Oakworth stock trading publicly; Developer seeks more demolition funds; Trussville burger institution returning; Coastal real estate company acquires complex

Oakworth stock now trading publicly

Birmingham-based Oakworth Capital Bank is now trading publicly on the OTCQX Best Market under the symbol OAKC. In a letter to shareholders, the bank encouraged shareholders to convert existing certificates to an electronic holding. – Oakworth Capital Bank

 

Developer seeks more demolition funds from Birmingham

Corporate Realty, which is developing the old Carraway Hospital campus in north Birmingham, is asking for more money for demolition from the City of Birmingham. The city agreed to give the developer $4 million in demolition funds up front, as well as $9 million in future tax breaks. The developer says increased costs require $3.7 million of those future incentives now.  – WVTM 13

 

Trussville institution returning

Velma’s, a beer and burger joint that shuttered a decade ago, is reopening. The restaurant opened in 1938, and it’s being revived by longtime fans of the restaurant and bar. The goal is to reopen in February or March. – AL.com

 

Coastal real estate company acquires complex

Gulf Shores-based Crye*Leike Gulf Coast Real Estate and Vacation Rentals has acquired Orange Beach-based vacation rental management company Romar House Sales and Rentals LLC. The Romar House complex features two 11-story towers and Polynesian architecture.  – Crye*Leike Real Estate and Vacation Rentals