Live Oak Bancshares announced that its Board of Directors has made several organizational appointments including naming a new CFO and President of Live Oak Bancshares. Neil L. Underwood has announced that he is stepping down as President of Live Oak Bancshares. William C. 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. Phifer has served as Treasurer since 2019 and has also held the role of Head of Finance, Planning and Analysis since 2022. He brings deep experience to the leadership team as the company continues to deliver innovative banking products, services, and solutions to its customers.
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