Banking & Finance

Talladega-based FirstBanc of Alabama Inc., parent company of First Bank of Alabama, has completed its acquisition of SouthFirst Bank, which was announced last October. The...

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...

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...

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

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

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,...

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...

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...