AloStar Bank of Commerce: Difference between revisions

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(New page: '''AloStar Bank of Commerce''' is a bank located at 3680 Grandview Parkway in the Riverpoint building off U. S. Highway 280. AloStar was founded in 2011 by banking veteran...)
 
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'''AloStar Bank of Commerce''' is a bank located at 3680 [[Grandview Parkway]] in the [[Riverpoint building]] off [[U. S. Highway 280]].
'''AloStar Bank of Commerce''' is a bank located at 3595 [[Grandview Parkway]] off [[U. S. Highway 280]].


AloStar was founded in [[2011]] by banking veterans [[Michael Gillfillan]] and [[Andrew McGhee]], and purchased the majority of the assets from the failed [[Nexity Bank]] on [[April 15]].
AloStar was founded in [[2011]] by banking veterans [[Michael Gillfillan]] and [[Andrew McGhee]], and purchased the majority of the assets from the failed [[Nexity Bank]] on [[April 15]].


AloStar is primarily an Internet bank, with no traditional brick-and-mortar branches. It also serves as a "banker's bank", providing services for small community banks.
AloStar is primarily an Internet bank, with no traditional brick-and-mortar branches. It also serves as a "banker's bank", providing services for small community banks.
In January [[2015]], AloStar sold the [[Riverpoint building]] for $8 million to [[Grandview Medical Center]] and moved to another office building also on [[Grandview Parkway]]. That March, Gillfillan retired as CEO and McGhee was named his successor as chief executive, while [[Richard G. Hickson]] replaced Gillfillan as chairman of the board.


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==References==
==References==
* Cole, Antrenise (April 15, 2011) "[http://www.bizjournals.com/birmingham/blog/2011/04/who-is-alostar-bank-of-commerce.html Who is AloStar Bank of Commerce?]" {{BBJ}}
* Cole, Antrenise (April 15, 2011) "[http://www.bizjournals.com/birmingham/blog/2011/04/who-is-alostar-bank-of-commerce.html Who is AloStar Bank of Commerce?]"
{{BBJ}}
* Davis, Bryan (January 15, 2015) "Trinity Medical Center buys Alostar building for $8 million." {{BBJ}}
* West, Ty (March 11, 2015) "AloStar Bank of Commerce names new CEO." {{BBJ}}


[[Category:Banks]]
[[Category:Banks]]
[[Category:2011 establishments]]
[[Category:2011 establishments]]
[[Category:Grandview Parkway]]
[[Category:Grandview Parkway]]

Revision as of 15:57, 15 September 2015

AloStar Bank of Commerce is a bank located at 3595 Grandview Parkway off U. S. Highway 280.

AloStar was founded in 2011 by banking veterans Michael Gillfillan and Andrew McGhee, and purchased the majority of the assets from the failed Nexity Bank on April 15.

AloStar is primarily an Internet bank, with no traditional brick-and-mortar branches. It also serves as a "banker's bank", providing services for small community banks.

In January 2015, AloStar sold the Riverpoint building for $8 million to Grandview Medical Center and moved to another office building also on Grandview Parkway. That March, Gillfillan retired as CEO and McGhee was named his successor as chief executive, while Richard G. Hickson replaced Gillfillan as chairman of the board.

References

Birmingham Business Journal