Jeffrey W. Lunsford Joins Live Oak Bancshares' Board of Directors

Live Oak Bancshares Welcomes New Board Member

Live Oak Bancshares has announced the exciting addition of Jeffrey W. Lunsford to its board of directors. This development marks a significant step as the company aims to further strengthen its leadership and direction in the financial services sector.

Meet Jeffrey W. Lunsford: A Visionary Leader

Lunsford comes with a rich and diverse background in the financial technology industry. With over 30 years of experience, he is recognized as a proven leader in fintech and software development. Currently, he is the Chairman and CEO of Tealium, known for its innovative customer data solutions that support businesses in the age of artificial intelligence.

A Robust Background in Technology

His past roles include serving as the CEO of both Limelight Networks and WebSideStory, a dynamic SaaS-based web analytics firm that transitioned to public markets in 2004 and is now integrated into Adobe Systems. Lunsford's earlier career also features significant achievements, such as leading TogetherSoft, a company specializing in software development tools, before its acquisition by Borland Software. His expertise encompasses various facets of corporate development and strategic growth within influential tech companies.

Vision for Live Oak Bancshares

The synergy between Live Oak Bancshares and Lunsford is anticipated to yield fruitful outcomes, particularly as the bank continues to innovate in serving small businesses. In the words of the bank's Chairman and CEO, James S. (Chip) Mahan III, "Jeff brings a depth of technical knowledge that will enhance our capabilities as we work together to redefine community banking for the future."

Commitment to Small Businesses

With a clear vision in mind, Lunsford expressed his eagerness to contribute to Live Oak's mission, emphasizing a commitment to improving customer experiences and operational efficiency. He noted, “The Live Oak team has been at the forefront of financial service innovations for years. I’m excited to partner with the board and management in this mission, which champions small businesses across the country.”

Background and Credentials

Beyond his professional achievements, Lunsford's foundation in technology was solidified with a Bachelor of Science degree in Information and Computer Sciences from the prestigious Georgia Institute of Technology. His passion for cybersecurity led him to co-found DefenseStorm, a robust platform focused on real-time cyber safety for financial services, where he currently serves as board chairman.

About Live Oak Bancshares

Live Oak Bancshares, Inc. (NYSE: LOB) operates as a financial holding company and is the parent organization of Live Oak Bank. The company is dedicated to working with businesses that prioritize service and innovation, revolutionizing the banking experience for its customers. To discover more about their offerings and initiatives, please visit www.liveoak.bank.

Contact for further inquiries:
Claire Parker
Live Oak Bank, Corporate Communications
910.597.1592
claire.parker@liveoak.bank

Frequently Asked Questions

What position has Jeffrey W. Lunsford been appointed to at Live Oak Bancshares?

Jeffrey W. Lunsford has been appointed to the board of directors of Live Oak Bancshares.

What is Lunsford's professional background?

Lunsford has over 30 years of experience in fintech and has served as CEO of multiple tech companies, including Tealium and Limelight Networks.

What is Live Oak Bancshares known for?

Live Oak Bancshares focuses on partnering with businesses to provide innovative banking services tailored for small businesses.

How can I learn more about Live Oak Bancshares?

More information can be found on their website at www.liveoak.bank.

Who should I contact for media inquiries regarding Live Oak Bancshares?

For media inquiries, contact Claire Parker at Live Oak Bank via phone at 910.597.1592 or email at claire.parker@liveoak.bank.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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