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Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.
December 3 -
Financial institutions are often thought of as major consumers of technology, but a pair of recent examples show that more tech is being developed in-house and, once proven feasible, monetizing it. Expect more spin-offs, observers predict.
November 5 -
Last year's No. 1 on our list of best places to work is this year's top scorer as well. From providing free Friday lunches to paying the full cost of health insurance, few do as much for employees as this niche lender.
August 25
Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.
Thompson steps into the newly created position after having been brought on recently to lead the $946 million-asset company's new e-Lending initiative. He will continue to report to Live Oak's president, Neil Underwood.
"[Thompson's] background in technology and operations makes him uniquely qualified to help us further scale the business," Underwood said in a news release Thursday.
Prior to joining Live Oak, Thompson served as the executive vice president of shared services at Square 1 Bank, which was acquired by PacWest Bancorp in October.
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