Live Oak Bank is a finance company focusing on lending, banking services, and financial solutions. Founded in 2008 as a subsidiary of Live Oak Bancshares, Inc., the company has grown to become a key player in the finance industry. With headquarters in North Carolina, Live Oak Bank employs a diverse workforce of 617 people and generates annual revenue of $135 million.
Under the leadership of CEO James S. Mahan III, also known as Chip, the company has built a reputation for its commitment to diversity and employee retention. With 40.9% female and 39.8% ethnic minority employees, Live Oak Bank fosters an inclusive environment. However, it is worth noting that an unusually high proportion of the staff are members of the Republican Party, at 85%. Regardless of political affiliations, employees enjoy working at Live Oak Bank, often staying with the company for approximately four years.
