Banking & Finance

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 Bank 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...

Regions Finds Increased Investment From Business Owners

Regions Next Step, Regions Bank’s financial education program, recently surveyed small business owners and found that nearly half (46%) have invested more money in...

Bryant Bank Donates to UAH Programs

Bryant Bank has made two donations totaling $125,000 to the University of Alabama in Huntsville to support athletics and nursing. The UAH Charger Athletics program...

Pandemic Hits BBVA Numbers but Recovery in Progress

BBVA USA Bancshares Inc. today reported third quarter net income of $166 million, a huge improvement on its second quarter $124 million net loss,...

FirstBanc of Alabama Acquires SouthFirst Bancshares

FirstBanc of Alabama Inc., parent company of First Bank of Alabama, is acquiring SouthFirst Bancshares Inc., parent company of SouthFirst Bank. Both banks are...

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