Banking and Finance

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.

46 Years of Alabama Growth — the Alabama Public Pension Fund

The Retirement Systems of Alabama has grown substantially and contributed significantly to Alabama’s economic expansion over the last 46 years by developing assets in...

New Venture Capital Fund Yields Early Returns

In its first year of investments the $25 million Alabama Futures Fund has spurred three promising young tech companies to move their headquarters to Birmingham.

How to Get the Best Price for Your Business

Top Alabama accounting experts set you on the path to negotiating the top price when you put your business up for sale.

When Do You Call in the Fraud Team?

The national fraud meter is crackling at some historic peaks. In a profession in which auditors are hired by the company, just what is “auditor independence?” And when do you call in a special team?

How ServisFirst Keeps Scoring

Always a standout in our annual report on bank performances, ServisFirst explains how its key measurements spring from a tight focus on core competencies. Focus has led to expansion — from Birmingham to Nashville to Charleston to Tampa, and from income of $52.3 million to $137 million.

What’s Your Credit Score? FICO Helps With Answers

For the average consumer, there are many mysteries surrounding credit scores. What is a FICO score? Is it really necessary to monitor this metric...

Bank Exposure on Commercial Real Estate Creeps Higher

According to a recent report in National Real Estate Investor, a “day of reckoning” may be looming for banks with too much exposure on commercial real estate loans.

Alabama Credit Union Act Fine Tuned

During the most recent Legislative session, Alabama Governor Kay Ivey signed into law an update to the state’s credit union act.

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