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Live Oak Bank Announces $2.5 Million Investment with Cape Fear Collective to Bring Affordable ...
Live Oak Bancshares, Inc.February 4, 2021 GMT
WILMINGTON, N.C., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Live Oak Bank has announced a $2.5 million investment with Cape Fear Collective designed to support affordable housing solutions in the Wilmington region. The investment is part of a broader initiative through Cape Fear Collective Ventures, a social impact investment initiative aimed at raising capital to scale solutions in affordable housing, workforce development, small business growth and transportation challenges.