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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 several fintech and financial services boards including Apiture, a joint venture between Live Oak and First Data, which focuses on creating next-gen technology for financial institutions. He also 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. In addition, he is a director for digital payments company Payrailz; cloud-based cyber security firm DefenseStorm; the American Bankers Association and the University of North Carolina at Wilmington. Chip is also a co-founder of nCino, a cloud-based banking software built on the Salesforce platform.

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.