Live Oak Bancshares and Live Oak Bank Announce Appointment of Patrick T. McHenry to Board of Directors, Effective May 21, 2025

Published: 2025-05-08 08:00:00 ET LOB

Published on 05/08/2025 at 08:00, updated on 05/08/2025 at 09:20

Live Oak Bancshares announced the appointment of Patrick T. McHenry to its board of directors effective May 21, 2025. McHenry has also been appointed to the board of directors of Live Oak Bank. McHenry currently lives in Washington, D.C. and serves as an advisor on public policy, financial services, fintech, and artificial intelligence matters, in addition to serving as a distinguished fellow at Georgetown University?s Psaros Center for Financial Markets and Policy.

He spent 20 years in Congress and is the former Chairman of the House Financial Services Committee and U.S. Representative for North Carolina?s 10th Congressional District. During his time leading the committee, McHenry drove a robust legislative agenda focused on cryptocurrency, capital formation, AI, fintech, data privacy, and corporate governance issues, among other topics. In addition to his role as Chairman of the Financial Services Committee, McHenry previously served in House Republican leadership as the Chief Deputy Whip and also served as Speaker Pro Tempore of the House in October of 2023.

He is a native of Gastonia, NC and a graduate of Belmont Abbey College.