Inductee

James S. "Chip" Mahan
Live Oak Bancshares
Chip Mahan has built his career revolutionizing the banking industry.
He founded and currently serves as CEO and chairman of Live Oak Bancshares,
headquartered in Wilmington, NC. Its commercial banking subsidiary,
Live Oak Bank, specializes in providing lending and deposit services
to small businesses nationwide. Live Oak Bank is the nation’s leading
SBA and USDA lender and was selected as the winner of the 2018 BAI Global
Innovation Awards in the internal process innovation category for converting
all bank operations to the cloud.
Chip serves on the board of directors for Apiture, a joint venture between
Live Oak and First Data, which focuses on creating next-gen technology for
financial institutions. He serves on the board of Finxact, the cloud-native
core-as-a-service platform founded in part by Mahan and other industry
pioneers with deep expertise in financial technology and core banking.
He is also a director of Payrailz, a digital payments company which offers
advanced solutions for the financial services industry. Chip is a co-founder
of nCino, a cloud-based banking software built on the Salesforce platform.
Chip was named the EY Entrepreneur of the Year Lifetime Achievement Award
winner for the Southeast in 2021. Previous to Live Oak, Chip was the CEO
and chairman of S1 Corporation and founder of Security First Network Bank,
one of the world’s first internet banks. He began his career in 1973 at
Wachovia Bank & Trust Co., after graduating with a bachelor’s degree in
economics from Washington & Lee University.