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Published on April 19, 2024
Jake Farrell Appointed as Chairman to Boost ServisFirst Bank's Memphis and Nashville PresenceSource: ServisFirst Bank

ServisFirst Bank, an arm of the publicly traded company ServisFirst Bancshares (NYSE:SFBS), has strengthened its leadership team in Tennessee by appointing Jake Farrell as the new chairman of its Tennessee operations. Known for his substantial banking experience spanning nearly half a century, Farrell's task will be to reinforce the bank's market footprint in the cities of Memphis and Nashville.

As reported by Business Wire, Farrell will join forces with Joel E. Smith, the Market President of ServisFirst Bank Memphis, and Bradford Vieira, Regional President and CEO of ServisFirst Bank Tennessee. Together, the trio is poised to spearhead the expansion efforts. Farrell is no stranger to the banking scene in Tennessee, having previously made significant strides at Landmark Bank from his starting year in 2009 until its sale in 2021. During his stint at Landmark, his capabilities in commercial lending and business strategy were instrumental in the bank's growth.

"I am very pleased to be on the same team again with Jake Farrell. Not only is Jake a great banker but he has been a good friend for many years," said Tom Broughton, ServisFirst Bank's Chairman, Chief Executive Officer, and President, in a statement carried by The appointment signals a reunion since ServisFirst had a prior working relationship with Landmark Bank, implying a seamless transition into the new role for Farrell.

In a community-focused perspective, Farrell's tenure in the banking industry extends beyond pure financial muscle, as he has been involved with philanthropy and various development projects. "I am deeply honored to have spent the last four decades serving my community through the field of banking," Farrell told Nashville Post. His dedication to investing in the community reflects a strong belief in the banking sector's role in broader societal prosperity.

Amidst ongoing expansions, ServisFirst Bank, which was founded in May 2005, and currently reports assets over $16 billion, is looking to Farrell to guide the Memphis branch transition from a loan production office to a permanent location scheduled for later this fall. ServisFirst's consistent performance, with investment-grade ratings from Kroll Bond Rating Agency since April 2015, underscores the importance of sound leadership for future growth.