United Bancorp. Ranked 9th U.S. Community Bank
United Bancorporation of Alabama (OTCQX: UBAB), the parent company of United Bank, was ranked 9th in the country in the recently published American Banker Magazine annual list of top 200 publicly held banks with assets of less than $2 billion, an increase from the company’s 2019 16th ranking. — Press Release
Ransomware Has New Hostage In Sight, as Florence Shows
Cybercriminals have figured out that fencing stolen data is a lot more work than just holding it hostage. It also doesn’t pay as well. Ransomware is a rapidly growing cyber threat, and attacks overall were up 25% in Q1. The city of Florence, Alabama, was hit on June 5th with a ransomware attack and hackers demanded $300,000, which city officials said they’d likely pay to keep their citizens information off the internet. — In Cyber Defense
Urgent Care for Children Selects Huntsville for Sixth Location
Urgent Care for Children, a Birmingham-based pediatric urgent care provider, will be expanding its reach this fall in opening its sixth Alabama location in Huntsville. — Yahoo Finance
Miles College announces temporary furloughs, layoffs due to COVID-19
On Thursday, June 18, Miles College announced the limited, temporary furlough of a portion of its employees, effective immediately. The college cited the COVID-19 pandemic as a major factor in its decision, as well as the expensive move to online classes for the remainder of the Spring 2020 semester. — ABC3340
Six Alabama Cities in AT&T 5G Expansion
AT&T has turned on its 5G network in 137 additional markets bringing its total to 327 markets in the U.S. where the company has deployed the next generation wireless technology, including six cities in Alabama. — Electronics 360
Aexa Aerospace Demonstrates Holographic Teleportation
Holographic teleportation is possible. During COVID-19 times, a company based in Houston, Texas, developed holographic teleportation, or holoportation for short, to facilitate telework. During the demonstration, Aexa Aerospace CEO Fernando De La Peña Llaca, located in Friendswood, Texas, holoported with his software developer Nathan Ream in Huntsville, Alabama. — Press Release
UAB-Tested Drug for Lung Disease Closes $8.1 Million Funding Round
Renovion Inc. has completed a Series A financing round of $8.1 million to fund ARINA-1, a drug candidate for chronic inflammatory lung diseases that is being tested at the Gregory Fleming James Cystic Fibrosis Research Center at the University of Alabama Birmingham. — Odessa American
FCCI Insurance Group to write commercial insurance in Pennsylvania
P&C insurer FCCI Insurance Group is expanding its commercial insurance business into the state of Pennsylvania, where it will begin writing insurance starting September 01, 2020. — Insurance Business
