Banking and Finance

Chambers named CEO of Southern States Bank

Mark Chambers has been named CEO of Southern States Bank and added to the board of directors of holding company Southern States Bancshares.

ServisFirst Bank expands in North Carolina

The Charlotte market location of ServisFirst Bank will be led by Rick Manley, a 40-year banking veteran. ServisFirst is headquartered in Birmingham.

Credit unions buying banks is a trend on the rise

Avadian Credit Union is among the financial institutions growing through acquisition of a bank. Its acquisition will close in the third quarter of 2022.

Alabama’s Largest Credit Unions 2022

Redstone Federal Credit Union ranked the largest of Alabama's credit unions based on assets in third quarter 2021. See who else made the list.

Cadence Bank and NCRC develop community benefits plan

The $20.7 billion community benefits plan will help underserved communities, small businesses and low- and moderate-income individuals.

Retrospect: A look at the history of the Alabama Penny Savings Bank

Founded in Birmingham in 1890, the Alabama Penny Savings Bank was the first financial institution in the state-owned and operated by African Americans

Big banks get bigger

Mergers propel PNC to Alabama's No. 2 spot; Cadence to 6th in Southeast. PNC acquired BBVA USA and Cadence acquired BancorpSouth.

Two Alabama companies on Forbes’ list of America’s Best Large Employers

The University of Alabama at Birmingham ranks 51st and Regions Financial ranks 334th on Forbes magazine’s 2022 list of America’s Best Large Employers.

The Alabama origin of Lehman Bros.

In New York harbor on a mid-September day in 1844, a long voyage to America came to an end for a 21-year-old Bavarian man...

Regions launches commercial business development team

Jordan Baxter, senior vice president in Regions Commercial Banking, will lead a new Commercial Business Development team at Regions Bank.

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