ServisFirst Bank: Difference between revisions

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'''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''') 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 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. 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]].


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 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]]. In [[2009]] the company moved its headquarters to a new building 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.
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.
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* 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." ''Birmingham News''
* McCauley, Charles R. (January 18, 2008) "Banking on technology." ''Birmingham News''
* McCauley, Charles R. (January 18, 2008) "Banking on technology." ''Birmingham News''
* Jarvis, Crystal (July 17, 2009) "ServisFirst to open new HQ next week." ''Birmingham Business Journal''


== External Links ==
== External Links ==
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[[Category:Banks]]
[[Category:Banks]]
[[Category:2009 buildings]]
[[Category:Shades Creek Parkway]]

Revision as of 20:55, 17 July 2009

ServisFirstlogo.gif

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 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.

In 2007 the 120+ employee bank was given the John S. Jemison Venture Award by the Venture Club.

The bank's first location and headquarters was 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. In 2009 the company moved its headquarters to a new building 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.

References

  • Goodman, Sherri C. (March 15, 2007) "ServisFirst tops $600 million in assets." Birmingham News
  • McCauley, Charles R. (January 18, 2008) "Banking on technology." Birmingham News
  • Jarvis, Crystal (July 17, 2009) "ServisFirst to open new HQ next week." Birmingham Business Journal

External Links

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