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Banking and Finance

Alabama Leads National Rise in Bankruptcies in 2019

After declining for eight consecutive years, total bankruptcy filings in the U.S. saw a rise of 0.28 percent in 2019, and Alabama recorded the...

BancorpSouth, Texas First Bancshares Ink Merger

Mississippi-based BancorpSouth Bank, which has 310 full-service branches in Alabama and seven other states, recently completed its previously announced merger with Texas First Bancshares...

BBVA Named Top Regional Bank by Website

GoBanking Rate, an online resource that helps consumers find deals on financial products nationwide, this week named BBVA USA one of the Best Regional Banks of...

Alabama 8th Highest in Household Debt Delinquencies

Alabama ranks 8th highest among states for delinquencies on household debt, according to a study by the online insurance company Fabric Insurance Agency LLC.

This North Alabama Bank is an Accounts Receivable Specialist

In the wake of the 2008 recession and a credit crunch for bank lending to small-and-midsize businesses, even the New York Stock Exchange got...

Reorganization at High Cotton

High Cotton, an Irondale-based document outsourcing firm specializing in the financial and healthcare industries, recently announced completion of a management restructuring. Tommy McGahey stepped into...

Auburn Finance Prof Weighs Chance of Recession

Albert Wang, the Synovus Fellow and associate professor of finance in the Auburn University Harbert College of Business, recently shared his thoughts on the possibility of a recession in the U.S.

Bank Stocks Take a Beating, Recession Fear

Declining bank stocks are a bell weather of recession fears, MarketWatch reported August 14. Birmingham-based Regions Financial Corp. was one of the notable declines, down...

Swank Movie Chain Balks RSA Loan, Files Bankruptcy

Luxury movie theater chain IPIC Entertainment filed for Chapter 11 bankruptcy on August 5, with the Retirement Systems of Alabama owning 39.2 percent of...

Louisiana Bank Buys Bank of York, in Alabama

Louisiana-based Investar Holding Corp. and its wholly-owned subsidiary, Investar Bank, announced plans to purchase the Bank of York in York, Alabama in a $15 million deal.

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