October 21, 2016 9:51 PM ET


Company Overview of AloStar Bank of Commerce

Company Overview

AloStar Bank of Commerce provides banking services to individuals, middle-level business customers, and community financial institutions in the United States. The company offers certificates of deposit, individual retirement, savings, checking, money market, and business accounts, as well as debit cards; and retail banking that includes personal and business online banking services for individuals. It also provides strategic balance sheet management, clearing funds management, fed funds, investment portfolio strategies, international services, and 24/7 access to account data for financial institutions. In addition, the company offers business credit, which includes senior secured revolving l...

3680 Grandview Parkway

Suite 200

Birmingham, AL 35243

United States

Founded in 2011





Key Executives for AloStar Bank of Commerce

Chief Executive Officer and Director
Age: 56
Chief Financial Officer
Executive Vice President of Operations
Age: 58
Chief Credit Officer
Managing Director of Alostar Business Credit
Compensation as of Fiscal Year 2016.

AloStar Bank of Commerce Key Developments

Elmington Mulls Acquisitions

Elmington Capital Group, LLC is seeking acquisitions. Elmington Capital Group, LLC took a loan of $16.76 million which will be used to facilitate the acquisition of a multifamily apartment property in Alabama.

ALOSTAR BANK Presents at The 6th Annual Bank & Financial Institutions Special Assets Forum on Real Estate, C&I, and SBA Loans, Feb-05-2016 11:45 AM

ALOSTAR BANK Presents at The 6th Annual Bank & Financial Institutions Special Assets Forum on Real Estate, C&I, and SBA Loans, Feb-05-2016 11:45 AM. Venue: Ritz Carlton, 1 North Fort Lauderdale Beach Boulveard, Fort Lauderdale, FL 33304, United States. Speakers: John Cannon.

Alostar Bank of Commerce Announces Management Changes

AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board of directors of AloStar Bank of Commerce has announced the appointment of Andrew S. Andy McGhee as CEO. McGhee will also join the company's board of directors. Gillfillan, 67, is co-founder of AloStar Bank of Commerce and partnered with McGhee to raise funds and charter the bank in 2011. McGhee, 55, was most recently president of commercial banking at AloStar and headed its AloStar Business Credit unit, the bank's asset-based lending arm.

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