Milt Petty is a director at Live Oak Bank and serves as Chairman of the Audit Committee. He is a 1973 graduate of the University of North Carolina – Chapel Hill with a Bachelor of Science degree in Business Administration. He is a Certified Public Accountant and worked with a CPA firm in Burlington, NC from 1972 – 1977. In 1977 he was employed by Carolina Hosiery Mills, Inc., a family owned corporation that manufactures hosiery and develops and leases commercial real estate. He is Chief Financial Officer of Carolina Hosiery Mills, Inc. He is a director of Trust Company of the South in Burlington, NC and he is Treasurer of The Educational Foundation, Inc. in Chapel Hill, NC.