ServisFirst Bank Announces Leadership Transition

Rhea-AI Summary

ServisFirst Bank has appointed Rodney Rushing as the new Chief Operating Officer. Previously serving as Executive Vice President of Correspondent Banking, Rushing has significantly contributed to the Bank's growth, overseeing a division with over $1.9 billion in deposits and more than 300 relationships across 26 states. His 38 years of banking experience includes previous leadership roles at Compass Bank. This transition marks a strategic move to enhance the Bank's operational leadership as it focuses on executing its objectives amidst rising asset levels exceeding $11 billion.

Positive

• Rodney Rushing's extensive experience (38 years in banking) suggests strong leadership potential.
• Growth of Correspondent Banking Division under Rushing, with over $1.9 billion in deposits, indicates successful management.
• Transition to COO could bring a fresh perspective to operational strategies.

Negative

• None.

Executive Vice President of Correspondent Banking, Rodney Rushing Named Chief Operating Officer

BIRMINGHAM, Ala., Jan. 26, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of ServisFirst Bank and ServisFirst Bancshares, Inc. (NASDAQ:SFBS), recently announced that Rodney Rushing is assuming the role of Executive Vice President and Chief Operating Officer for ServisFirst Bank. As a member of the Bank’s executive team, he will collaborate with the President/CEO and CFO in the overall administration of the Bank and in executing its broader objectives and goals.

Rushing’s problem-solving ability, bank leadership experience and business acumen bring an unmatched value to the ServisFirst Bank executive team.

Rodney Rushing, Executive Vice President and Chief Operating Officer
Rodney Rushing will be assuming the role of Executive Vice President and Chief Operating Officer at ServisFirst Bank in Birmingham, Alabama.

Rushing transitions to the role of COO from his position as Executive Vice President, Correspondent Banking. As the EVP, Correspondent Banking at ServisFirst Bank, Rushing managed the Bank’s Correspondent Banking Division. He joined ServisFirst Bank in 2010 to start the Correspondent Banking Division, which has grown to service over 300 bank relationships in 26 states.  The division has over $1.9 billion in deposits. Under Rushing’s leadership, the Correspondent Banking Division’s Agent Credit Card Program has been named as an Endorsed Solution by the American Banking Association.

During his 38-year banking career, Rushing managed correspondent and audit divisions and was previously an executive vice president at Compass Bank. While at Compass, he held securities licenses, managing Investment Division Sales and the Correspondent Division. Rushing is a Past Chairman and 2008 President of the Alabama Bankers Association. In addition, he is CFIA and CBA accredited.

Rodney Rushing attended Auburn University. He received his bachelor’s degree in 1982 in finance and began his banking career.

For more information regarding Rodney Rushing as Chief Operating Officer for ServisFirst Bank, please contact Krista Conlin, Krista@KCProjects.net. To learn more about ServisFirst Bank, please visit www.servisfirstbank.com.

ABOUT SERVISFIRST BANK 
ServisFirst Bank 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. Recently, the Bank announced its assets exceed $11 billion. 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. 

FOR INFORMATION CONTACT
Krista Conlin, Krista@KCProjects.net

FAQ

Who is the new Chief Operating Officer of ServisFirst Bank?

Rodney Rushing has been appointed as the Chief Operating Officer of ServisFirst Bank.

What was Rodney Rushing's previous position before becoming COO?

Rodney Rushing was the Executive Vice President of Correspondent Banking before his promotion to COO.

How long has Rodney Rushing been in the banking industry?

Rodney Rushing has 38 years of experience in the banking industry.

What are the assets of ServisFirst Bank as of the press release?

ServisFirst Bank's assets exceed $11 billion.

What growth did the Correspondent Banking Division achieve under Rushing?

Under Rushing's leadership, the Correspondent Banking Division grew to service over 300 bank relationships with more than $1.9 billion in deposits.