Live Oak Bancshares Appoints Yousef A. Valine to Board of Directors
19 Settembre 2022 - 10:30PM
Live Oak Bancshares announced the appointment of Yousef A. Valine
to its board of directors effective September 15, 2022. Valine has
also been appointed to the board of directors of Live Oak Bank.
“We are very pleased to welcome Yousef to our board of
directors,” said Live Oak Bancshares Chairman and CEO James S.
(Chip) Mahan III. “He brings exceptional perspective and depth of
experience in financial services and will be a valuable addition as
Live Oak continues on its mission to be America’s small business
bank.”
Valine has more than 37 years of broad experience in financial
services, including 24 years at Wachovia and 13 years as First
Horizon Corporation. His leadership and expertise span credit,
market and operational risk management, regulatory relations,
management and board governance, Community Reinvestment and Bank
Secrecy Acts, operations, information technology, treasury
services, finance and mergers and acquisitions.
He previously served as Chief Operating Officer, Chief Risk
Officer, and Merger Executive at First Horizon. Prior to joining
First Horizon, Valine held progressively executive level roles at
Wachovia, the fourth largest financial institution in the United
States at the time, including Chief Operating Officer of the Risk
Management Division as well as the Head of Institutional Risk
Group.
Valine graduated from Georgia State University and has completed
the Risk Management Association’s Advance Risk Management program
at the Wharton School of the University of Pennsylvania, Wachovia’s
Executive Management programs at the University of North Carolina
at Chapel Hill and Duke University. He is an award-winning
author and has served as a visiting lecturer at the Wharton School
of the University of Pennsylvania.
“Since inception, under Chips’ leadership, Live Oak Bank has
created a unique business model and technology, culture, and
incentive systems that bring a highly differentiated value to the
bank’s associates and clients. I am pleased to join Live Oak’s
board and see firsthand how their well-thought-out strategies are
transforming financial services,” said Valine. “It is exciting to
join a bank that combines first-class service and next-generation
technology to support and empower America’s small businesses, and I
am thrilled to be part of the team.”
About Live Oak BancsharesLive Oak
Bancshares, Inc. (Nasdaq: LOB) is a financial holding company and
parent company of Live Oak Bank. Live Oak Bancshares and its
subsidiaries partner with businesses who share a groundbreaking
focus on service and technology to redefine banking. To learn more,
visit www.liveoakbank.com.
Contact:Claire Parker, SVP of Corporate
Communications910.597.1592claire.parker@liveoak.bank
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