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Our Story

We’re on a mission to be America’s small business bank.

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation.

Live Oak is undeniably different than other financial institutions. In 2008, our founders set out to revolutionize banking. Learn more about the bank’s origin story and how we launched our mission to be America’s small business bank.

What Sets Live Oak Apart

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Customer Service

We work tirelessly to treat every customer like they are the only customer. Going above and beyond is simply how we operate. We strive to deliver an experience that’s different than what you’d typically expect from a bank — our customers remain at the center of everything we do here at Live Oak.

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Product & Industry Expertise

We specialize in over 30 different industries and we’re a leading USDA2 lender and the top SBA1 lender in the nation.

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Suite of FDIC-Insured3 Banking Products

We have savings and CD accounts for your business and your personal use.

Safety & Soundness

At Live Oak, we prioritize safety, soundness, profitability and growth — in that order. We’re focused on serving you, our valued customers, and take your trust in us very seriously.

 

Well-Fortified Financials

Live Oak does not have any deposit or industry concentrations. Our capital ratios are healthy, as is our balance sheet, giving us a foundation to deliver on our mission to serve American small business owners.

Protecting Our Customers’ Assets

As an FDIC-insured bank, your business and personal deposits are insured up to $250,000 per depositor for each account ownership category.

Insured Cash Sweep

We offer up to $10 million in FDIC insurance coverage on business deposits through insured cash sweep – learn more here.

Live Oak Bank valued customers whose financial assets are well fortified by FDIC insurance coverage on business deposits through insured cash sweep