On July 1, 2022, Live Oak Bancshares, Inc. expanded roles for four members of its senior management team. William C. (BJ) Losch III, was named Chief Banking Officer, expanding his role to lead the Company's lending, deposits and related operations in addition to his role as Chief Financial Officer. Stephanie A. Mann was named Chief Strategy Officer, expanding her role leading corporate strategy, development, Live Oak Ventures, Inc. and Live Oak Private Wealth, LLC.

Courtney C. Spencer was named Chief Experience Officer, expanding her strategic oversight of the employee experience to incorporate facilities management and related operations. Gregory W. Seward was named Chief Risk Officer & General Counsel, incorporating legal, compliance, and risk management under his leadership, after Susan N. Janson informed the Company of her intent to retire in 2023.