Live Oak Bank

Live Oak Bank, based in Wilmington, North Carolina, is a nationwide online bank specializing in lending to small businesses. Member of FDIC and an equal housing lender, it provides personal and business savings accounts, certificates of deposit (CDs) as well as investment services through Live Oak Private Wealth, LLC. The Bank’s lending portfolio includes loans for auto dealerships; wine and craft beverage loans, veterinary loans, poultry farm loans, accounting & tax firms loans, automotive care business loans, broadband business financing, loans for educational franchises, entertainment center loans, energy & infrastructure loans and pharmacy loans for independent pharmacists. It also offers franchise restaurant and fitness financing, funeral home and cemetery loans, government contract financing; healthcare practice loans for dentists, ophthalmologists and ambulatory surgical centers as well as hotel loans, insurance agency loans, independent investment advisor loans, self-storage loans, senior care loans, service contractor loans and more. Live Oak is one of the largest originators of loans guaranteed by the SBA (Small Business Administration). As of June 2023, Live Oak Bank had $10.7 billion in total assets and $9.96 billion in deposits. The company was established in 2008 and today employs over 810 people. It operates as a subsidiary of Live Oak Bancshares, a bank holding company.

Personal Online Savings Account
APY - 4.40%
No monthly maintenance fees
No minimum balance requirements
Interest compounded daily
FDIC insured

Business Online Savings Account
APY - 4.00%
No monthly fees
No minimum balance requirements
Interest compounded daily
(APY is accurate as of April 2024)

Head office address:
1741 Tiburon Drive
Wilmington, NC 28403
United States
Website: www.liveoakbank.com

Phone number: 866 518 0286
Opening hours
Monday - Friday, 9 am - 5 pm
Saturday, Sunday - Closed
Routing number: 053112822