Community banks dabble with voice banking, but still not fully sold
Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back. ... Read full article
News Topic: Alabama
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Improved business lending and higher fees lead the way at Regions
Increased third-quarter revenue outweighed higher operating expenses at the Alabama regional. ... Read full article
Credit union to buy Alabama branches from Synovus
Jefferson Financial Federal Credit Union will gain three locations, along with $138 million in loans, as part of the transaction. ... Read full article
A slow economy gave regionals chance to catch up on tech
A sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall. ... Read full article
National Commerce in Ala. completes 15-month succession process
Richard Murray IV was named chairman, succeeding John Holcomb III. Murray replaced Holcomb as CEO last year. ... Read full article
FNS Bancshares in Ala. wades into Georgia with small bank acquisition
FNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal. ... Read full article
Equifax reaches deal with 8 states on steps to avoid future breaches
Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties. ... Read full article
Alabama de novo raises $48M in initial capital
Organizers of CommerceOne Bank are one step closer to a planned opening this summer. ... Read full article
John Turner to succeed Hall as Regions Bank's CEO
Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year. ... Read full article
CenterState to gain first commercial operations in Ga. with Charter acquisition
The Florida company is also set to enter Alabama as part of the $360 million purchase. ... Read full article
Alabama to see first de novo in decade
Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening. ... Read full article
First US Bancshares to enter Virginia with latest acquisition
The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets. ... Read full article
National Commerce adds heft in Florida with Premier Community purchase
The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million. ... Read full article
Regions reshuffles execs, creates corporate responsibility arm
The Alabama company, as part of an efficiency effort, is streamlining its organizational structure and creating a division focused on community engagement. ... Read full article
Regionals step on gas in retail loans as commercial lending sputters
Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending. ... Read full article
Fee income, rising rates boost Regions' 4Q profit
Regions also saw significant increases in its point-of-sale consumer lending, even though overall loans were slightly down from 2016. ... Read full article
CECL compliance dragging small banks toward automation
Despite impending data requirements, many small banks are still struggling with automating loan risk calculations. ... Read full article
Dear Congress: Don't lose New Markets credit in tax reform deal
Lawmakers should preserve the credit meant to spur economic development as part of sweeping tax reform being debated in Congress this week. ... Read full article
What makes Birmingham fertile ground for a new bank
A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy. ... Read full article
Group files application to form bank in Alabama
The proposed CommerceOne Bank in Birmingham, Ala., would be run by former executives at First Partners Bank, which was sold earlier this year. ... Read full article