Alabama

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.

Regions Financial in Birmingham, Ala., will stop using high-to-low reordering of checks and debits next year, resulting in a revenue loss of between $10 million and $15 million per quarter.

Regions Financial in Birmingham, Ala., reported higher third-quarter earnings, as cost cuts offset declines in net interest income and fee income.

ServisFirst Bancshares in Birmingham, Ala., has agreed to buy Metro Bancshares in Atlanta.

Whether it was driven by procedure, policy or politics, NCUA's decision to reissue its controversial risk-based capital rule for comment met with much approbation by credit union executives and stakeholders, even as the industry is still holding its breath to see what the revised proposal looks like.

National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.

BBVA Compass Bancshares in Birmingham, Ala., plans to hire 10 community relations officers to help improve its community reinvestment record.

Regions Financial in Birmingham, Ala., should save some money after deciding against filling a soon-to-be-vacant executive post.

In the push for more noninterest income, regional banks have expanded their investment banking divisions, including capital markets and M&A advisory. Regions Financial has the most challenging task, as it rebuilds after divesting Morgan Keegan.

BIRMINGHAM, Ala. — The biggest trend in credit union strategic planning over recent years has been considering it more as a process than an event.

Regions Financial in Birmingham, Ala., met bullish second-quarter earnings expectations as loan growth offset a decline in fee income.

First Bancshares (FBMS) in Hattiesburg, Miss., has redeemed preferred stock BCB Holding in Mobile, Ala., issued to the Treasury Department under the Troubled Asset Relief Program.

BIRMINGHAM, Ala. — NCUA's proposed rule on associational common bond requirements has many credit union executives saying they are uncertain about what the agency will be looking for when it reviews existing associational relationships.

National Bank of Commerce in Birmingham, Ala., is beefing up in Florida with a deal to buy United Group Banking Company of Florida in Longwood.

BIRMINGHAM, Ala. — Credit unions won't get much help from a slowly recovering economy during the second half of the year, say analysts who foresee minimal GDP growth and CUs still having to slug it out to find ways to drive ROA.

The National Credit Union Administration has approved the sale of Flint River National Bank in Camilla, Ga., to Five Star Credit Union in Dothan, Ala.

DOTHAN, Ala. — The National Credit Union Administration Wednesday approved the sale of Flint River National Bank to $260 million Five Star CU here, and the deal is scheduled to close in early June.

Five Star Credit Union in Dothan, Ala., has received approval from the Alabama Credit Union Administration to buy Flint River National Bank in Camilla, Ga.

DOTHAN, Ala. — The proposed sale of Flint River National Bank to the $260 million Five Star CU here is a step away from completion after the Alabama CU Administration last week approved the deal.

Fueled by strong loan and deposit growth, BBVA Compass in Birmingham, Ala., said Thursday that its first-quarter profits climbed 4% from the same period last year, to $114 million.