From press reports



Gardendale

Business to team up with national company

Life of the South Corporation, a nationally recognized financial services company specializing in administration, mass marketing and payment protection announced that it has reached a tentative agreement with Gardendale-based Kreatek to integrate Kreatek’s quoting system into Life of the South’s menu of systems and software solutions for its customers, according to a press release. Life of the South has a significant presence in the bank credit insurance and debt cancellation market where its client partners often have difficulty developing front end calculation tools that enhance the cross sell of credit insurance and debt protection products to bank loan customers. “Life of the South is the ideal partner,” said George Barckley, Kreatek’s president. “They are a leader in the payment protection market and their knowledge of current and future products helps us provide leading edge frontend sales tools to the lending community,” Barckley said.



Birmingham

Bank tops $700 million

ServisFirst Bank, led by Birmingham banking veteran Thomas Broughton III, announced recently it has exceeded $700 million in assets in just two years after opening for business, according to a press release. ServisFirst opened May 2005 with $35 million in capital, the highest level of capital ever raised by a start-up bank in the history of banking in Alabama.