Bank47, formerly known as LifeSteps Bank and Trust, has officially set up its headquarters in Huntsville, introducing a fresh brand and a new approach to banking. The bank’s leadership says the name reflects its dedication to stability, completeness, and meaningful financial relationships.
Leadership team brings extensive banking expertise
Led by CEO Hill Womble, Bank47 aims to redefine banking through its concierge model, offering high-touch, personalized financial services to individuals, families, and businesses. The leadership team includes President John Johnson, EVP/CFO/COO Dana Potts, Banking Executive Jeff Wilson, SVP of Operations and Finance Randy Tidwell, and Senior Risk Advisor James Brown. Together, they bring extensive experience in commercial banking and financial strategy.
Huntsville’s economic strength makes it an ideal location
“Huntsville’s energy, innovation, and economic strength make it the perfect home for Bank47,” Womble said. “We are creating a financial institution that prioritizes relationships and helps clients navigate life’s most important financial decisions.”
Board of directors ensures a strong financial vision
The bank’s board of directors includes industry leaders such as Chairman Kelli Powers, Vice Chairman Pat Frawley, and members Ronnie Williams, Richard Raleigh, Henry Ford, and Phil Slater. Their combined expertise spans multiple industries, ensuring a commercially focused and forward-thinking financial strategy.
With a concierge banking model that blends technology with personalized service, Bank47 aims to assist clients in financing homes, growing businesses, and managing complex financial landscapes. As it establishes its presence in Huntsville, the bank seeks to redefine what it means to be a trusted financial partner.
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