News Topic: Alabama

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama. ... Read full article

USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank. ... Read full article

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares. ... Read full article

Investar Holding said it no longer plans to buy Cheaha Financial in Alabama. ... Read full article

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs. ... Read full article

The Mississippi company will pay $49 million for Traders & Farmers Bancshares. ... Read full article

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group. ... Read full article

The company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi. ... Read full article

Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks. ... Read full article

The company has agreed to buy Trinity Bancorp for $27 million in cash and stock. ... Read full article

The proposed merger will create a bank with more than $1 billion in assets. ... Read full article

The Alabama company recorded a $91 million loan-loss provision and raised deposit rates during the first quarter ... Read full article

The company plans to use the new capital to pursue growth opportunities. ... Read full article

New CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining. ... Read full article

The Alabama bank has named former power company executive Charles McCrary chairman instead of giving the job to new CEO John Turner. ... Read full article

John Corbett has known the leaders of National Commerce since he helped launch CenterState in 1999. It’s a big reason CenterState is breaking from tradition to hire those executives once it buys the Alabama bank. ... Read full article

The Florida company will have more than $16 billion in assets, along with increased scale in Georgia, when it buys National Commerce. ... Read full article

The Mississippi company will have 22 branches and more than $1 billion in assets when the deal is completed. ... Read full article