Live Oak Bancshares Announces Appointment of Patrick T. McHenry to Board of Directors
Live Oak Bancshares (LOB) has appointed former U.S. Representative Patrick T. McHenry to its board of directors and Live Oak Bank's board, effective May 21, 2025. McHenry brings significant financial and policy expertise from his 20-year tenure in Congress, where he served as Chairman of the House Financial Services Committee and Representative for North Carolina's 10th Congressional District. During his leadership, he focused on cryptocurrency, capital formation, AI, fintech, and data privacy initiatives.
Currently based in Washington, D.C., McHenry serves as an advisor on public policy, financial services, fintech, and AI matters, while also holding a position as a distinguished fellow at Georgetown University's Psaros Center for Financial Markets and Policy. His previous roles include Chief Deputy Whip and Speaker Pro Tempore of the House in October 2023.
Live Oak Bancshares (LOB) ha nominato l'ex rappresentante degli Stati Uniti Patrick T. McHenry nel suo consiglio di amministrazione e in quello di Live Oak Bank, con effetto dal 21 maggio 2025. McHenry porta con sé una significativa esperienza finanziaria e politica maturata durante i suoi 20 anni al Congresso, dove ha ricoperto il ruolo di Presidente della House Financial Services Committee e rappresentante del 10º distretto congressuale della Carolina del Nord. Durante la sua leadership, si è concentrato su iniziative riguardanti criptovalute, formazione di capitale, intelligenza artificiale, fintech e privacy dei dati.
Attualmente basato a Washington, D.C., McHenry lavora come consulente su questioni di politica pubblica, servizi finanziari, fintech e intelligenza artificiale, ricoprendo anche il ruolo di distinguished fellow presso il Psaros Center for Financial Markets and Policy dell'Università di Georgetown. In passato ha ricoperto le cariche di Chief Deputy Whip e Speaker Pro Tempore della Camera a ottobre 2023.
Live Oak Bancshares (LOB) ha nombrado al ex representante de los Estados Unidos Patrick T. McHenry como miembro de su junta directiva y de la junta de Live Oak Bank, con efecto a partir del 21 de mayo de 2025. McHenry aporta una gran experiencia financiera y política adquirida durante sus 20 años en el Congreso, donde fue presidente del Comité de Servicios Financieros de la Cámara y representante del 10º distrito congresional de Carolina del Norte. Durante su liderazgo, se centró en iniciativas relacionadas con criptomonedas, formación de capital, inteligencia artificial, fintech y privacidad de datos.
Actualmente radicado en Washington, D.C., McHenry actúa como asesor en políticas públicas, servicios financieros, fintech e inteligencia artificial, y también es fellow distinguido en el Psaros Center for Financial Markets and Policy de la Universidad de Georgetown. Anteriormente, desempeñó los cargos de Chief Deputy Whip y Speaker Pro Tempore de la Cámara en octubre de 2023.
Live Oak Bancshares (LOB)는 전 미국 하원의원 패트릭 T. 맥헨리를 2025년 5월 21일부터 이사회 및 Live Oak Bank 이사회 멤버로 임명했습니다. 맥헨리는 20년간 의회에서 활동하며 하원 금융서비스위원회 위원장과 노스캐롤라이나 10지구 의원을 역임하며 금융 및 정책 분야에서 풍부한 전문성을 쌓았습니다. 그의 리더십 기간 동안 암호화폐, 자본 형성, 인공지능, 핀테크, 데이터 프라이버시 관련 이니셔티브에 집중했습니다.
현재 워싱턴 D.C.에 거주하는 맥헨리는 공공 정책, 금융 서비스, 핀테크, 인공지능 분야에서 자문 역할을 수행하며 조지타운 대학교의 Psaros 금융시장 및 정책 센터에서 저명 펠로우로 활동하고 있습니다. 이전에는 2023년 10월 하원 부총무 및 임시 의장직을 맡았습니다.
Live Oak Bancshares (LOB) a nommé l'ancien représentant des États-Unis Patrick T. McHenry à son conseil d'administration ainsi qu'à celui de Live Oak Bank, à compter du 21 mai 2025. McHenry apporte une expertise financière et politique importante acquise au cours de ses 20 années au Congrès, où il a été président du House Financial Services Committee et représentant du 10e district du Congrès de Caroline du Nord. Sous sa direction, il s'est concentré sur les initiatives liées aux crypto-monnaies, à la formation de capital, à l'intelligence artificielle, à la fintech et à la protection des données.
Actuellement basé à Washington, D.C., McHenry conseille sur les politiques publiques, les services financiers, la fintech et l'intelligence artificielle, tout en occupant un poste de distinguished fellow au Psaros Center for Financial Markets and Policy de l'université de Georgetown. Il a également occupé les fonctions de Chief Deputy Whip et Speaker Pro Tempore de la Chambre en octobre 2023.
Live Oak Bancshares (LOB) hat den ehemaligen US-Abgeordneten Patrick T. McHenry in seinen Vorstand und den Vorstand der Live Oak Bank berufen, mit Wirkung zum 21. Mai 2025. McHenry bringt umfangreiche finanzielle und politische Expertise aus seiner 20-jährigen Amtszeit im Kongress mit, wo er Vorsitzender des House Financial Services Committee und Vertreter des 10. Kongressbezirks von North Carolina war. Während seiner Führung konzentrierte er sich auf Kryptowährungen, Kapitalbildung, KI, Fintech und Datenschutzinitiativen.
Derzeit mit Sitz in Washington, D.C., berät McHenry in Fragen der öffentlichen Politik, Finanzdienstleistungen, Fintech und KI und ist zudem Distinguished Fellow am Psaros Center for Financial Markets and Policy der Georgetown University. Zuvor hatte er im Oktober 2023 die Positionen des Chief Deputy Whip und Speaker Pro Tempore des Repräsentantenhauses inne.
- Addition of high-profile board member with extensive financial policy expertise
- Strategic appointment bringing regulatory and fintech industry knowledge
- Enhanced leadership expertise in emerging technologies like AI and cryptocurrency
- None.
WILMINGTON, N.C., May 08, 2025 (GLOBE NEWSWIRE) -- 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.
“It is a privilege for Live Oak to have the astute financial and policy expertise of Patrick’s caliber join our board of directors,” said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. “His service to the U.S. government, and experience as former chairman of the House Financial Services Committee, will be a valuable addition to our leadership as Live Oak continues its mission to be America’s small business 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.
“Small business is a critical component of the U.S. economy, and I have long respected Live Oak Bank’s approach to supporting the capital needs of American entrepreneurs,” said McHenry. “There is a unique culture at Live Oak--one driven by an embrace of innovation and technology, two things that inspired much of my public policy work over the last 20 years. I am delighted to be part of the journey Chip and the team are on to serve small businesses in my home state of North Carolina and around the country.”
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.
About Live Oak Bancshares
Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses who share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoak.bank.
Contact:
Claire Parker
Live Oak Bank, Corporate Communications
910.597.1592
claire.parker@liveoak.bank
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