Alabama

The combined institution will serve almost 75,000 members with nearly $660 million in assets.

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama.

USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank.

Primary races in Alabama, Maine and Texas resulted in victories for candidates with support from the Credit Union Legislative Action Fund.

Danny Varnon will serve as the next CEO of the Alabama-based institution after Monte Hill retires in January.

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares.

Investar Holding called off its deal to buy Cheaha Financial in Alabama.

A unit of the Huntsville, Ala.-based institution has acquired Ben Porter Realty and rebranded the company as Redstone Family Realty.

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.

Alabama Rural Electric Credit Union will merge into Alabama One later this year, creating a combined institution with a reach across 57 counties.

Recent political controversies are forcing credit unions and industry groups to reconsider their support for lawmakers they previously endorsed.

The Mississippi company will pay $49 million for Traders & Farmers Bancshares.

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.

Martin Head had served as interim leader of the Montgomery, Ala.-based institution since earlier this year.

The Alabama-based institution has embraced recruiting younger workers as a way to introduce new lines of thinking across the organization.

The company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

Members of the Georgia Credit Union Affiliates have voted to join the League of Southeastern CUs, the second such merger this year. Analysts say there could be more to come – and soon.

Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks.