This chapter discusses the approach of hiring domain experts to understand industries deeply and their progression from a startup bank to a $10 billion bank. They also talk about expanding their presence to multiple towns and their confidence in organic growth.
When Silicon Valley Bank collapsed, $43 billion left its doors in one afternoon, or $1 million every second. How has the banking landscape changed since then?
Motley Fool Senior Analyst Bill Mann caught up with Chip Mahan, CEO of Live Oak Bank. They discuss:
- The breakdown of communication between regulators and Silicon Valley Bank - How Live Oak Bank is differentiating itself from larger institutions - Why traditional banks may face margin issues in the “not too distant future”
Companies discussed: LOB, JPM
Host: Bill Mann Guest: Chip Mahan Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
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