![]() “We couldn’t be more excited to have him join the Live Oak team and help our customers achieve their goals.” “Shannon’s experience helping accounting and tax firms grow and achieve ownership is unmatched,” said Kay Anderson, General Manager of Emerging Markets at Live Oak Bank. Prior to that, Hay focused on specialty lending at Bank of America Practice Solutions. He joins Live Oak Bank after serving as vice president and development officer for one of the Southeast’s largest full service banks, where he led the development of the bank’s CPA SBA 7(a) lending program. Hay has spent his career helping entrepreneurs achieve their goals of small business ownership. In this role, Hay will work with Live Oak’s accounting and tax firm customers to help them start or grow their businesses through financing. (“Live Oak”) (Nasdaq:LOB) announced today that the bank is expanding its accounting and tax firm expertise through the hire of Senior Loan Officer Shannon Hay. 23, 2017 (GLOBE NEWSWIRE) - Live Oak Bancshares, Inc. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation.WILMINGTON, N.C., Aug. Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (Nasdaq:LOB), is a digitally focused, FDIC-insured bank serving customers across the country. To learn more about Live Oak Bank and our services for M&A, visit. The dedicated team has extensive SBA expertise to help brokers, intermediaries, search funds and individuals understand the process of acquiring a business structured with SBA financing. Live Oak specializes in acquisition financing across all industries nationwide. Randall received a bachelor’s degree in agribusiness management from Purdue University. In his most recent role, he worked at one of the nation’s largest banks, where he generated more than $400 million in loans to small businesses. In his role at Live Oak, he will use his expertise to guide customers through SBA loan structures geared for cashflow lending, goodwill financing and working capital. ![]() Randall joins Live Oak as a seasoned lender, with more than 17 years of commercial lending experience. Furstenau received a bachelor’s degree in accounting and finance from Northern Illinois University. In his most recent role, he worked at one of the nation’s largest banks, and has generated more than $200 million in loans to small businesses over his career. In his role at Live Oak, he will use his expertise to guide customers through SBA loan structures geared for cashflow lending, goodwill financing and working capital. Selling or merging a business is incredibly complex and their strengths in helping customers navigate the M&A process will be an asset to both the Live Oak team as well as our customers looking to achieve the American dream of being a small business owner,” said Kay Anderson, director of emerging markets at Live Oak Bank.įurstenau joins Live Oak as a seasoned lender, with more than 15 years of commercial lending experience. “Ryan and John are exceptional additions to our M&A team. Furstenau and Randall will specialize in business acquisitions, real estate equipment and partner buyouts. WILMINGTON, N.C., (GLOBE NEWSWIRE) - Live Oak Bank announces Ryan Furstenau and John Randall will serve as a senior loan officers for the bank’s mergers and acquisitions team.
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