SouthPoint, Merchants agree on merger; Huntsville company awarded $9M contract; PNC raising its minimum pay rate; Hoover’s Perfect Note expanding

SouthPoint Bancshares and Merchants Financial Services, parent companies of SouthPoint Bank and Merchants Bank of Alabama, will merge.

SouthPoint, Merchants agree on merger SouthPoint Bancshares and Merchants Financial Services, parent companies of SouthPoint Bank and Merchants Bank of Alabama, will merge, with a combined $1 billion in assets, $895 million in deposits and 10 branches. Merchants Bank will continue to operate under its name as a division of SouthPoint. – Banking Exchange Huntsville…

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