Live Oak Bank, Atlantic Packaging Leaders Named Entrepreneurs Of The Year By EY

By Christina Haley O'Neal, posted Aug 3, 2021
Live Oak Bank Chairman and CEO James "Chip" Mahan was among several local company leaders recognized by EY's Entrepreneur of the Year awards. (Photo from Live Oak)
Several Wilmington-area business leaders were selected as Ernst & Young’s 2021 Entrepreneurs of the Year for the Southeast region, according to a news release.

Local awardees include James "Chip" Mahan, chairman and CEO of Live Oak Bank, who was EY’s Lifetime Achievement Honoree, according to the awards website.

Mahan founded Live Oak Bank, a subsidiary of Live Oak Bancshares, in 2008 in Wilmington. He is also co-founder of another Wilmington-based company, cloud banking firm nCino.

This summer, Mahan reported during Live Oak Bank’s second-quarter earnings report that the locally headquartered company had its best quarter along with other highs for the year.

Two leaders with Wilmington-headquartered Atlantic Packaging were also recognized on the list: Atlantic Packaging’s CEO Rusty Carter (right), and his son, Wes Carter, who is president of the company.

The business has been in the Carter family for generations, first founded as a weekly newspaper in Columbus County in 1946.

It later branched into the packaging business, a move overseen by Rusty Carter.

The growth has continued with Wes Carter (left) in leadership. He joined the company full-time in 2002.

The Entrepreneur of the Year Southeast is in its 35th year. The honors recognize "the most ambitious leaders who are building and sustaining successful, dynamic businesses around the world,” states the website.  

The awards were celebrated during a virtual ceremony July 29.

The website states that the award winners “comprise a global network of like-minded visionaries, each on a transformational journey to create, innovate, grow, learn and build a better world."

Those recognized become lifetime members of a multi-industry community of entrepreneurs with access to experience, insight and wisdom of program alumni and other members in nearly 60 countries who are supported by EY resources, states the website.
Ico insights


Burrus rob headshot 300x300

Moving Beyond “Likes”: Social Media’s Impact on Public Health Initiatives

Robert Burrus - Cameron School of Business - UNC-Wilmington
Drewsmith copiersplus headshot

5 Things To Remember Regarding Your Copier Contract

Drew Smith - Copiers Plus
Natalieenglish headshot


Natalie English - Wilmington Chamber of Commerce

Trending News

DBA, City Of Wilmington Discuss Creation Of Outdoor Social District

Jenny Callison - Sep 17, 2021

Geospatial Startup Maps Growth

Johanna Cano - Sep 17, 2021

Trailblazing Builder Hangs Up Her Hard Hat

Cece Nunn - Sep 17, 2021

Economist To Share Local Prognosis

Jenny Callison - Sep 17, 2021

Brunswick Co. Home Sales Dip, Prices Increase In August

Cece Nunn - Sep 17, 2021

In The Current Issue

Info Junkie: Wes Carter

Wes Carter, president of Wilmington-based Atlantic Packaging, shares his top info and tech picks....

Geospatial Startup Maps Growth

Providing a highly demanded service in a niche industry has allowed Wilmington-headquartered technology company Geo Owl to grow as an innova...

MADE Winners: Functional Product Category

Cape Fear Solar Systems, ComfyChemo LLC and Craftspace Inc. are winners in the MADE Awards Functional Product Category...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100