Live Oak Bank Names William C. (BJ) Losch, III as President
25 Agosto 2023 - 5:30PM
Live Oak Bancshares (“Live Oak” or the “company”) announced today
its Board of Directors has appointed William C. (BJ) Losch, III as
President of Live Oak Bank effective today. Losch will continue to
serve in his role as Chief Financial Officer of Live Oak
Bancshares.
Losch brings a wealth of experience and knowledge as Live Oak
continues to expand its lending franchise, while launching new
products and solutions to support its growing customer base. As CFO
and Chief Banking Officer, Losch’s impact on company performance
has exceeded expectations and he is well suited to take on this new
leadership role for the company.
“The Board and I are beyond excited to see BJ take on this role
and lead Live Oak into the future. He has been instrumental in
making numerous positive changes to how we operate the business and
manage our financial performance, while embracing our strong
commitment to employees and customers,” said Live Oak Chairman and
CEO James S. (Chip) Mahan III. “Huntley Garriott, who has been
serving as President since 2018, worked tirelessly through many
challenges to place Live Oak on incredible footing, and we are very
grateful for his contributions to our company. We wish him well in
his next endeavor.”
Losch has been serving as Chief Financial Officer for the past
two years and will continue to do so. As Chief Banking Officer he
has been leading our customer facing sales, support and operational
groups across all lending and deposits functions at the bank.
“I love the Live Oak mission. I believe our opportunity is
tremendous and our culture is extraordinary. I am excited to take
on this new challenge of leading a strong team and helping to guide
and shape our unique model as we serve small businesses across the
country,” said Losch.
Prior to joining Live Oak, BJ spent 12 years at First Horizon
Corporation as senior executive vice president and CFO leading its
financial activities, which included treasury, accounting,
controls, tax, financial planning, strategic planning, investor
relations and corporate development/M&A.
Prior to his role at First Horizon, Losch held progressively
senior roles at First Union and Wachovia and served as senior vice
president and chief financial officer for the general bank at
Wachovia, the largest of the corporation’s four major business
lines.
Losch holds a Bachelor of Science degree in business
administration from the University of Richmond and a Master of
Business Administration from Virginia Commonwealth University.
About Live Oak BancsharesLive Oak Bancshares,
Inc. (NYSE: LOB) is a financial holding company and parent company
of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner
with businesses that share a groundbreaking focus on service and
technology to redefine banking. To learn more, visit
www.liveoakbank.com.
Contacts:Claire Parker | SVP Corporate
Communications910.597.1592
Live Oak Bancshares (NYSE:LOB)
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