Alabama

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.

The $364 million-asset company named Steve Rownd to the positions, effective Jan. 1. Rownd will also be named president and CEO of FNB Bank.

Regions Financial in Birmingham, Ala., has acquired BlackArch Partners, a Charlotte, N.C., firm that handles M&A for middle-market companies.

First Partners Bank in Birmingham, Ala., and Highlands Bancorp in Vernon, N.J., have both issued subordinated debt, as part of their plans to exit the Small Business Lending Fund program.

Regions Financial in Birmingham, Ala., said its longtime head of operations and technology, Cindy Rogers, will retire at the end of the year.

Iberiabank in Lafayette, La., plans to close eight branches in Louisiana, Alabama and Florida.

Avadian Credit Union in Birmingham, Ala., has agreed to buy American Bank of Huntsville in Alabama.

Southern States Bancshares in Anniston, Ala., has agreed to buy Columbus Community Bank in Georgia for $21.4 million.

Regions Financial in Birmingham, Ala., reported higher quarterly profit on stronger fee income.

The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.

Cadence Bank in Birmingham, Ala., has closed three branches in Alabama and plans to close five more in Mississippi and Texas, the Birmingham News reported.

Alabama One CU file suit against the state regulator and other state officials alleging a conspiracy against the $613 million credit union.

Regions Financial in Birmingham, Ala., has agreed to pay $90 million to settle a 2009 shareholder lawsuit over its acquisition of AmSouth Bancorp.

TUSCALOOSA, Ala. — A legal battle involving Alabama One Credit Union, headquartered here, and the Alabama Credit Union Administration escalated Friday, as the credit union filed a petition in state court to void the regulator's recent actions.

BIRMINGHAM, Ala. — Shared branching network CU Service Centers of Alabama is set to return $147,000 in patronage rebates and dividends, the fourth consecutive year it has done so.

Grayson Hall, chief executive at Regions Financial in Birmingham, Ala., will serve as the private sector chairman for the Southeast U.S.-Japan Association's joint forum.

TUSCALOOSA, Ala. — Tuscaloosa Teachers Credit Union has rebranded itself as RiverFall Credit Union.

MONTGOMERY, Ala. — MAX Credit Union here took advantage of Black History Month to unveil its new debit card paying tribute to the historic Selma-to-Montgomery civil rights march of 1965.

Five Star Credit Union in Dothan, Ala., has agreed to buy Farmers State Bank in Lumpkin, Ga.

BIRMINGHAM, Ala./TALLAHASSEE, Fla. And SEATAC, Wash. — The League of Southeastern Credit Unions and Affiliates will license the functionality and framework of the website of the Northwest CU Association as LSCU redesigns its site.