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The first auction of lots was held on August 1, 1839, [1] under a group of live oak trees in what was to be the city's southwestern public square; these trees have since been known as the "Auction Oaks". The auction raised $182,585 (equivalent to $5,224,000 in 2023), funds used to pay for the construction of government buildings for the new ...
The average household size in Live Oak was 2.58 and the average family size was 3.11. In Live Oak the population was spread out, with 23.5% under the age of 18, 9.6% from 18 to 24, 32.3% from 25 to 44, 23.0% from 45 to 64, and 11.7% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 94.8 males.
Live oak was widely used in early American butt shipbuilding.Because of the trees' short height and low-hanging branches, lumber from live oaks was used in curved parts of the frame, such as knee braces (single-piece, L-shaped braces that spring inward from the side and support the deck), in which the grain runs perpendicular to structural stress, making for exceptional strength.
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Live Oak entered the venture banking industry in 2019. [10] Huntley Garriott was appointed president of Live Oak Bank in September 2019 after he left his position as a partner at Goldman Sachs & Co. [11] Live Oak Bank established a satellite office at the N.C. State University Centennial Campus in Raleigh, North Carolina in 2020. [12]