Exhibit 99.1
FOR INFORMATION CONTACT:
Andy Kattos 256-722-7801
Krista Conlin 205-251-2225
Andy Kattos 256-722-7801
Krista Conlin 205-251-2225
SERVISFIRST BANK HUNTSVILLE REACHES $250 MILLION IN ASSETS
HUNTSVILLE, AL — Just two years after opening in the Huntsville area, ServisFirst Bank announced
today that it recently exceeded $250 million in assets in the Huntsville/Madison County market,
continuing its steady rise as a premier bank in the city. Having experienced a windfall of success
soon after its August 2006 opening, ServisFirst Huntsville attributes its success to its unique
customer philosophy.
“When we began this venture two years ago, we created a shareholder base of committed local
ownership and control; this allows ServisFirst to serve its clients more efficiently and
effectively,” says Andy Kattos, President of ServisFirst Bank Huntsville. “We don’t just wait for
our clients to call when they need a loan or new account. We take a very proactive approach to
helping our clients and companies solve their problems, generate more revenue, reduce expenses,
manage their assets and save time — we think all of these components have been integral to our
success and are being missed by other banks. We are being told these things by clients that have
become frustrated by the bureaucracy of the larger banks which has been compounded by the recent
wave of big bank mergers.”
Kattos attributes the bank’s continued growth to the referrals of satisfied clients and
shareholders and a team of experienced bankers who are empowered to make decisions for the benefit
of their clients.
According to Aegis Technologies’ President, Steve Hill, “the relationship that ServisFirst has
built with Aegis Technologies sets them apart from other institutions we have used in the past
because they have a great team and have worked diligently to become very knowledgeable about our
business.”
ServisFirst focuses on small to medium sized businesses and the professional consumer market
emphasizing services such as corporate lending and cash management, government contracting,
construction and mortgage lending, commercial real estate lending and private banking which targets
entrepreneurs, professionals and corporations.
According to Kattos, ServisFirst Bank has recently broken ground on a new research park office to
serve the needs of West Huntsville including the government contractor market in Cummings Research
Park, but adds that their superior technology with their cash management tools such as remote
deposit capture — a service that allows clients to make deposits at their office or home — negates
the need for a significant number of branches and the associated overhead. “This allows us to pass
these savings on to our clients in the form of lower fees and higher yields on their accounts.”