Live Oak Bank Announces New Lending Segment for the Automotive Care Industry
|WILMINGTON, N.C., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Live Oak Bank (“Live Oak”) announced today it has officially launched a new lending division focused on financing for the automotive care industry. The vertical marks Live Oak’s 16th industry specific lending division and will concentrate on businesses that provide quick lube services, tire centers, service and maintenance shops, collision shops, paint and body shops, and select auto part franchises.
Live Oak Bank assembled a team of exp... |
Live Oak Bank Adds Jackie Robinson-Burnette as Industry Expert for the Government Contracting Segment
|WILMINGTON, N.C., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announced today that the bank is expanding its government contracting expertise through the hire of Jackie Robinson-Burnette who has joined the company as the federal government contracting lending team’s industry expert.
In this role, Robinson-Burnette will work with government contractors to help them start or grow their businesses through financing. By applying her extensive experience... |
Live Oak Bancshares, Inc. Reports Third Quarter 2017 Results
|WILMINGTON, N.C., Oct. 25, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported third quarter net earnings available to common shareholders of $12.9 million, or $0.33 per diluted share, compared to $3.5 million, or $0.10 per diluted share, for the third quarter of 2016.
“We are very pleased with our third quarter performance. We continue our mission to serve the needs of small businesses with year-to-date loan and lease originations of... |