ServisFirst Bank Expands into Mobile, Ala. Region

Sept 7 - ServisFirst Bank has opened a new banking center in Mobile, Ala. Alex Arendall and Jay Weber have joined ServisFirst Bank Mobile as senior vice presidents to focus on commercial banking in the Mobile area.

“We are excited about the opportunity to open ServisFirst Bank in Mobile’s diversified business environment,” said Tom Broughton, president and CEO of ServisFirst Bank. “Our team of highly qualified banking professionals will offer the Mobile area a new and higher level of banking. We are committed to offering exceptional service and responsiveness to match our name, ServisFirst Bank.”

Backed by the experience and success of ServisFirst’s current operations, this new banking center will provide Mobile’s corporate and personal clients with significant lending capacity, state of the art technology and service that is second to none. The leadership team will include highly qualified and knowledgeable bankers from the Mobile region.

Alex Arendall has more than nine years of experience in the banking industry, with his most recent position being vice president, relationship manager of Regions Bank in Mobile. Arendall has served in many leadership positions and has experience in new business development, relationship management and portfolio management to maximize overall growth and revenue. Arendall began his career in banking at First Commercial Bank in Birmingham, Ala., where he served for three years as assistant vice president, relationship manager. Arendall received his MBA from The University of Alabama, where he also graduated Magna Cum Laude with his Bachelor of Science in Commerce and Business Administration.

Jay Weber joins ServisFirstBank Mobile as senior vice president with more than 18 years of experience in the business development and banking industries. During the past six years, Weber served as senior commercial business banker for Hancock Bank of Alabama in Mobile, where his commercial portfolio exceeded $27 million in new business development. In 2010, Weber was ranked first in the company in new customer relationships and in 2007 was named Top Commercial Producer in Alabama. Weber received his MBA from The University of Memphis and his Bachelor of Science degree in Commerce and Business Administration from The University of Alabama. He is also a graduate of Leadership Mobile and Alabama Banking School.

ServisFirst Bank recently announced record earnings for the second quarter of 2012 which marks the 10th consecutive quarter of record earnings. Other second quarter 2012 highlights include:

• Second quarter record net income of $8.2 million, a 41 percent increase year/year.
• Basic earnings per common share of $2.74 for the six months ended June 30, 2012, a 46 percent increase year/year.
• Celebrated the seventh anniversary of ServisFirst Bank during the quarter.
• Non-performing assets and ORE less than 1 percent of assets, reflects strong credit quality and financial strength.

ServisFirst Bank Mobile’s office is located at 64 N. Royal St., Mobile, AL. For more information about ServisFirst Bank, please visit www.servisfirstbank.com or 251-694-9494.

About ServisFirst Bank
ServisFirst Bank is a full-service bank focused on commercial banking, cash management, private banking and the professional consumer market, emphasizing competitive products, state-of-the-art technology and a focus on quality service. Recently the bank announced its benchmark of success of accumulating over $2.5 billion in assets with no brokered deposits. The bank offers sophisticated cash management products, Internet banking, home mortgage lending, remote deposit express service and highly competitive rates. ServisFirst Bank was formed in Birmingham in May 2005, opened ServisFirst Bank Huntsville in August 2006, ServisFirst Bank Montgomery in June 2007, ServisFirst Bank Dothan in September 2008, ServisFirst Bank Pensacola in April 2011 and ServisFirst Mobile in September 2012.