ServisFirst Bancshares, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Note 12 - Subsequent Events

Note 12 - Subsequent Events	9 Months Ended
Sep. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 12 – SUBSEQUENT EVENTS On October 21, 2020, the Company entered into a Note Purchase Agreement whereby it issued in a private placement $34.8 million in aggregate principal amount of 4.00% Subordinated Notes due October 21, 2030. The Notes were sold to accredited investors pursuant to an exemption from registration under the Securities Act of 1933, as amended. The Notes will pay interest semi-annually on June 30^th and December 31^st each year, beginning December 31, 2020, until the Notes mature. The Notes may not be prepaid by the Company prior to October 21, 2025. The Company used all of the net proceeds to redeem in full its 5.00% Subordinated Notes issued July 15, 2015.

Note 12 - Subsequent Events

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 12 – SUBSEQUENT EVENTS

On October 21, 2020, the Company entered into a Note Purchase Agreement whereby it issued in a private placement $34.8 million in aggregate principal amount of 4.00% Subordinated Notes due October 21, 2030. The Notes were sold to accredited investors pursuant to an exemption from registration under the Securities Act of 1933, as amended. The Notes will pay interest semi-annually on June 30^th and December 31^st each year, beginning December 31, 2020, until the Notes mature. The Notes may not be prepaid by the Company prior to October 21, 2025. The Company used all of the net proceeds to redeem in full its 5.00% Subordinated Notes issued July 15, 2015.