Live Oak Bancshares, Inc., the bank holding company for Live Oak Banking Co., eliminated the role of chief operating officer, according to a filing Tuesday with the Securities and Exchange Commission.

Gregory B. Thompson served as chief operating officer of Live Oak since March 2016. The elimination of his role was effective Feb. 2.

Prior to being chief operating officer, he was the bank’s general manager since October 2015. Before working at Live Oak, Thompson served as the executive vice president of shared services at Square 1 Bank from August 2011 to October 2015.

Live Oak is a commercial bank that primarily offers small business lending. It is one of the top small business administration (SBA) lenders in the country.

The Wilmington-based company also offers commercial and industrial loans, construction and development loans, and owner occupied commercial real estate loans for agriculture, death care management, healthcare and independent pharmacies, among others.

Live Oak is led by James S. (Chip) Mahan III, chief executive officer and founder. Prior to Live Oak, Mahan was the chief executive officer of S1 Corporation and the founder of Security First Network Bank.

Mahan also founded cloud banking software company nCino, which spun out of Live Oak in 2012.

Live Oak was founded in 2008 and holds $1.75 billion in assets.