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Live Oak Bank Grant Supports Lower Cape Fear LifeCare Hospice Nurses, Addresses Growing Care Shortage in North Carolina

  • Live Oak Bank highlighted a $300,000 2024 grant supporting the Lower Cape Fear LifeCare Scholars program to train & retain hospice & palliative care nurses in southeastern North Carolina.
  • The six-month residency program blends classroom learning, mentorship, & hands-on clinical experience at no cost to new graduate nurses transitioning into specialized roles.
  • Since its 2021 launch, the initiative has graduated nine nurses & achieved a 78% retention rate at Lower Cape Fear LifeCare.
  • Program participants facilitate more than 1,000 patient visits annually, expanding access to specialized care for patients & families.
  • Kate Groat, head of corporate philanthropy at Live Oak Bank, emphasized the grant as an investment in workforce development & local talent pipelines.
  • Gwen Whitley, president & CEO of Lower Cape Fear LifeCare, stated the partnership ensures the next generation of nurses can provide compassionate, high-quality care.
  • Live Oak Bank operates as a digitally focused, FDIC-insured subsidiary of Live Oak Bancshares, Inc. (NYSE: LOB) without physical branches.
  • Lower Cape Fear LifeCare is a nonprofit organization serving southeastern North Carolina & northeastern South Carolina with over 45 years of experience in hospice, palliative, & memory care.