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FirstBank Opens New Office in Birmingham Area

JUNE 14, 2024
A.J. O'Leary

By A.J. O’Leary – Banking and Legal Reporter, Birmingham Business Journal

FirstBank has opened a new branch in Shelby County.

FirstBank, which is owned by Nashville-based FB Financial Corp. (NYSE: FBK), opened a new branch at 5354 U.S. Highway 280 near the Alabama Highway 119 intersection May 28.

According to a news release from the company, Sue Reynolds is financial center manager at the branch, leading a team of four bankers.

“This new branch broadens FirstBank’s footprint and reflects the bank’s growing presence throughout the Greater Birmingham region,” Reynolds said.

The new branch is 2,900 square feet. It was purchased for $2.1 million. The location was chosen to better serve a large portion of the bank’s existing customers and expand into new markets, bank officials said.

FirstBank also has a branch at 404 Hollywood Boulevard in Birmingham and locations in North Alabama. Chad Long was named Birmingham market president with the bank earlier this year, the BBJ previously reported.

“FirstBank is pleased to establish a physical presence in Shelby County to better deliver financial services to the residents and businesses in the local communities,” FirstBank South Region President Grant Lauderdale said.

FirstBank has roughly $12.6 billion in total assets. It has 81 branches in Tennessee, Kentucky, Alabama and Georgia and mortgage offices throughout the Southeast. It had $273 million in deposits in the Birmingham-Hoover metro as of June 30, 2023, the most recently available metro-level FDIC data shows.

FirstBank has made significant investments in Birmingham in recent years, including establishing a regional office in the downtown Financial Center to house roughly 60 local employees.

FirstBank is the third-largest mortgage lender in Nashville in terms of local mortgage volume, with $949 million in the city. The bank first entered Alabama when it began building its mortgage group in the state in 2011.

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