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Banking and Finance

Bank Leumi merges into Valley National Bank

Bank Leumi, based in Israel, has merged its U.S. unit into Valley National Bank, at a price of about $1.2 billion. Bank Leumi will...

Progress Bank opens Tuscaloosa office

Huntsville-based Progress Bank will open a loan production/deposit production office in Tuscaloosa and has hired a Tuscaloosa market president.

Cadence Bank celebrates opening branch in Southwest Birmingham

 Cadence Bank celebrated opening its newest branch on Dennison Avenue in Southwest Birmingham, in the historic African American communities of Titusville and West End...

UB Community Development receives $65M allocation

UB Community Development LLC, a community development partner of United Bank, has been awarded a $65 million New Markets Tax Credit allocation from the...

Hometown Lenders expands national footprint

Huntsville-based Hometown Lenders (HTL) opened a branch in Gig Harbor, Washington, bringing its total locations to more than 100 in some 40 states. It’s...

ProU Sports and The Wealth Edit win Alabama Launchpad’s Cycle 2 Finale

Two startup companies won a combined $75,000 in Alabama Launchpad’s Cycle 2 virtual finale.A program of the Economic Development Partnership of Alabama, Alabama Launchpad...

Regions Bank closes affordable housing fund

Regions Bank has closed a $126 million tax credit equity fund that will help provide affordable housing in 10 states.The Regions Affordable Housing Corporate...

Trustmark creates strategic collaboration with Commonwealth National

Mississippi-based Trustmark National Bank has entered a strategic collaboration agreement with Mobile’s Commonwealth National Bank.The agreement is part of the Controller of the Currency’s...

One of Cullman’s founding financial institutions is going public

Barely a decade after the city of Cullman was founded in 1873, a group of 30 original settlers organized a bank called Cullman Building...
Book with words Merger and Acquisition on it.

Alabama Credit Union to acquire Jasper bank in sale

Tuscaloosa-based Alabama Credit Union said today it has agreed to acquire Security Federal Savings Bank of Jasper.Though the terms of the sale to the...

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