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BankFirst Record Net Income; Farmers & Traders Acquisition Complete

BankFirst Capital Corp., which completed its acquisition of Haleyville’s Farmers & Traders Bancshares on July 1, announced a record-setting second quarter net income of...

PPP Loans: When “Never Mind” is the Right Thing

On July 6, the U.S. Treasury Department released a database on the Payroll Protection Program, the recently ended business relief program that administered $700...

A Fearful Wild Ride

“The stairs take the market up and the elevator takes it down,” it’s said, and the brain trust of Alabama wealth managers we interviewed added the footnotes and admonitions top to bottom.

UB Offers $65M in New Market Tax Credit Funding

UB Community Development, a partner of Atmore-based United Bank, has received $65 million in New Market Tax Credit authority, which it will allocate to...

Alabama Highest in 2020 Per Capita Bankruptcies

Commercial chapter 11 filings during the first six months of the year 2020 increased 26 percent over the year before, and Alabama had the...

BBVA USA Streamlines Industry-Leading Mobile App

BBVA USA has launched two new digital updates designed to strengthen financial freedom for their customers. Mobile 9.0, its new mobile banking app, and an...

United Bank Provides Funding for Municipal Projects

United Bank Community Development has provided lending for a new sanitation building in Atmore and a new fire truck in Satsuma. A subsidiary of Atmore-based...

Rural Private Equity: Alabama-Born Niche

It's not every day that a billionaire flies into Haleyville, but that's what fashion designer Tommy Hilfiger did when he wanted to consult with...

May Unemployment Figures Hint at Recovery

The Covid economy appears to have reached bottom and recovery may be underway, according to an analysis from a team of BBVA researchers. The BBVA...

Bank Independent Supplies PPP Loan Forgiveness Guidance

Bank Independent recently provided businesses with guidelines on the Small Business Administration’s Paycheck Protection Program loan forgiveness process. The PPP loan program is intended to...

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