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.
ABOUT
SERVISFIRST BANK
ServisFirst
is a full-service commercial bank focused on commercial banking, correspondent
banking, cash management, private banking and the professional consumer market,
emphasizing competitive products, state of the art technology and a focus on
quality service. The Bank offers sophisticated cash management products,
Internet banking, home mortgage lending, remote deposit express banking, and
highly competitive rates.
ServisFirst
Bank was formed in May 2005, and has offices in Atlanta, Birmingham,
Charleston, Dothan, Huntsville, Mobile, Montgomery, Nashville, Pensacola,
Sarasota, and Tampa Bay. In April 2015 and annually thereafter, ServisFirst
Bank has earned investment-grade ratings and a stable outlook from Kroll Bond
Rating Agency (KBRA), which measures companies’ financial fundamentals.
ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities
and Exchange Commission (SEC). Copies of its filings may be obtained at www.servisfirstbancshares.com.