LOB stock news · Live Oak Bancshares, Inc.
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Live Oak Bancshares is changing the rules for its security holders by issuing 4,000,000 new depositary shares.
NeutralLOB issued 4 million depositary shares representing $100 million in liquidation preference at a fixed 8.75% rate. The funding adds payment costs, but the filing shows no clear change in LOB's outlook.
Live Oak Bancshares, Inc. says some directors and officers are leaving, while new ones are being chosen.
NeutralLive Oak Bancshares said its digital chief will leave for other work. The filing describes no business effect, so this news does not change the company's outlook.