Mahan James III Sells Shares of Live Oak Bancshares, Inc. $LOB
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Mahan James III, Chief Executive Officer at Live Oak Bancshares, Inc. ($LOB), sold 10,000 shares at an average price of $38.19, for a total transaction of $381,900. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Live Oak Bancshares, Inc. Stock Down 2.7%
Shares of Live Oak Bancshares, Inc. ($LOB) traded around $39.03 on Saturday, down 2.7% for the day.
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About Live Oak Bancshares, Inc.
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also provides commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company offers settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; strategic wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was founded in 2008 and is headquartered in Wilmington, North Carolina.
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