Andy native, bank president rings Nasdaq bell

Published 12:00 am Thursday, July 10, 2014

Andalusia native Tom Broughton, CEO and president of ServisFirst Bank, recently rang the closing bell on the Nasdaq stock exchange.

In a ceremony before the ringing, Tom Broughton said though it spent its first nine years as a privately held bank, ServisFirst is just getting started after going public with its initial public offering May 14.

“I’ve never enjoyed celebrating success,” Broughton said at the ceremony. “I always thought when you cross some sort of imaginary finish line, that’s no reason to celebrate. So we’re not here to celebrate finishing anything. What we’re here to do is celebrate starting something. The IPO (in May) was a starting line for us.”

An Andalusia High School graduate, Broughton earned a bachelor’s degree in finance from the University of Alabama, and a master’s degreee business administration from the J. L. Kellogg Graduate School of Management at Northwestern University.

Broughton has spent the entirety of his 37-year banking career in the Birmingham area. In 1985, he founded the de novo First Commercial Bank and was named president. When First Commercial Bank was bought by Synovus in 1992, he continued as president and was named Chief Executive Officer of First Commercial Bank. In 1998, he became Regional Chief Executive Officer responsible for Alabama and Florida. In 2001, his Synovus region shifted, and he became Regional Chief Executive Officer for Alabama, Tennessee and parts of Georgia. He continued his work in this position until his retirement from Synovus in August 2004.

Broughton founded ServisFirst Bank in 2005. He also founded and organized the formation of ServisFirst Bancshares, Inc., the bank holding company based in Birmingham that holds ServisFirst Bank as its subsidiary. ServisFirst Bank has offices in Birmingham, Huntsville, Montgomery, Mobile and Dothan in Alabama; and Pensacola, Fla.; and Nashville, Tenn.

Broughton was named Community Banker of the Year by American Banker in 2009.

He also serves as a director of the Birmingham Music Club; Mountain Brook Sports Park Foundation; and Magic Moments, Inc. Also, he is a member of the Rotary Club of Birmingham, a member of the World Presidents Organization, and a member of the Federal Reserve Bank of Atlanta’s Sixth Federal District Community Depository Institutions Advisory Council.

ServisFirst Bank became a part of the Russell 3000 Index in June.