leadership
confidence high
sentiment neutral
materiality 0.40
Live Oak Bancshares appoints Patrick T. McHenry to board, effective May 21, 2025
Live Oak Bancshares, Inc.
- McHenry, former Chairman of the House Financial Services Committee, joins board of Live Oak Bancshares and its banking subsidiary.
- Appointment effective May 21, 2025; term runs until 2026 annual meeting of shareholders.
- Compensation under existing non-employee director plan, pro-rated for partial term; no related party transactions disclosed.
- McHenry served 20 years in Congress, including roles as Chief Deputy Whip and Speaker Pro Tempore.