July 16, 2015

ServisFirst Bancshares, Inc. Announces Completion of $35 Million Subordinated Debt Offering

Birmingham, AL -

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announced the closing of a $34.75 million private placement of 5% Subordinated Notes due July 15, 2025 (the “Notes”).

The Notes have been sold to accredited investors and the offering was fully subscribed. ServisFirst completed the offering without an outside underwriter due in part to the recently earned investment-grade ratings from Kroll Bond Rating Agency.

ServisFirst intends to use the net proceeds from the issuance of the Notes to redeem its preferred stock, issued June 21, 2011, to the U.S. Department of the Treasury, through the Small Business Lending Fund (SBLF) program.

Tom Broughton, President and CEO, said “This new capital will allow us to redeem our preferred stock related to the SBLF without dilution to our existing shareholders. Further, tax deductible interest payments make the Notes an attractive source of capital.”

ABOUT SERVISFIRST BANK

ServisFirst Bank is a full-service commercial bank focused on commercial banking, correspondent banking, cash 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 its assets exceed $16 billion. The Bank offers sophisticated treasury management products, Internet banking, home mortgage lending, remote deposit express banking, international banking, and highly competitive rates.

ServisFirst Bank was formed in May 2005, and has offices in Atlanta, Birmingham, Charleston, Dothan, Huntsville, Mobile, Montgomery, North Carolina, Northwest Florida, Tennessee, Virginia Beach, and West Central Florida. 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.