On July 1, 2026, Live Oak Bancshares, Inc. appointed Matthew S. Diffley as its Principal Accounting Officer, replacing interim PAO Walter J. Phifer. Mr. Diffley joined the subsidiary Live Oak Banking Company as Chief Accounting Officer on June 29, 2026, having previously served as Senior Vice President and Controller for Seacoast Banking Corporation of Florida. The company expects to grant Mr. Diffley a restricted stock unit award with a grant date fair value of $200,000, vesting in five equal annual installments. The company operates in the financial services industry as a bank holding company.

J. Wesley Sutherland stepped down as Chief Accounting Officer of Live Oak Bancshares, Inc. and its subsidiary, Live Oak Banking Company, on June 18, 2026. Walter J. Phifer, the current CFO, assumed the role of Principal Accounting Officer on an interim basis effective June 16, 2026, while an external search for a successor is conducted. Mr. Sutherland will serve as a Senior Advisor to assist with the transition until his retirement around September 30, 2026. The company operates in the financial services industry as a bank holding company.