On February 14, 2023, Director Michael D. Fuller notified the Board of Directors of ServisFirst Bancshares, Inc. (the "Company") and its wholly-owned subsidiary, ServisFirst Bank (the "Bank"), that he will not stand for re-election at the Company's 2023 Annual Meeting of Stockholders. Mr. Fuller's decision not to stand for re-election was not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies and procedures. Mr. Fuller has served as a member of the Company's and Bank's Boards of Directors since their respective formations.

In recognition of his long and distinguished service to the Company and to continue to benefit from his counsel following the end of his term on the Board, the Board intends to designate Mr. Fuller as a director emeritus of the Company, effective immediately following the 2023 Annual Meeting of Stockholders. In his capacity as a director emeritus, Mr. Fuller will be entitled to attend Board meetings in an advisory capacity but will not vote on Board matters.