Alabama

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.

ServisFirst Bancshares in Birmingham, Ala., which went public last spring, reported a 27% increase in earnings, to $15 million, in the fourth quarter. It also announced plans to expand into South Carolina.

Regional banks M&T and Regions Financial continue to see healthy loan growth, but low interest rates (combined with their own special problems) are preventing them from translating it into higher profits.

National Commerce in Birmingham, Ala., is looking to raise $50 million through an initial public offering.

Home BancShares in Conway, Ark., has named a new chief for its banking unit.

Renasant Corp. in Tupelo, Miss., has agreed to buy Heritage Financial Group in Albany, Ga., for roughly $258 million.

The American Bankers Association has added 12 banks to community banks indexed and listed with the Nasdaq stock exchange.

TALLAHASSEE, Fla. — Credit union membership is up in Florida and Alabama, thanks in part to the success of a long-term branding campaign started more than three years ago.

LOS ANGELES and NOTRE DAME, Ind. — Two collegiate credit unions are putting a football rivalry to good use.

DOTHAN, Ala. — Five Star Credit Union has completed its merger with Georgia Coastal Federal Credit Union.

HUNSTVILLE, Ala. — In an effort to increase its checking account activity, Redstone Federal Credit Union here developed a comprehensive solution, including a new debit-engaging app.