Live Oak Bank Announces Alliance with Whitman Business Advisors

WILMINGTON, N.C. (July xx, 2018) – Live Oak Bank is pleased to announce a partnership with Whitman Business Advisors designed to help accounting and tax firms simplify the process of buying or selling a firm. With the steady growth of transfers of ownership in the industry, the partnership allows Whitman to guide the M&A process and Live Oak to offer
expert financing for the deal.

“With the market primed for firm transitions, we believe that a concentrated focus on tools, market access and financing will help accountants more effectively facilitate these transitions,” said Shannon Hay, industry expert of accounting and tax lending at Live Oak Bank. “Aligning with Whitman Business Advisors in a collaborative effort makes it easier for the firms and lets us tailor solutions to meet their needs.”

“Working with trusted partners to empower accountants and aid in successful M&A transactions is paramount,” said Philip Whitman, President and CEO of Whitman Business Advisors. “Since having access to sound advice and financing will be paramount, we are collaborating to make it easy for accountants to find and work with us based on their specific needs.”

To learn more about Live Oak Bank and its services for accounting and tax firms, visit www.liveoakbank.com/accounting.
To learn more about strategic partnership with Whitman Business Advisors, visit www.whitmanbiz.com.

About Live Oak Bank

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (Nasdaq: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation.

To learn more, visit www.liveoakbank.com.

About Whitman Business Advisors

Whitman Business Advisors is a national consultancy serving CPAs and CPA firms exclusively. Its Six Pack Plus of services includes: mergers and acquisitions, talent acquisition, partner retreats, training and coaching, lead generation and practice management consultation. For a 30 second video about our services click here

Contact:
Claire Parker, Senior Public Relations Manager
910.597.1592
claire.parker@liveoakbank.com

Sarah Carroll, Marketing Programs Manager
910.550.2308
sarah.carroll@liveoak.bank