Banking and Finance

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...

Tom and Beth Ray continue the family banking business in Waterloo

And then there was that time that Tom Ray chased the bank robbers down Main Street in Waterloo.He doesn’t remember exactly when that happened...

Wells Fargo allots $3 million for minority grants

Wells Fargo has announced a grant program to provide $3 million to help small business in Alabama, Georgia, Mississippi, North Carolina and West Virginia.Funds,...

Regions to acquire Utah-based home improvement lender

Regions Bank today announced it has agreed to acquire home improvement lender EnerBank USA, which is based in Salt Lake City, Utah.EnerBank is one...

United Bank focuses on the community

In 1907, a cluster of homes seated parallel to a railroad became Atmore, Alabama. In the same year, the Wright Brothers flew the first...

PNC gets approval for BBVA acquisition

Pittsburgh-based PNC Financial Services Group has won regulatory approval for its acquisition of BBVA USA.The deal is expected to close June 1, leaving PNC...

FirstBanc Acquires SouthFirst

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...

KKR takes major stake in Therapy Brands

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...

Alabama-Based, Family-Owned Community Bank Continues Steady Growth

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...

BancorpSouth and Cadence Announce a Merger

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

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