Scott Custer is leaving Live Oak Bancshares in Wilmington, N.C.
The $3.4 billion-asset Live Oak disclosed in a
Custer
Custer, who ran Yadkin Financial before its 2017 sale to F.N.B. Corp. in Pittsburgh, joined Live Oak
Custer is set to become the chairman of Dogwood State Bank, a
A Live Oak spokeswoman said in July that Custer planned to
The neobank was bullish on cryptocurrency and stablecoins, which could provide tailwinds as it looks to launch new products including crypto-based lending, institutional trading, and correspondent payments and settlements via stablecoins.
Like other payment executives, Steve Squeri expressed concern about affordability, but is not in favor of heavy restrictions.
Fidelity Digital Assets, the national crypto trust bank subsidiary of Fidelity Investments, is set to launch a dollar-backed stablecoin on ethereum.
President Trump's announcement Friday morning that former investment banker and Fed Governor Kevin Warsh would be his selection as the next chairman of the Fed ends months of speculation and gives the president a key ally at the central bank.
The Office of the Comptroller's interpretation of federal trust powers has opened the door for dozens of charter applications by nonbank crypto firms in recent months. Some experts say the agency's interpretation may push the ambiguous statute beyond its limits.
CEO Ryan McInerney reiterated the company's long-held stance that the Credit Card Competition Act was "very harmful" and "just simply not needed."
