Bank47 expands to Huntsville with a new brand

Bank47, formerly LifeSteps Bank and Trust, has announced that it will establish headquarters in Huntsville. The new name reflects the bank’s commitment to stability, completeness, and building meaningful financial relationships. With a focus on concierge banking, Bank47 provides a tailored, high-touch experience for individuals, families, and businesses navigating pivotal financial decisions.

At the forefront of this expansion is Hill Womble, CEO, alongside a leadership team committed to fostering deep financial partnerships. Joining Womble in guiding the bank’s vision are John Johnson (President & CCO), Dana Potts (EVP, CFO & COO), Jeff Wilson (Banking Executive), Randy Tidwell (SVP, Operations and Finance), and James Brown (Senior Risk Advisor). Together, they bring decades of expertise in commercial banking, financial strategy, and business growth.

“Huntsville’s energy, innovation, and economic strength make it the perfect home for Bank47,” said Hill. “We are building more than a bank—we are creating a financial institution that prioritizes relationships and helps our clients grow, thrive, and navigate life’s most important financial moments.”

The board of directors is composed of industry leaders with deep financial expertise and entrepreneurial experience. Joining Womble and Johnson on the board are Kelli Powers (Chairman), Pat Frawley (Vice Chairman), Ronnie Williams, Richard Raleigh, Henry Ford, and Phil Slater. Their combined leadership spans multiple industries, ensuring Bank47 remains a forward-thinking, commercially focused financial institution.

Bank47’s concierge banking model seamlessly integrates cutting-edge technology with personalized service, guiding clients through everything from financing their dream homes to navigating complex financial landscapes.