News Summary
ServisFirst Bank proudly marks its 20th anniversary, demonstrating two decades of commitment to exceptional customer service and growth. Operating across seven states, the bank serves a diverse clientele with tailored financial solutions while achieving impressive recognition in the industry.
Celebrating 20 Years of Excellence in Birmingham: ServisFirst Bank Marks a Milestone
Serving the Birmingham community and beyond for two decades, ServisFirst Bank is excited to celebrate its 20th anniversary. Since opening its doors in May 2005, the bank has established a strong reputation for providing top-notch customer service while adhering to its disciplined growth strategy.
Strong Foundation and Impressive Growth
As a proud subsidiary of ServisFirst Bancshares, which is publicly traded on the NYSE under the ticker SFBS, ServisFirst Bank has shown substantial growth over the years. With more than $18 billion in assets, it stands out in the commercial banking sector by offering quick, flexible solutions that are precisely tailored to meet the unique needs of each client.
A Broad Reach Across States
Today, ServisFirst Bank operates in seven states and boasts a total of 34 banking locations. This impressive footprint has allowed the bank to serve a diverse clientele, ensuring that its commitment to excellent customer service remains a top priority.
The Personal Touch
What truly sets ServisFirst Bank apart is its focus on efficient operations and hiring the best bankers in the industry. By fostering local decision-making, the bank bypasses the bureaucratic hurdles often found in larger banks. This responsiveness has garnered significant recognition in the banking community and with clients alike.
Supporting Community Banks
Through its robust Correspondent Banking Division, ServisFirst Bank now serves over 386 community banks nationwide, providing a variety of banking solutions that empower local financial institutions. Additionally, the bank offers custom-branded credit card programs supported by multiple banking associations across different states, demonstrating its commitment to enhancing the financial landscape for its clients.
Acknowledged Excellence
ServisFirst Bank has received various accolades, making it a notable player in the banking sector. In Forbes’ 2023 ranking, the bank achieved the impressive ranking of 15th among America’s Best Banks. American Banker recognized it as fourth among top publicly funded banks with assets between $10 billion and $50 billion. Consistently appearing on the KBW Bank Honor Roll for strong earnings growth, the bank has shown exceptional return on average equity.
Investing in Future Growth
As the financial landscape continues to evolve, ServisFirst Bank is committed to investing in technology, talent, and operational efficiency. This means they are strategically positioning themselves to navigate changing market conditions while remaining true to their founding principles.
Leadership Updates
The leadership team at ServisFirst Bank is also evolving, with recent appointments aimed at enhancing the bank’s service offerings. Jim Harper has taken on the role of Senior Vice President and Chief Credit Officer, while David Sparacio is set to enhance the financial strategy as the new Chief Financial Officer, officially stepping into the role on March 10, 2025. Until then, Ed Woodie will serve as the interim Chief Financial Officer, ensuring a smooth transition.
The Road Ahead
As ServisFirst Bank celebrates this significant milestone, it continues to dedicate itself to providing outstanding client service. The bank aims to maintain its core principles while also adapting to the ever-changing market landscape. With a commitment to excellence, a track record of success, and strategic leadership, the future looks bright for ServisFirst Bank as it embarks on its next 20 years.
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Additional Resources
- Business Wire: ServisFirst Bank Celebrates 20 Years
- Wikipedia: Banking
- Business Wire: ServisFirst Bank Announces New Chief Credit Officer
- Google Search: ServisFirst Bank
- Business Wire: ServisFirst Bank Announces New Chief Financial Officer
- Encyclopedia Britannica: Financial Institution
- Business Wire: ServisFirst Bancshares Declares Cash Dividend
- Google News: ServisFirst Bancshares
- Business Wire: ServisFirst Bancshares to Announce Financial Results
Author: STAFF HERE BIRMINGHAM WRITER
The BIRMINGHAM STAFF WRITER represents the experienced team at HEREBirmingham.com, your go-to source for actionable local news and information in Birmingham, Jefferson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Sidewalk Film Festival, Sloss Music & Arts Festival, Magic City Classic, and civil rights commemorations. Our coverage extends to key organizations like the Birmingham Business Alliance and the Birmingham Civil Rights Institute, plus leading businesses in healthcare, finance, and manufacturing that power the local economy such as UAB Medicine, Regions Bank, and Encompass Health. As part of the broader HERE network, including HEREHuntsville.com, we provide comprehensive, credible insights into Alabama's dynamic landscape.
