Live Oak Bancshares Announces Executive Appointments, Including Walter J. Phifer Named as Chief Financial Officer
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Tuesday, November 14, 2023
WILMINGTON, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today that its Board of Directors has made several organizational appointments including naming a new Chief Financial Officer and President of Live Oak Bancshares.
Key Points:
- WILMINGTON, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today that its Board of Directors has made several organizational appointments including naming a new Chief Financial Officer and President of Live Oak Bancshares.
- William C. (BJ) Losch III, who has been serving as both President of Live Oak Bank and CFO, will add the additional role of President of Live Oak Bancshares effective today and will step down as CFO at the end of this year.
- To fill that role, the board announced Walter J. Phifer as CFO of Live Oak Bancshares and Live Oak Bank effective January 1, 2024.
- “Walt is poised to lead Live Oak’s financial future and his leadership has been felt here for many years,” said Live Oak Chairman and CEO James S. (Chip) Mahan III.