On October 2, 2017, Live Oak Bancshares, Inc. (the “Company”) announced the closing of the previously announced joint venture between Live Oak Banking Company and First Data Corporation. The transaction closed on October 1, 2017. A copy of the Company's press release announcing the closing is filed as Exhibit 99.1 hereto and incorporated by reference herein.

Live Oak Bancshares, Inc. Exhibit
EX-99.1 2 ex991-jvannouncement.htm EXHIBIT 99.1 Exhibit Exhibit 99.1First Data and Live Oak Bancshares Close Deal for Digital Banking Joint Venture The new company,…
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About LIVE OAK BANCSHARES, INC. (NASDAQ:LOB)

Live Oak Bancshares, Inc. is the bank holding company for Live Oak Banking Company (the Bank). The Bank is a commercial bank and a national online platform for small business lending. The Company provides certain small businesses across the United States a means to access capital. The Company primarily originates loans partially guaranteed by the United States Small Business Administration (SBA) to small businesses and professionals. It offers commercial and industrial loans, construction and development loans, and owner occupied commercial real estate loans for agriculture, death care management, healthcare, independent pharmacies, registered investment advisors and veterinary industry, among others. The Company also offers commercial land loans for agriculture. It owns Live Oak Grove, LLC, which provides company employees and business visitors an on-site restaurant location, and Government Loan Solutions, Inc., a management and technology consulting company, among others.