Jeffrey W. Lunsford Joins Live Oak Bancshares Board
Press Release: Exciting News from Live Oak Bancshares
Live Oak Bancshares announced a significant new appointment to its board of directors, welcoming Jeffrey W. Lunsford. His extensive background in technology and financial services positions him as a valuable asset for the company.
A Wealth of Experience
Jeffrey W. Lunsford brings over three decades of experience in leading fintech and software companies. He is best known for his role as Chairman and CEO of Tealium, a firm specializing in customer data infrastructure tailored for the modern digital age. Prior to Tealium, Lunsford held similar leadership roles at Limelight Networks and WebSideStory, which once became a part of Adobe Systems.
Transforming Community Banking
James S. (Chip) Mahan III, Chairman and CEO of Live Oak Bancshares, emphasized that Lunsford’s innovative approach aligns perfectly with the bank's mission. "He understands the financial landscape and will help us create forward-thinking solutions for our customers," Mahan stated.
Comprehensive Leadership Background
Before joining Live Oak, Lunsford served as the CEO of TogetherSoft and was pivotal in the acquisition of this software company by Borland Software. Additionally, he has a rich background in corporate development from his tenure at S1 Corporation.
Vision for the Future
Lunsford expressed his enthusiasm about the future of Live Oak and the opportunity to contribute to its goal of becoming a leading bank for small businesses across America. He remarked, "The Live Oak team has been ahead of the curve in financial innovation, and I look forward to helping enhance customer experiences that foster greater efficiency in banking operations."
A Solid Educational Foundation
In addition to his professional achievements, Lunsford is a former Naval Aviator. His educational background includes a Bachelor of Science in Information and Computer Sciences from the Georgia Institute of Technology. Lunsford also co-founded DefenseStorm, a cybersecurity company aimed at ensuring real-time safety for financial institutions, where he continues to serve as Chairman.
About Live Oak Bancshares
Live Oak Bancshares, Inc. (NASDAQ: LOB) operates as a financial holding company and the parent company of Live Oak Bank. Committed to redefining banking, Live Oak Bancshares collaborates with innovative businesses focused on exceptional service and advanced technology.
Contact Information
For inquiries, please reach out to:
Claire Parker
Corporate Communications, Live Oak Bank
910.597.1592
Contact via email: claire.parker@liveoak.bank.
Frequently Asked Questions
Who is Jeffrey W. Lunsford?
Jeffrey W. Lunsford is the newly appointed board member of Live Oak Bancshares, with extensive experience in technology and fintech.
What role will Lunsford play at Live Oak Bancshares?
He will leverage his expertise to enhance innovation and customer experience as part of the company's strategic goals.
What companies has Lunsford previously led?
Lunsford previously served as CEO for Tealium, Limelight Networks, and WebSideStory, among others.
What is Live Oak Bancshares’ mission?
The company aims to redefine banking through innovative technology and exceptional service, focusing on small businesses in America.
How can I contact Live Oak Bancshares?
You can reach Claire Parker at Live Oak Bank by calling 910.597.1592 or emailing claire.parker@liveoak.bank.
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