Alabama's ServisFirst expands beyond Southeast into Texas

Core Viewpoint - ServisFirst Bancshares is expanding its operations into Texas, marking its first office in the state as part of a broader trend of banks entering the Texas market due to its robust economy and favorable business environment [1][3]. Group 1: Company Expansion - ServisFirst Bancshares, with $18 billion in assets, is opening a new office in Houston, Texas [1]. - The Texas operations will be led by Christopher Dvorachek, who has significant experience in the banking sector [2]. - The bank has been preparing for this expansion for two years, initially starting correspondent banking services in Texas [5]. Group 2: Leadership and Team - Christopher Dvorachek has been appointed as the regional CEO and executive vice president for Texas operations [2]. - The newly assembled team for the Texas expansion includes three commercial banking officers, two portfolio managers, a sales officer, and a commercial account manager [5][6]. - Dvorachek emphasized the bank's commitment to efficiency and a client-centric approach [6]. Group 3: Market Context - ServisFirst's entry into Texas aligns with a trend of banks expanding in the state, attracted by its fast-growing economy and favorable regulations [3]. - Other banks, such as Huntington Bancshares and Cullen/Frost Bankers, have also been increasing their presence in Texas [4].