Live Oak Bancshares appoints David Lucht to the Board of Directors of the company and the Bank

– USA, NC –   Live Oak Bancshares, Inc. (NASDAQ: LOB) today announced the appointment of David Lucht to its board of directors, effective immediately. Lucht has also been appointed to the board of directors of Live Oak Bank.

“David has been part of the heart and soul of Live Oak since its earliest days,” said Live Oak Chairman and CEO Chip Mahan. “We are thrilled to have him join the board and continue leading the organization with the incredible level of dedication and acumen that has helped get us where we are today.”

About David Lucht

David Lucht is a founding member of the Live Oak Bank team and most recently served as executive vice president of credit before retiring in December 2020. He joined Live Oak in 2007 and helped design the bank’s approach to identifying and managing credit risk. Additionally, Lucht helped shape the corporate culture of the company since its inception and his leadership will continue to drive the company’s trajectory.

Before his career at Live Oak, Lucht held executive positions at financial institutions including chief credit officer, executive vice president, and director at First Merit Bank in Akron, OH, where he was responsible for leading a turnaround in the credit culture and performance of the $10.5 billion bank. Before First Merit, Lucht served as senior credit officer of National City Bank.

Lucht received a bachelor of science degree in marketing from Miami University in Ohio and a master’s in business administration from Kent State University.

“It is a privilege to continue working for Live Oak to help its customers achieve the American Dream,” said David Lucht. “There is truly no bank like Live Oak, and I am honored to join the board of directors to continue serving our employees, our country’s entrepreneurs, and our shareholders.”

About Live Oak Bancshares

Live Oak Bancshares, Inc. (Nasdaq: LOB), is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses which share a groundbreaking focus on service and technology to redefine banking.

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Talent4Boards Team