Live Oak Bank Company

Live Oak Bancshares, Inc. (Live Oak or Live Oak Bank) is an American financial services company. Live Oak specializes in originating SBA loans for new and expanding businesses. The bank is headquartered in Wilmington, North Carolina, with an office in California, in Santa Rosa. Unlike other banks, Live Oak does not use branches, instead originating loans and receiving deposits entirely online. The company was founded by James Mahan, who also founded Cardinal Bank and S1 Corporation.