The Bank Slate


Live Oak adds former First Horizon exec to its board

Live Oak Bancshares in Wilmington, N.C., has added a banking veteran to its board.

The $9.1 billion-asset company said in a press release Monday that Yousef Valine became a director on Sept. 15.
Valine recently served as chief operating officer, chief risk officer and merger executive at First Horizon in Memphis, Tenn. First Horizon is in the process of selling itself to TD Bank.
Valine has also held leadership posts at Wachovia, where he once was chief operating officer of the risk management division and head of the institutional risk group.
Valine “brings exceptional perspective and depth of experience in financial services and will be a valuable addition as Live Oak continues on its mission to be America’s small business bank,” Chip Mahan, Live Oak’s chairman and CEO, said in the release.

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