Live Oak Bank names William Losch president

Live Oak Bancshares announced its Board of Directors has appointed William C. (BJ) Losch, III as President of Live Oak Bank effective Friday. Losch will continue to serve in his role as Chief Financial Officer of Live Oak Bancshares. Losch brings a wealth of experience and knowledge as Live Oak continues to expand its lending franchise, while launching new products and solutions to support its growing customer base. As CFO and Chief Banking Officer, Losch’s impact on company performance has exceeded expectations and he is well suited to take on this new leadership role for the company. “The Board and I are beyond excited to see BJ take on this role and lead Live Oak into the future. He has been instrumental in making numerous positive changes to how we operate the business and manage our financial performance, while embracing our strong commitment to employees and customers,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “Huntley Garriott, who has been serving as President since 2018, worked tirelessly through many challenges to place Live Oak on incredible footing, and we are very grateful for his contributions to our company. We wish him well in his next endeavor.”