Alabama

ServisFirst Bancshares of Birmingham, Ala., is expanding its correspondent banking business into Tennessee and Georgia with the addition of two new executives.

Gerald Host, Trustmark's CEO, expressed confidence in his company's purchase of BancTrust despite some analysts' concerns about the seller's weak deposit positions in key Alabama markets.

The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.

Heritage Financial Group (HBOS) of Albany, Ga., is entering neighboring Alabama with an agreement to buy a branch in Auburn from the banking unit of Community Capital Bancshares.

BancTrust Financial Group in Mobile has put itself on the block, and as many as a half dozen banks could pursue it. The bidding process could foretell a lot about the appetite for small, complex deals everywhere.

BancTrust Financial Group Inc. (BTFG) in Mobile, Ala., has put itself up for sale after its bid to raise capital from two private-equity groups fell through.

United Security Bancshares Inc. in Thomasville, Ala., reported a fourth-quarter loss of $9.5 million, compared with a loss of $6.5 million a year earlier, as it recorded a $4.1 million goodwill impairment charge to reflect continued weakness in its real estate portfolio.

United Security Bancshares Inc. reported a loss of $1.3 million in third quarter as the Thomasville, Ala., company continued to be plagued by problem real estate loans.

James F. House soon will take the helm of United Security Bancshares Inc., a Thomasville, Ala., banking company that has hit hard times.

The Fed announced written agreements with four banking companies: Southern Community (N.C.), First Community (Texas), First Chatsworth (Ga.) and First National (Ala.)

Alliant Financial Corp. in Birmingham, Ala., said Tuesday that it has hired a former BankUnited Corp. officer to become the chief executive of its bank.

The concept of bankruptcy as a surefire step toward recapitalization isn't always so surefire. Take the case of Nexity Bank.

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Superior Bancorp in Birmingham, Ala., said it must continue to delay filing its 2010 report with the Securities and Exchange Commission until it addresses issues with certain appraisals.

First National Bankers Bankshares Inc. in Baton Rouge, La., said late Friday that it consolidated its four banks along the Gulf Coast.

Superior Bancorp in Birmingham, Ala., has named C. Marvin Scott as its chairman and chief executive and Rick Gardner as its president.

The $129.5 million-asset company said in a Wednesday press release that Sandra H. Stephens, who has been the CEO at SouthFirst and its bank for five years, will resign Jan. 2 to "spend more time with her family."

Superior Bancorp in Birmingham, Ala., is seeking $58 million from the Gulf Coast Claims Facility, a fund created by the oil company BP to cover damages caused by the Deepwater Horizon oil spill.

Superior Bancorp in Birmingham, Ala., said that capital levels fell again after it posted a hefty third-quarter loss.

The Office of Thrift Supervision has given Superior Bancorp of Birmingham, Ala., until the end of March to strengthen capital ratios significantly.