Tampa Bay Business Litigation: Servis1st Bank faces lawsuit over Tampa expansion (Centennial Bank)

Mark Zamora passed this along to me – news of a bank based in Alabama:

 

The complaint alleges that “ServisFirst and its current Tampa Bay senior executive, Bryant, have engaged in a pattern of actionable misconduct, by which Bryant and two other former executives of Centennial, have left their senior positions at Centennial in an orchestrated manner in order to directly compete with Centennial as new employees of ServisFirst.”

The lawsuit asks for damages from ServisFirst and from Bryant for interfering with employment agreements and for interfering with the prospective business advantage Centennial expected when it bought Bay Cities, one of the larger banks in the Tampa Bay area. Source below.

Read more here: http://www.bizjournals.com/birmingham/news/2016/01/14/servisfirst-faces-lawsuit-over-tampa-expansion.html

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