State Coverage: Alabama
United Security Reports 3Q Loss; Introduces New CEO
American Banker | Nov 08United 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 28The 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 10Alliant 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 18The 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 17Six 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 05Superior 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 04First 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 22Superior 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 02SouthFirst 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 24Superior 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 16Superior 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 05The 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 05Nexity 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 26About 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 16Superior 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.
