playing at the area’s premiere courses: Cape Fear Country Club, Cape Fear National, Country Club of Landfall and Porter’s Neck Country Club.

“Starting in 1990, we organized an annual golf tournament that was held in the fall,” stated Connie Majure-Rhett, President and CEO of the Greater Wilmington Chamber of Commerce. “This is the first year where the participants will play in four tournaments throughout the year instead of just the one. The Wilmington Majors was launched in an effort to provide a fun networking event for local area businesspeople throughout the year. The tournament is a great way for professionals to make new contacts, entertain clients and build camaraderie within their [...]

Lee Williams elected Vice Chairman

By |May 7th, 2012|

Tuesday, May 8, 2012 – Wilmington, NC – At the annual shareholders meeting on Tuesday, May 1st, Lee Williams was elected Vice Chairman of Live Oak Bancshares and Live Oak Banking Company. Williams was one of the founders of the bank, which was formed in 2006. Since then, he has worked there managing customer portfolios and focusing heavily on business development. Prior to starting Live Oak Bank, Williams spent nineteen years in corporate banking at Wachovia and worked fourteen years at Vine Street Financial doing SBA lending. In 1973, he graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science degree in Business Administration.

“I am excited to take on this additional role at Live Oak,” expressed Williams. “When we started this bank in 2006, we had no idea it would become what it has today with seventy-two employees based all across the country. We are diversifying and growing, and I look forward to seeing [...]

Live Oak Bank Breaks Ground on New Headquarters

By |April 25th, 2012|

Thursday, April 26, 2012 – Wilmington, NC – On Tuesday, May 1, 2012, Live Oak Bank will host the groundbreaking of their new headquarters located at 1741 Tiburon Drive. The building, located just minutes from their current location off of Shipyard Boulevard, is expected to be completed sometime during the first quarter of 2013. Mayor Saffo will preside over the ceremony, and local friends of the bank, those who have contributed to the planning and construction, employees and Board members will all join in the celebration.

“This has been a major project, so we are very pleased to have the construction underway,” stated Lee Williams, one of the founders of Live Oak Bank. “Our employees work hard to make our bank a success, so this is a way to say thank you. We feel that building a positive, warm working environment in this special, wooded setting will be conducive to our needs and will only boost productivity.”

“All of us at [...]

Live Oak Bank Expands its Focus into Death Care Management

By |March 13th, 2012|

January 23, 2012  Wilmington, NC -  Live Oak Bank has expanded its concentration beyond the veterinary, dental and pharmacy industries to include lending for death care management business owners/operators. The bank will provide financing services including acquisition, refinancing, real estate, ground-up construction and remodel projects. In an effort to provide impeccable service and expertise to small business owners in this industry, we staffed a seasoned specialist in death care management along with having a consultant on hand.

On October 1st, Doug Gober was welcomed to the team. As a Senior Loan Officer, Gober will act as the industry expert and will help launch Live Oak Bank into unchartered territory. Thirty-two years ago, Gober began his funeral service careers as a sales representative in the casket industry. He has also served as a consultant on various international projects. From 1995 until 2011, Gober was offered a position with The Doody Group. He served as Executive Vice President and flawlessly directed and [...]

Live Oak Bank Pledges $3,000 to Assist Project C.U.R.E.

By |September 13th, 2011|

September 13, 2011 – Wilmington, NC – On Friday, September 16th, Project C.U.R.E. will hold their largest fundraising event of the year, the First Ladies’ Luncheon. This year’s luncheon, held at the Hyatt Regency in downtown Denver, will welcome Bolormaa Khajidsuren, the first lady of Mongolia. Each year, nearly 2,000 distinguished guests join together to learn about the First Lady’s key healthcare issues and raise funding to deliver life-saving medical supplies and equipment to the most deserving hospitals and clinics throughout her country. Former First Ladies’ Luncheons have welcomed Senora Ana Ligia de Saca of El Salvador, Mrs. Margarita Zavala of Mexico, Mrs. Kim Simplis of Belize, Mrs. Ernestina Naadu Mills of Ghana, the First Lady of Panama, Mrs. Marta Martinelli, and most recently Mrs. Mama Salma Kikwete, First Lady of Tanzania.

“Around the world, there are so many impoverished countries; it’s unfortunate that we cannot lend assistance to all of them,” commented Brian Faulk. “By offering financial support to [...]

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    Live Oak Bank supports Jimmy Neil’s Efforts to Raise Money for Cancer

Live Oak Bank supports Jimmy Neil’s Efforts to Raise Money for Cancer

By |August 16th, 2011|

August 16, 2011 – Wilmington, NC – The idea behind Pelotonia started in 2008 when two friends, one being a cancer survivor, rode 163 miles across Cape Cope in support of the Dana Farber Cancer Institute. The strenuous but rewarding ride created a strong bond between the two men and inspired Tom Lennox to come up with the business model for Pelotonia. The concept is that corporate partners cover the expenses of the actual race to ensure that every penny of every dollar raised by the cyclists goes directly to fund cancer research. Since government funding has not increased in years despite the ever-rising number of people being diagnosed, Lennox made it his mission to boost the funds for cancer research. He couldn’t ignore the statistics that 1 in 2 men and 1 in 3 women will be diagnosed with some form of cancer during their lifetime.

From August 19th – 21st, Jimmy Neil will participate in the grassroots bike [...]