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FOR IMMEDIATE
RELEASE
March 13,
2009
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FOR INFORMATION
CONTACT:
Ronald DeVane
334-340-4300
Krista
Conlin 205-251-2225
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ServisFirst
Bancshares, Inc. Completes Sale of Stock in Dothan
Dothan,
AL – ServisFirst
Banchshares, Inc. announced today that a private stock offering was completed on
February 28 at $25 per share, raising $10 million in capital all from Dothan
area investors.
“The
confidence our local investors have demonstrated is truly gratifying,” says
Ronald DeVane, ServisFirst Dothan President and CEO. “With the local capital of
$10 million, the business community is really behind the bank and is responsible
for its tremendous growth in Dothan – expected to reach $100 million in the
coming months.”
ServisFirst
Bank targets the corporate and professional consumer banking market with a
different kind of strategy. ServisFirst is a client-owned bank, which
means Dothan investors are business owners and leaders who not only have
ownership in the bank, but who are also committed to doing business with the
bank and bringing business to the bank. And ServisFirst is an urban
bank, offering a higher level of service than big banks can give and more
sophisticated services than community banks can provide.
The
Dothan leadership team is comprised of some of the most experienced and
qualified bankers in the region. In addition to Ronald DeVane,
Harrison Morris serves as the Executive Vice President and Sr. Lending Officer
for ServisFirst Bank Dothan, Jerry Adams as Sr. Vice President of Commercial
Lending, Barry DeVane and Todd Dawson as Vice-Presidents of Commercial Lending.
Other distinguished leaders include Mitzi Gulledge as Vice-President of Private
Banking and Martin Price as Assistant Vice-President of Private
Banking.
ABOUT
SERVISFIRST:
ServisFirst
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 $1.2 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, and ServisFirst Bank
Dothan in September 2008. More information about ServisFirst Bank may
be obtained over the internet at www.servisfirstbank.com
