The U.S. Treasury’s State Small Business Credit Initiative’s annual report named an Alabama bank among its largest lenders.
Birmingham-headquartered ServisFirst Bank (NASDAQ: SFBS) was the program’s 12th largest lender with 35 loans totaling $37 million and an average loan of $1.1 million.
“ServisFirst Bank is pleased to be a leading participant in the SSBCI loan guaranty program, which has directly benefited our small business clients and the communities in which they operate,” Tom Broughton, President and CEO of ServisFirst Bank, said in a statement.
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