FirstBank launches progress spurt in Birmingham

Lender hires two longtime ServisFirst executives

authors Geert De Lombaerde

FirstBank is planting an even bigger flag in Birmingham, the place it opened a mortgage workplace and employed two bankers with over 40 years of mixed expertise to construct a regional shopper and enterprise crew.

Downtown-based FirstBank has been lively in Alabama for a decade; it acquired a Birmingham-based mortgage dealer in 2011 and now has seven mortgage workplaces statewide in addition to full-service branches in Huntsville and Florence. The latter housed about $ 105 million in deposits final summer time. Its new mortgage workplace is predicated in a mortgage workplace on the south aspect of Birmingham and is headed by central Alabama president Grant Lauderdale and Birmingham market chief Christoper Robbins.

Lauderdale involves FirstBank from ServisFirst Financial institution, which he helped launch in 2005 and the place he was Senior Vice President and a part of his personal banking group. He has practically 20 years of banking expertise. Robbins was one of many founding shareholders of ServisFirst and one among its first staff. Most not too long ago, he was senior vice chairman of personal banking, and he additionally labored at Synovus and the previous SouthTrust.

“The brand new Birmingham workplace represents our continued progress in Alabama and can present us with one other house to assist our shoppers obtain their monetary targets and construct a robust monetary future,” Chief Banking Officer Travis Edmondson mentioned in an announcement. . “Grant and Christopher carry nice business expertise and native data to FirstBank. They’ve confirmed their skill to construct and lead a crew that can assist us develop our footprint within the area.

Birmingham turns into the eighth metropolitan market the place FirstBank, which has greater than $ 11 billion in property, has a spread of banking operations. The corporate operates 81 workplaces in Tennessee, Kentucky, Alabama and Georgia. Shares of its father or mother firm, FB Monetary (Ticker: FBK), have been down barely to $ 43.38 on Thursday at midday. They’ve elevated by greater than 50% within the final six months.

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