House calls are one way to save on rent. An Alabama bank doesn’t have any ATM machines, tellers or a fancy lobby. Like a mobile glass repair company, or doctors of days gone by, their bankers come to you. And because of their unique operation, they’re one of the ten fastest growing banks in the country.
As an entrepreneur, Tom Broughton finds most banks pretty annoying.He thinks they require too much paperwork from customers. And they take too long to make a decision on a loan. He thinks it curious that banks shovel money at customers when they don’t need it - and slam the vault shut when they do. He doesn’t get why bankers don’t spend more time on their customers’ turf when they profess to be so concerned about the state of their businesses.
“Probably don’t want to scuff the wingtips,” he chuckles.
All of which is pretty funny, considering that Broughton is a banker. He sees his startup, ServisFirst, as the antibank, a boutique outfit run by entrepreneurs for entrepreneurs.
What business you could you do in your client’s location that is normally considered something that requires an office?
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