MEMPHIS, Tenn. - ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), has announced the appointment of Jake Farrell as the new Chairman of Tennessee. Farrell, a banking veteran with nearly five decades of experience, will collaborate with Joel E. Smith, the Market President of ServisFirst Bank Memphis, and Bradford Vieira, Regional President and CEO of ServisFirst Bank Tennessee, to expand the bank's market presence in Memphis and Nashville.
Farrell's career in banking has been marked by his significant contributions to the growth of financial institutions in the region, most notably at Landmark Bank from 2009 until its sale in 2021. His expertise in commercial lending and business development, coupled with his strategic planning skills, has consistently driven growth and prosperity in the communities he has served.
Tom Broughton, Chairman, Chief Executive Officer, and President of ServisFirst Bank, expressed his pleasure at welcoming Farrell to the team, highlighting Farrell's banking acumen and longstanding friendship. Broughton also mentioned the bank's previous correspondent banking relationship with Landmark Bank, indicating a history of collaboration between Farrell and ServisFirst.
Farrell's dedication to the banking industry extends to his involvement in philanthropic initiatives and community development projects, reflecting his belief in the positive societal impact of banking. In his statement, Farrell emphasized his commitment to investing in people and businesses to foster a more prosperous society.
As the Memphis office of ServisFirst Bank transitions from a loan production office to its permanent location later this fall, Farrell's experience is expected to play a pivotal role in shaping the bank's future in Tennessee.
ServisFirst Bank, established in May 2005, operates in multiple regions including Atlanta, Birmingham, Charleston, and Virginia Beach. The bank has recently reported assets exceeding $16 billion and has consistently received investment-grade ratings from Kroll Bond Rating Agency (KBRA) since April 2015.
This leadership update is based on a press release statement from ServisFirst Bancshares, Inc.
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