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.