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KKR takes major stake in Therapy Brands

International investment firm KKR has agreed to purchase a majority stake in Birmingham’s Therapy Brands for $1.2 billion. The Birmingham firm, founded in 2013, creates...

Alabama-Based, Family-Owned Community Bank Continues Steady Growth

Opening a new banking office during a COVID-19 pandemic has certainly made for creative approaches to celebrating achievements such as this. In the past...

BancorpSouth and Cadence Merge

Parent companies of BancorpSouth Bank and Cadence Bank today announced a merger that will create a $6 billion institution that the firms calculate will...

Atmore’s United Bank buys Town-Country

United Bancorporation of Alabama Inc., based in Atmore, announced today that it is acquiring Town-Country National Bank, based in Camden. TCNB will now operate...

Cullman Bancorp to Become Public Company

Cullman Bancorp Inc. is planning to go public. The parent of Cullman Savings Bank will offer a second-step stock offering of new shares of common...

Regions Names New Chief Marketing Officer

Regions Bank has named Abbas Merchant as chief marketing officer, replacing Michele Elrod, who is retiring after 37 years with the bank. Merchant was with...

BancorpSouth to buy FNS Bancshares in $108 million deal

Texas-based BancorpSouth Bank will merge with FNS Bancshares in a $108.4 million deal, BancorpSouth announced Wednesday. FNS Bancshares, based in Scottsboro and founded in 1900,...

Forbes accounting, tax firm list includes Alabama companies

Ten Alabama firms earned mentions on Forbes magazine’s Best Tax and Accounting Firms List. It’s the second year that Forbes has partnered with Statista, a...

Regions COO John Owen to retire in March 2021

John Owen, chief operating officer at Regions Financial Corp., will retire March 15, 2021, the bank announced Tuesday. Owen joined Regions in 2007, becoming COO...

PNC Will Buy BBVA USA for $11.6 Billion

Two of Birmingham’s biggest banking forces will merge, with PNC Financial Services Group announcing Monday it will buy BBVA USA for $11.6 billion. PNC is...

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