AloStar Bank of Commerce
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
- Cole, Antrenise (April 15, 2011) "Who is AloStar Bank of Commerce?"
- Davis, Bryan (January 15, 2015) "Trinity Medical Center buys Alostar building for $8 million." Birmingham Business Journal
- West, Ty (March 11, 2015) "AloStar Bank of Commerce names new CEO." Birmingham Business Journal