We aim to be the best small business lending bank by leveraging advanced technology. We pioneered embedded banking using our next generation core. With integrated banking, payments, loans, and more, we can serve various industries. Unlike other banks, we focus on small businesses with revenues between $2 and $5 million. The top 50 banks have 80% market share but struggle with businesses under $1 million. By excelling in lending and deposit services, we can achieve our dream after 15 years of hard work.
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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