Regions could appeal to Wells Fargo, Citigroup as acquisition target
A report from CNBC lists Regions Bank, based in Birmingham, as one of five banks that could be acquisition targets for either Wells Fargo or Citigroup. Those two banks are the only megabanks with room under the 10% national deposit cap to buy a large regional bank. — CNBC
Chicago group buys Tuscaloosa retail property
JLL Income Property Trust, based in Chicago, has acquired Midtown Village in Tuscaloosa for $94 million. The property is a 345,000-square-foot open-air retail center whose tenants include Best Buy, Barnes & Noble and Old Navy. — PR Newswire
Austal begins construction on new Coast Guard cutter
Austal USA, in Mobile, has started construction on a third U.S. Coast Guard Heritage-class Offshore Patrol Cutter. Austal’s contract includes options for up to 11 cutters. — Austal USA
Leeds chamber has new executive director
Josh Marks has been named executive director of the Leeds Area Chamber of Commerce. Marks most recently worked as an agent/broker with Goosehead Insurance. — St. Clair News-Aegis
