May 05, 2020
ServisFirst Bank Approved and Funded Over $1 Billion in Paycheck Protection Program Loans in Less than One Month Period
Birmingham, AL -
ServisFirst Bank, a subsidiary of ServisFirst Bancshares, Inc. (NASDAQ: SFBS), announces approving and funding over 3,700 Paycheck Protection Program loans with a value of over $1 billion within a four-week period. ServisFirst Bank recognized this unforeseen time as an opportunity to help its clients and immediately ramped up all systems and expanded capacity to participate in the Paycheck Protection Program to secure funding for their clients and their clients’ businesses.
“Our bankers were available, responsive, and worked diligently with our clients around the clock to fulfill loan requests,” stated Tom Broughton, President and CEO. “Relationships and our clients’ long-term success are at the core of everything we do, with the goal being to add value for our customers. These relationships proved invaluable as we managed the challenges of the Paycheck Protection Program on our clients’ behalf.”
In addition to providing loan assistance to all clients who requested, ServisFirst Bank was able to provide assistance to new clients who needed help navigating the program to secure funding. Broughton added, “Our bankers have taken great pride in efficiently serving their clients and are pleased with the opportunity to earn new customers through the program. The bankers are now focused on working through the remainder of the loan program obligations to a successful conclusion.”
For more information regarding ServisFirst Bank, please contact Krista Conlin at (205) 937-3777. To learn more about ServisFirst Bank, please visit www.servisfirstbank.com.