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...
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...
Southern States Bancshares launches initial public offering
Anniston-based Southern States Bancshares Inc., the bank holding company of Southern States Bank, has commenced an initial public offering of 996,429 shares of common...
How PPP Loans saved some Alabama businesses
The Paycheck Protection Program (PPP), the $961 billion emergency fund to help businesses stay afloat financially during the COVID-19 pandemic, came to a close...
United Bank exceeds $1 billion in assets
United Bancorporation of Alabama, the parent company of United Bank and United Bank Community Development, announced that as of June 30, it exceeded $1...
