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[[Image: ServisFirstlogo.gif|right]]
[[Image: ServisFirstlogo.gif|right]]
'''ServisFirst Bank''' (or '''Servis1st''') was founded in Birmingham in May [[2005]]. ServisFirst President and founder [[Tom Broughton]] has spent his entire 28 year banking career in Birmingham, most notably as co-founder and President of [[First Commercial Bank]].
'''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. In March, [[2007]] the bank announced that it had surpassed assets of $600 million, having reached that mark well in advance of the pace needed to meet its goal of $1 billion in assets in its first 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.


By the end of that year its assets topped $700 million and it employed more than 120 people. That year the 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 corporate offices are located at 3300 [[Cahaba Road]] in [[Mountain Brook]], near [[US Highway 280]] and [[Colonial Brookwood Village]]. Branch offices have been opened downtown at 324 [[21st Street North]] and at 5403 [[U. S. Highway 280]] in [[Greystone]]. Another branch and a second corporate office are located in [[Huntsville]].
The bank's first location and headquarters was in the [[Shades Brook Building]] 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.


One of the services which marks the bank's approach is placing breadbox-sized devices at client businesses that allow them to scan and deposit checks directly.
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 [[ServisFirst headquarters building|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]]. The bank opened an international department in [[2021]].
 
==Locations==
* Birmingham, Alabama (3 locations)
** [[ServisFirst headquarters building]], 2500 [[Woodcrest Place]], [[Homewood]]
** [[Jefferson Corner]], 324 [[Richard Arrington Jr Boulevard North]], [[Birmingham]]
** [[Shops at Greystone]], 5403 [[U.S. Highway 280 (Inverness)|U.S. Highway 280]], [[Hoover]]
* 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==
==References==
* Goodman, Sherri C. (March 15, 2007) "ServisFirst tops $600 million in assets." ''Birmingham News''
* Goodman, Sherri C. (March 15, 2007) "ServisFirst tops $600 million in assets." {{BN}}
* McCauley, Charles R. (January 18, 2008) "Banking on technology." ''Birmingham News''
* McCauley, Charles R. (January 18, 2008) "Banking on technology." {{BN}}
* Jarvis, Crystal (July 17, 2009) "ServisFirst to open new HQ next week." {{BBJ}}
* Tomberlin, Michael (May 17, 2012) "ServisFirst Bank plans 2nd Pensacola branch." {{BN}}
* 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''
* Poe, Kelly (May 1, 2015) "ServisFirst Bank mulls moving headquarters out of state as it celebrates 10 years in Birmingham." {{BN}}
* Coker, Angel (October 12, 2017) "New ServisFirst HQ to open, will support company's growth." {{BBJ}}
* Coker, Angel (July 16, 2021) "ServisFirst launches new international department." {{BBJ}}


== External Links ==
== External Links ==
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[[Category:Banks]]
[[Category:Banks]]
[[Category:2005 establishments]]
[[Category:Shades Brook Building]]
[[Category:Jefferson Corner]]
[[Category:Shades Creek Park]]
[[Category:Shops at Greystone]]

Latest revision as of 18:07, 17 October 2023

ServisFirstlogo.gif

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.

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 in the Shades Brook Building 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. The bank opened an international department in 2021.

Locations

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
  • Coker, Angel (October 12, 2017) "New ServisFirst HQ to open, will support company's growth." Birmingham Business Journal
  • Coker, Angel (July 16, 2021) "ServisFirst launches new international department." Birmingham Business Journal

External Links

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