ServisFirst Bank (or Servis1st) is a Homewood-based commercial bank with more than $6.3 billion in assets. It was founded on May 2, 2005 by veteran banker Tom Broughton who was previously a co-founder and President of First Commercial Bank.
ServisFirst was organized with $35 million in capital, the largest capitalization of any start-up bank in the state's history. Its business plan focused on attracting experienced and well-connected commercial bankers by promising them more independence. In March, 2007 the bank announced that it had surpassed assets of $600 million, and exceeded $1 billion in assets by the end of 2008, well in advance of its own goal of reaching the milestone within 5-10 years.
The bank's first location and headquarters was located at 3300 Cahaba Road in Mountain Brook, near US Highway 280 and Colonial Brookwood Village. In 2009 the company moved its headquarters to the Shades Cahaba Office Building in Shades Creek Park, at the intersection of Shades Creek Parkway and Cahaba Road.
In 2014 the company acquired Atlanta's three-branch Metro Bank for about $41 million in stock and cash. In 2015 ServisFirst was awarded incentives from the city of Homewood to build a new 5-story headquarters office on Woodcrest Place near the Rosedale Pump House. The company, which had also considered a move to another Southeastern city with more growth potential, opened its headquarters office on October 2017.
- Birmingham, Alabama (3 locations)
- Huntsville (2 locations)
- Montgomery (3 locations)
- Mobile (2 locations)
- Dothan (2 locations)
- Pensacola, Florida (2 locations)
- Douglasville, Georgia
- Kennesaw, Georgia
- Mount Pleasant, South Carolina
- Nashville, Tennessee
- Goodman, Sherri C. (March 15, 2007) "ServisFirst tops $600 million in assets." The Birmingham News
- McCauley, Charles R. (January 18, 2008) "Banking on technology." The Birmingham News
- Jarvis, Crystal (July 17, 2009) "ServisFirst to open new HQ next week." Birmingham Business Journal
- Tomberlin, Michael (May 17, 2012) "ServisFirst Bank plans 2nd Pensacola branch." The Birmingham News
- Cole, Antrenise (October 20, 2014) "ServisFirst to acquire Atlanta's Metro Bancshares." Birmingham Business Journal
- Cromwell, Sidney (April 27, 2015) "Council approves incentives for Servis1st headquarters." Homewood Star
- Poe, Kelly (May 1, 2015) "ServisFirst Bank mulls moving headquarters out of state as it celebrates 10 years in Birmingham." The Birmingham News
- Coker, Angel (October 12, 2017) "New ServisFirst HQ to open, will support company's growth ." Birmingham Business Journal
- ServisFirst Bank website