BIRMINGHAM, Ala. – ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS),
announces the retirement of founding Chief Financial Officer, William “Bud” Foshee, effective
after the filing of the Form 10-K in February of 2024. Kirk Pressley has been appointed as
successor to the role of CFO.
“Bud has guided us through our formation and initial stock sale of $35 million to our current
standing as a $16 billion company with an unprecedented record of financial success over the past
19 years. ServisFirst is recognized as one of the premier banks in the Southeast and Bud’s record
as CFO is unparalleled,” states Tom Broughton, ServisFirst Bank Chairman, President and CEO.
“Our industry-leading efficiency ratio is something Bud has strongly influenced with his relentless
effort to reduce expenses. Bud’s integrity has been unflinching, and he has provided a strong
foundation for our future.”
Bud Foshee leaves in place two longtime finance leaders, Edison “Ed” Woodie, Senior Vice
President, Controller, and Davis Mange, Senior Vice President, Accounting & Investor Relations
who will be part of the finance team. In addition, Mark Tarnakow recently joined the ServisFirst
finance team as Vice President, Strategic Projects Director for Finance and Accounting.
“It has been an honor to lead ServisFirst from formation to an industry leader and it is always
rewarding to be part of a leadership team of a great company,” said Bud Foshee.
Kirk Pressley joined ServisFirst Bancshares in July of 2023 and is the former Chief Financial
Officer of BBVA Compass Bancshares. Pressley is a graduate of Auburn University with a
Bachelor of Science in Business Administration degree, Accounting, and has spent his 35-year
career in Birmingham, Alabama, and Houston, Texas areas. Prior to joining ServisFirst, Pressley
started his career as an external auditor focused on financial institutions for two large international
public accounting firms.
“We anticipate a seamless transition from Bud to Kirk, given Kirk’s extensive experience in larger
organizations. In addition, Kirk has worked with a number of ServisFirst Officers, which makes
this a bit of homecoming as well,” states Tom Broughton, ServisFirst Bank Chairman, President
and CEO. “We will continue to operate as a community bank with the capabilities of our regional
bank competitors, and we feel confident Kirk will help us continue to achieve these goals.”
For more information regarding ServisFirst Bank’s announcement, please contact Krista Conlin at
Krista@KCProjects.net. For 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, treasury 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 that its assets exceed $16 billion. The Bank offers sophisticated
treasury 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,
Charlotte, Dothan, Huntsville, Mobile, Montgomery, Nashville, Northwest Florida, Virginia
Beach, West Central Florida, and Western North Carolina. 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.
