Average User Rating:3 star rating based on 3 reviews.
Live Oak Banking Company
Live Oak Banking Company Locations|
2605 Iron Gate Drive, Suite 100 Wilmington, NC 28412 (877) 890-5867 www.liveoakbank.com  |
 |
Live Oak Banking Company is headquartered in Wilmington and is the 35th largest bank in the state of North Carolina. It is also the 1,941st largest bank in the nation. It was established in 2008 and as of December of 2012, it had grown to 94 employees at 1 location. Live Oak Banking Company has a 5-star health rating.
Live Oak Banking Company Routing Number: 053112822
Related Posts
Top Money Market and CD Rates at Live Oak Bank - North Carolina Only - 2/28/2013
Live Oak Bank is offering very competitive rates on its money market account and on its CDs. The money market account is a tiered-rate account with a top rate of 1.35% APY for balances of at least $25 ...
Data for Q4 2012
Institution Statistics
|
Institution Health
Overall Score:
5 out of 5 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Response
- Jake - Friday, March 1, 2013 - 4:28 PMThe CD disclosure statements are not contradictory. APY is based on interest being compounded. If interest payments are withdrawn during the term it reduces the APY.
1
Live Oak Bank, Wilmington, NC
- usst2009 - Monday, February 25, 2013 - 11:02 AMThe bank seems understaffed for online customers and does not give clear answers to questions. Its CD account disclosure document is contradictory: For its simple interest-bearing CD products, in one place it says you can withdraw interest that has been posted without penalty, but in another place it says that the APY is affected if you withdraw interest. Nothwithstanding the great interest rates, I would not take a chance depositing funds with this bank. Live Oak seems incapable of dealing with banking questions professionally.
1
Nationwide Savings Accounts
Featured Accounts
CIT Bank
3-year Term IRA CD
1.21% APY
3-year Term IRA CD
1.21% APY
* All banks listed are a Member FDIC.
Amazing Experience
Never had such an amiable exprience with a Bank. I have a lot of exprience with Banks. This past year I was looking to get financing to build a Dental office from scratch. I was turned down by 3 Banks and the 4th Bank (AVIDIA BANK) agreed to finance us, but backed off last min. AVIDIA BANK backed off after giving us a commitment letter. At this time we had already invested around $230,000 on attorney , Architects, Permits, appraisal etc.
The seller was gracious enough to extend the closing 2 more months after he knew what we had been through with AVIDIA BANK. This is when Live oak Bank came on the scene. My project is in Melrose, MA but Keith Merklin, senior loan officer flew down to meet us in person to discuss the loan. We had exactly 1 month for closing. This guy is really amazing and he made this miracle of closing on the 28th Feb,the last day of closing. The people who worked with Keith were very effecient and through and it was a totally different experience working with Live Oak Bank. Keith is a straight shooter and he tells you exactly where you stand and what can be done, unlike most bankers. This guy has brought my faith back in bankers.