Superior Exchanges Securities for Stock

Superior Bancorp in Birmingham, Ala., has taken another step in its efforts to improve its capital position.

IndyMac's Buyer Does Another Deal with FDIC

Seven more banks fail; government gets creative

Seven failed banks holding a combined $14 billion in assets failed Friday in what was yet another busy night for the Federal Deposit Insurance Corp.

A Superior Idea for a Common Problem

A few companies are trying to get the government to convert its preferred shares to common ones, but Superior Bancorp in Birmingham, Ala., had an even better idea, one widely ...

Stars Align for M&A on Gulf Coast

Analysts said Iberiabank likely has a plan for all that capital it just raised and they see the move as a signal of a potential failure spree on the way. The Louisiana company took in $143 million this week, on top of $110 million in December.

Regulators Tell Colonial to Shape Up

Colonial BancGroup's new chief executive officer received a rough welcome, getting slapped with a cease-and-desist order after a week on the job.

Nexity Close to Raising Capital, CEO Says

Funds would more than satisfy March C&D order

The capital pressure at Nexity Financial Corp. is mounting, but its top executive says the Birmingham, Ala., company is close to raising what it needs.

Silverton Hit at Auburn National

Auburn National Bancorp. Inc. in Alabama said it expects the failure of Silverton Bank to cut into two quarters' worth of earnings.

BancTrust Pins $6M Loss on Coastal Loans

With nonperforming assets climbing to 7.23% of its total, BancTrust Financial Group of Mobile said Monday that it swung to a 1Q loss of $6 million, from a profit of ...

Delay on Tarp Decision Costs an Insurer Its Deal

Protective Life of Birmingham, Ala., has lost its deal for a struggling Florida banking company. The reason: the long wait for insurance companies seeking government capital.

Flush with Capital, Iberia Expanding into Alabama

Alabama has been a hot market for consolidation in recent years, and Iberiabank of Lafayette, La., sees the potential for employee and customer defections as an opportunity.

Alabama Bank Grew Fast Without Fumbling

Thomas A. Broughton, president and CEO of ServisFirst Bank, acknowledged that ServisFirst is unlikely to continue growing at the brisk pace of its early years (from 2006 to 2008, annual asset growth ranged from 40% to 60%).

Synovus Combining Four Bank Units

The company said it would merge Columbus Bank and Trust with two of its other Georgia banks — CB&T Bank of Middle Georgia in Warner Robins and ...

Nexity Seeking Investor, Buyer as Losses Persist

Observers said it would be tough to find either, but the Alabama company's chairman and CEO said that he is sure its correspondent banking business would be appealing.

Protective Life, Seeking Tarp Funds, Buying Bonifay

Protective Life in Birmingham, Ala., said it has signed a letter of intent to acquire the $241.6 million-asset Bonifay Holding in Florida.