ServisFirst Bank: Difference between revisions
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[[Image: ServisFirstlogo.gif|right]] | [[Image: ServisFirstlogo.gif|right]] | ||
'''ServisFirst Bank''' (or '''Servis1st''') is a [[Mountain Brook]]-based bank | '''ServisFirst Bank''' (or '''Servis1st''') is a [[Mountain Brook]]-based commercial bank. 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. 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. | 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. | ||
In [[2007]] the 120+ employee bank was given the [[John S. Jemison Venture Award]] by the [[Venture Club]]. | In [[2007]] the 120+ employee bank was given the [[John S. Jemison Venture Award]] by the [[Venture Club]]. By [[2015]] the bank had more than 360 employees. | ||
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 (office park)|Shades Creek Park]], at the intersection of [[Shades Creek Parkway]] and Cahaba Road. | 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 (office park)|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]]. | 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 also considered a move to another Southeastern city with more growth potential. | ||
==Locations== | ==Locations== | ||
* 324 [[21st Street North]], [[Birmingham]] | * Birmingham, Alabama (3 locations) | ||
* [[ | ** [[Shades Cahaba Office Building]] | ||
* | ** 324 [[21st Street North]], [[Birmingham]] | ||
* | ** 5403 [[U.S. Highway 280]], [[Greystone]] | ||
* Dothan ( | * Huntsville (2 locations) | ||
* Pensacola, Florida ( | * Montgomery (3 locations) | ||
* Mobile (2 locations) | |||
* Dothan (2 locations) | |||
* Pensacola, Florida (2 locations) | |||
* Douglasville, Georgia | |||
* Kennesaw, Georgia | |||
* Mount Pleasant, South Carolina | |||
* Nashville, Tennessee | |||
==References== | ==References== | ||
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* Cole, Antrenise (October 20, 2014) "ServisFirst to acquire Atlanta's Metro Bancshares." {{BBJ}} | * Cole, Antrenise (October 20, 2014) "ServisFirst to acquire Atlanta's Metro Bancshares." {{BBJ}} | ||
* Cromwell, Sidney (April 27, 2015) "Council approves incentives for Servis1st headquarters." ''Homewood Star'' | * 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." {{BN}} | |||
== External Links == | == External Links == | ||
Revision as of 10:35, 1 May 2015
ServisFirst Bank (or Servis1st) is a Mountain Brook-based commercial bank. 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.
In 2007 the 120+ employee bank was given the John S. Jemison Venture Award by the Venture Club. By 2015 the bank had more than 360 employees.
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 also considered a move to another Southeastern city with more growth potential.
Locations
- 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
References
- 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
External Links
- ServisFirst Bank website