September 6, 2023

ServisFirst Bank Mobile Announces New Board Member

Lance Covan Joins Bank’s Board of Directors

Mobile, AL -

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), is pleased to announce the addition of Lance Covan as a Board Member of ServisFirst Bank Mobile.

“We are honored to welcome Lance Covan to the Mobile Board of Directors,” states Bibb Lamar, ServisFirst Bank Mobile CEO and President. “Lance brings impressive global business experience and local market prowess as a Mobile native. We are thrilled to have him join the team and know he will be a valuable addition.”

Lance Covan
Lance Covan is the Founder of Bon Secour Capital Holdings, LLC., based in his hometown, Mobile, Alabama. Bon Secour Capital Holdings is a private investment fund founded in 2010 to acquire, operate and grow established businesses in the Southeast. Covan currently serves as the CEO and Chairman of the Board of Mitternight Industries, a company focused on designing, engineering, manufacturing, and constructing process Code equipment for Fortune 500 customers around the world. Covan is also Chairman of Al-Fla Plastics, a wholesale/retail distributor of acrylics, plastics, FRP, grating, piping, and structural materials on the Alabama Gulf Coast.

Prior to returning to Mobile, Covan served as the president and chief executive officer of the New York Foundation for Leadership at The King's College in New York City. Covan moved to New York City from Tuscaloosa, Alabama where he served as the Director of Athletic Development for the University of Alabama’s Athletic Department. In his role there, Covan’s primary responsibility was to work towards securing $200 million in funding for facility enhancements and seeding the Crimson Tide Foundation.

Outside the world of higher education, Covan has also worked with and consulted for various domestic and international non-profit organizations including the Salvation Army, the American Red Cross, and International Professional Resources for China. Covan has served on the board of directors for a variety of for-profit and non-profit organizations and foundations including, Project Expedition, PathNorth Board of Advisors in Washington, D.C., and The University of Alabama Entrepreneurship Institute Advisory Board.

Covan is a well-known community leader in Mobile, as he served as the vice chairman and treasurer of the Mobile Airport Authority, chairman of the Mobile Airport Authority Foundation, and is a past member of the Mobile Chamber of Commerce Board of Directors and Advisory Board. He is also a member of Mobile’s own Reese’s Senior Bowl Committee, Young President’s Organization, and serves as an elder at Covenant Presbyterian Church.

Covan earned his bachelor's and master's degrees from the University of Alabama in Tuscaloosa, Alabama, and completed his postgraduate studies at Sichuan Union University in Chengdu, China.

For more information regarding ServisFirst Bank’s recent addition to the Mobile Board of Directors, please contact Krista Conlin at Krista@KCProjects.net. For more about ServisFirst Bank, please visit www.servisfirstbank.com.