Pierce Verchick | Director, Broadband Lending
Live Oak Bank

Pierce Verchick has worked at Live Oak Bank since 2015 holding various roles in its servicing, credit underwriting, and SMB lending divisions. He is currently a director and the head of Broadband Lending at Live Oak Bank and has been involved in the team since its inception 7 years ago; the team is responsible for providing senior debt solutions to companies in the broadband, internet service and broader digital infrastructure industry. During his time at the bank, Pierce has been responsible for originating and closing more than 75 financing transactions. The broadband lending team focuses specifically on senior debt facilities such as conventional term debt as well as SBA 7a loans. The team also provides letters of credit support for operators participating in federal government grant programs. The bank has actively participated in the Connect America Fund II and Rural Digital Opportunity Fund auction programs. Pierce earned a Bachelor of Science in Finance and Government from Wofford College.