Alabama

DALEVILLE, Ala. — Army Aviation Center FCU announced Monday that Robert (Bobby) Michael has been named the $1.1 billion credit union's new president and chief executive officer.

ServisFirst Bancshares in Birmingham, Ala., has filed plans to raise $72 million through in initial public offering.

Regions Financial (RF) in Birmingham, Ala., is reorganizing the geographic structure of its Midwest operations following the retirement of area President Sally Roth.

FirstBank in Lexington, Tenn., is expanding its operations in Alabama by opening a Huntsville branch.

BIRMINGHAM, Ala. — An update to the Alabama Credit Union Act is headed to this state's governor's desk, and some of the changes include limited liability for boards of directors.

Analysts Joseph Fenech and Kevin Fitzsimmons have resigned from the research department at Sandler O'Neill.

First Bancshares (FBMS) in Hattiesburg, Miss., has agreed to buy BCB Holding in Mobile, Ala.

BBVA Compass (BBVA) of Birmingham, Ala., has opened two new banking centers in The Woodlands, Texas, a fast-growing suburb north of Houston.

Regions Financial (RF) is discontinuing its controversial short-term consumer loan product, the company announced Wednesday.

BBVA Compass is cutting between 400 and 600 jobs in its banking and real-estate-lending divisions.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BBVA Compass in Birmingham, Ala., has taken the first step to becoming a registrant with the Securities and Exchange Commission.

The Federal Reserve Board has ordered SunSouth Bancshares of Dothan, Ala., to strengthen its board.

United Security Bancshares in Thomasville, Ala., has recruited its next chief financial officer from Regions Financial.

Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.

Five Star Credit Union in Dothan, Ala., has agreed to buy Flint River National Bank in Camilla, Ga.

An uptick in fees and a drop in expenses lifted Pinnacle Bancshares in the first quarter.

Strong loan growth and improved efficiency powered ServisFirst Bancshares in Birmingham, Ala., to its 10th consecutive quarter of record earnings in the quarter that ended June 30.

The insurance unit of BancorpSouth (BXS) has agreed to buy the assets of Securance Group, an insurance agency in Brewton, Ala.

The Federal Reserve Board has entered into written agreements with two companies requiring them to serve as sources of strength for their banks.