Live Oak Bank Employees Assemble 3,000 Hygiene Kits for Local Wilmington Community

Rhea-AI Summary

Live Oak Bank organized a charitable event on July 20, 2022, where over 700 employees packed 3,000 hygiene kits for local shelters and hurricane relief efforts in Wilmington, N.C. The kits included essential items like shampoo, deodorant, soap, and toothbrushes, showcasing the bank's commitment to community service.

Director of Philanthropy, Kate Groat, emphasized the event's impact on addressing homelessness and immediate needs. Live Oak collaborates with Port City Community Church to distribute the kits to nonprofit organizations in the area.

Positive

• Involvement of over 700 employees in community service enhances corporate reputation.
• Donation of 3,000 hygiene kits directly benefits local shelters and vulnerable populations.
• Strong alignment of corporate funds with employee interests in social initiatives.

Negative

• None.

WILMINGTON, N.C., July 22, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank employees packed 3,000 hygiene kits to benefit local shelters, women’s centers, and hurricane relief. 

More than 700 Live Oakers participated in the charitable service project on Wednesday, July 20, to benefit the greater Wilmington community. Employees packed plastic zip bags with shampoo, deodorant, soap, microfiber towels, combs, toothbrushes, and toothpaste. The event was part of Live Oak’s philanthropic mission to align corporate funds with employee interests in organizations that support and promote education, health, human services, and workforce development.  

“Live Oak is proud to have an impactful community service event that directly benefits neighbors in our own backyard,” said Kate Groat, Live Oak Bank Director of Philanthropy. “Our aim is to give essentials to those in need including people impacted by homelessness, displacement, and immediate challenges.”

Live Oak is working with Port City Community Church to help identify nonprofit organizations to receive and distribute the kits locally.

About Live Oak Bancshares
Live Oak Bancshares, Inc. (Nasdaq: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoakbank.com. 

Contact:
Claire Parker | SVP Corporate Communications
Media Relations
910.597.1592

FAQ

What did Live Oak Bank do on July 20, 2022?

On July 20, 2022, Live Oak Bank employees packed 3,000 hygiene kits for local shelters and hurricane relief.

How many employees participated in the Live Oak Bank service project?

More than 700 employees of Live Oak Bank participated in the service project.

What items were included in the hygiene kits packed by Live Oak Bank?

The hygiene kits included shampoo, deodorant, soap, microfiber towels, combs, toothbrushes, and toothpaste.

Which church is Live Oak Bank collaborating with for the distribution of the kits?

Live Oak Bank is working with Port City Community Church to distribute the hygiene kits.

What is the mission of Live Oak Bank's charitable project?

The mission is to provide essential items to those in need, including individuals affected by homelessness and displacement.

What is the stock symbol for Live Oak Bancshares?

The stock symbol for Live Oak Bancshares is LOB.