Federal Reserve Board announces approval of notice filed by Live Oak Bancshares, Inc.

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Federal Reserve Board announces approval of notice filed by Live Oak Bancshares, Inc.

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The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 14, 2013. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced its approval of the notice under section 4 of the Bank Holding Company Act by Live Oak Bancshares, Inc., Wilmington, N.C., to engage in certain nonbanking activities through the acquisition of Government Loan Solutions, Inc., Cleveland.

Attached is the Board's Order relating to this action.

Attachment (PDF) For media inquiries, call 202-452-2955.

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Source: Board of Governors of the Federal Reserve System

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