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.


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