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State Coverage: Alabama

United Security Reports 3Q Loss; Introduces New CEO

American Banker | Nov 08

United Security Bancshares Inc. reported a loss of $1.3 million in third quarter as the Thomasville, Ala., company continued to be plagued by problem real estate loans.

Fed Takes Action Against Four Banking Companies

American Banker | Jun 28

The Fed announced written agreements with four banking companies: Southern Community (N.C.), First Community (Texas), First Chatsworth (Ga.) and First National (Ala.)

BankUnited Exec to Lead Alliant Bank

American Banker | May 10

Alliant Financial Corp. in Birmingham, Ala., said Tuesday that it has hired a former BankUnited Corp. officer to become the chief executive of its bank.

Nexity Failure Showcases Flaws in Bankruptcy Strategy

American Banker | Apr 18

The concept of bankruptcy as a surefire step toward recapitalization isn't always so surefire. Take the case of the embattled correspondent bank Nexity in Birmingham, Ala.

Six Stories End, Two Chapters Begin on a Friday of Failures

American Banker | Apr 17

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Superior 2010 Filing on Hold

American Banker | Apr 05

Superior Bancorp in Birmingham, Ala., said it must continue to delay filing its 2010 report with the SEC until it addresses issues with certain appraisals.

Company in Louisiana Consolidates Banks

American Banker | Apr 04

First National Bankers Bankshares Inc. in Baton Rouge, La., said late Friday that it consolidated its four banks along the Gulf Coast.

Superior Names CEO and President

American Banker | Mar 22

Superior Bancorp in Birmingham, Ala., has named C. Marvin Scott as its chairman and chief executive and Rick Gardner as its president.

CEO Set to Depart SouthFirst in Alabama

American Banker | Dec 02

SouthFirst Bancshares said in a Wednesday press release that Sandra Stephens, who has been the CEO at SouthFirst and its bank for five years, will resign Jan. 2 to "spend ...

Superior Eyes Spill-Fund Cash

American Banker | Nov 24

Superior Bancorp in Birmingham, Ala., is seeking $58M from the Gulf Coast Claims Facility, a fund created by the oil company BP to cover damages caused by the Deepwater ...

Large 3Q Loss Hit Superior's Capital

American Banker | Nov 16

Superior Bancorp in Birmingham, Ala., said that capital levels fell again after it posted a hefty third-quarter loss.

Superior of Alabama Hit with C&D Order

American Banker | Nov 05

The Office of Thrift Supervision has given Superior Bancorp of Birmingham, Ala., until the end of March to strengthen capital ratios significantly.

Nexity Financial to Sell Wealth Unit

American Banker | Oct 05

Nexity Financial Corp. in Birmingham, Ala., which has been operating under bankruptcy court protection, is shedding its wealth management division.

Buyers Post Gains on Failures' Bad Assets

American Banker | Aug 26

About 32% of the 146 banks that acquired a failed bank from Jan. 1, 2009, through Aug. 19 of this year have recorded a net bargain-purchase gain from the failed bank's assets.

Loss Widens at Superior Bancorp

American Banker | Aug 16

Superior Bancorp in Birmingham, Ala., said its net loss widened significantly in the second quarter, largely because of a huge boost in its provision for loan losses.

Survey

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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