Financial Rock Star, Former Harbert Manager, Has Assets Frozen
Masterworks by Pablo Picasso and Andy Warhol were among the swag sold by infamous hedge fund operator Philip Falcone that prompted a New York...
United Bank Lands One of U.S. Treasury’s Largest Community Development Awards
The U.S. Treasury Department recently gave a $6 million community development award to United Bank, in Atmore, in south Alabama, one of the largest...
New Bank Hits $100 Million Milestone
A relatively new bank in Huntsville has reached $100 million in assets.
Merit Bank, a subsidiary of Merit Bancorporation, in July 2019 made news for...
Small Business Bankruptcy Reforms You Need to Know
Key changes covered here:
prompt deadlines
protection from vengeful creditors
class of creditors not needed to approve a plan
absolute priority rule eliminated
independent...
Small Business Fraud Prevention Essentials
Banking regulations do not necessarily provide the same protections for businesses as they do for consumers. To protect your business, begin with this checklist...
Business Banking Tips: The Importance of Complete Financial Reports
In commercial lending, we use the phrase “the story” quite a bit. Can an owner tell his or her story about the history, vision,...
Alabama Accounting Firms Make America’s Best Listing
Most citizens think about accountants right around tax time, but for businesses, accountants are a vital part of day-to-day activities.
Forbes recently partnered with Statista...
UBCD Arranging $3.5M in New Market Tax Credits for Nonprofit
Atmore-based UB Community Development, a partner of United Bank, recently announced $3.5 million in New Markets Tax Credits for the Community Foundation of South...
Regions Expands in Houston, Reports Solid Q4
After reporting a better than expected fourth quarter, Regions Financial continued its plans to expand in Houston, Texas, with the late January opening of...
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...