Live Oak Bancshares Appoints Jeffrey Lunsford to Board of Directors

Live Oak Bancshares has appointed Jeffrey W. Lunsford to its board of directors, bringing over 30 years of fintech and software leadership experience. Lunsford is Chairman and CEO of Tealium and co-founder of DefenseStorm. He will leverage his expertise to assist Live Oak in its mission to redefine community banking. Lunsford anticipates working alongside the board and management to build toward the company's mission and create delightful customer experiences and improve operating efficiency.

Live Oak Bancshares has appointed Jeffrey W. Lunsford to its board of directors, bringing over 30 years of fintech and software leadership experience to the company. Lunsford, currently Chairman and CEO of Tealium and co-founder of DefenseStorm, will leverage his expertise to assist Live Oak in its mission to redefine community banking [1].

Lunsford's appointment was announced on August 12, 2025, by Live Oak Bancshares Chairman and CEO James S. Mahan III, who highlighted Lunsford's extensive experience in technology and financial services. Mahan noted that Lunsford's entrepreneurial success and expertise in fintech make him an excellent fit for Live Oak's mission [1].

Lunsford has a background in leading successful tech companies, including Limelight Networks, WebSideStory (now part of Adobe), and TogetherSoft. He is also a former Naval Aviator and holds a Bachelor of Science in Information and Computer Sciences from the Georgia Institute of Technology. Lunsford co-founded DefenseStorm, a real-time cyber safety and soundness platform for financial services, where he currently serves as Chairman of the board [1, 2].

The appointment of Jeffrey W. Lunsford to the board of directors brings significant expertise in fintech and technology, aligning with Live Oak Bancshares' mission to innovate in the financial services sector. Lunsford's extensive leadership experience at other successful tech companies signals strong potential for strategic guidance and enhanced operational effectiveness for Live Oak [1].

However, the strategic direction or specific initiatives that Jeffrey W. Lunsford will be leading are not yet clear, leaving stakeholders uncertain about the future impact of his appointment. Despite this, the addition of a board member with a background in customer data infrastructure may improve Live Oak's capabilities in creating better customer experiences and operational efficiency [1].

Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and parent company of Live Oak Bank. The company partners with businesses who share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoak.bank [1, 2].

References:
[1] https://www.quiverquant.com/news/Live+Oak+Bancshares+Appoints+Jeffrey+W.+Lunsford+to+Board+of+Directors
[2] https://www.stocktitan.net/news/LOB/live-oak-bancshares-announces-appointment-of-jeffrey-w-lunsford-to-6jxz160waa6j.html