Management ChangeJul 2, 2026, 04:18 PM
Live Oak Bancshares Appoints Matthew Diffley as Principal Accounting Officer
AI Summary
Live Oak Bancshares, Inc. announced the appointment of Matthew S. Diffley as its Principal Accounting Officer (PAO) and Chief Accounting Officer (CAO). Mr. Diffley, 46, joined Live Oak Banking Company on June 29, 2026, and officially assumed the PAO role for the Company on July 1, 2026, replacing interim PAO Walter J. Phifer. In connection with his employment, Mr. Diffley is expected to receive a restricted stock unit award valued at $200,000, vesting over five years, and will be eligible for relocation expenses, employee benefits, and discretionary bonus programs.
Key Highlights
- Matthew S. Diffley, 46, joined Live Oak Banking Company as Chief Accounting Officer on June 29, 2026.
- Mr. Diffley was appointed Principal Accounting Officer (PAO) of Live Oak Bancshares, Inc. effective July 1, 2026.
- He replaces Walter J. Phifer, who served as interim PAO since June 16, 2026.
- Mr. Diffley previously served as Senior Vice President, Controller for Seacoast Banking Corporation of Florida since June 2020.
- He is expected to receive a restricted stock unit (RSU) award with a grant date fair value of $200,000.
- The RSU award will vest in five equal installments starting on the first anniversary of the grant date.
- Mr. Diffley will be reimbursed for relocation expenses and eligible for employee benefits, cash bonuses, and equity awards.
Price Impact
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